Altra Industrial Motion Corp. (NASDAQ:AIMC) shares were down 2.5% during trading on Thursday . The stock traded as low as $27.56 and last traded at $27.81, with a volume of 138,115 shares changing hands. The stock had previously closed at $28.53.

Several research analysts recently commented on AIMC shares. TheStreet upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a report on Thursday, March 31st. BMO Capital Markets started coverage on shares of Altra Industrial Motion Corp. in a report on Tuesday, April 5th. They issued an “outperform” rating and a $32.00 price target on the stock. Zacks Investment Research upgraded shares of Altra Industrial Motion Corp. from a “sell” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, April 19th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Altra Industrial Motion Corp. in a research note on Monday, May 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.00.

The stock’s 50 day moving average price is $27.85 and its 200-day moving average price is $26.13. The stock has a market cap of $726.87 million and a P/E ratio of 20.89.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. During the same quarter in the previous year, the firm posted $0.43 EPS. The company had revenue of $182.70 million for the quarter, compared to analyst estimates of $183.38 million. Altra Industrial Motion Corp.’s quarterly revenue was down 7.1% on a year-over-year basis. Equities research analysts forecast that Altra Industrial Motion Corp. will post $1.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Monday, September 19th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, September 15th. This represents a $0.60 annualized dividend and a yield of 2.14%.

In other Altra Industrial Motion Corp. news, VP Gerald P. Ferris sold 1,314 shares of Altra Industrial Motion Corp. stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $30.00, for a total transaction of $39,420.00. Following the transaction, the vice president now owns 83,961 shares of the company’s stock, valued at approximately $2,518,830. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Carl R. Christenson sold 30,000 shares of Altra Industrial Motion Corp. stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $28.26, for a total value of $847,800.00. Following the transaction, the chief executive officer now directly owns 107,415 shares in the company, valued at approximately $3,035,547.90. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Altra Industrial Motion Corp. stock. Victory Capital Management Inc. raised its stake in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) by 12.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,289,335 shares of the company’s stock after buying an additional 145,028 shares during the period. Victory Capital Management Inc. owned about 4.96% of Altra Industrial Motion Corp. worth $32,336,000 as of its most recent filing with the SEC.

Altra Industrial Motion Corp. is a designer, producer and marketer of a range of mechanical power transmission (MPT) components. The Company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. The Company’s products are used to control and transmit power and torque in virtually any industrial application involving movement.

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