Altra Industrial Motion Corp. (NASDAQ:AIMC) shares were down 2.5% during trading on Thursday . The company 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.

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

The stock has a market cap of $735.96 million and a PE ratio of 21.15. The stock has a 50-day moving average price of $27.87 and a 200 day moving average price of $26.16.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. During the same quarter in the prior year, the company earned $0.43 earnings per share. The company earned $182.70 million during the quarter, compared to analysts’ expectations of $183.38 million. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, analysts forecast that Altra Industrial Motion Corp. will post $1.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Monday, September 19th will be paid a $0.15 dividend. The ex-dividend date is Thursday, September 15th. This represents a $0.60 annualized dividend and a yield of 2.12%.

In other Altra Industrial Motion Corp. news, VP Gerald P. Ferris sold 1,314 shares of the stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $30.00, for a total value of $39,420.00. Following the transaction, the vice president now directly owns 83,961 shares in the company, valued at $2,518,830. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carl R. Christenson sold 30,000 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $27.35, for a total transaction of $820,500.00. Following the completion of the transaction, the chief executive officer now owns 107,415 shares in the company, valued at $2,937,800.25. 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. increased 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 Securities and Exchange Commission (SEC). The institutional investor 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 approximately 4.96% of Altra Industrial Motion Corp. worth $32,336,000 at the end of the most recent reporting period.

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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