Altra Industrial Motion Corp. (NASDAQ:AIMC) VP Gerald P. Ferris sold 15,000 shares of the firm’s stock in a transaction on Friday, November 25th. The stock was sold at an average price of $35.40, for a total transaction of $531,000.00. Following the completion of the sale, the vice president now directly owns 46,183 shares in the company, valued at approximately $1,634,878.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 35.05 on Tuesday. The company has a market cap of $907.23 million, a price-to-earnings ratio of 30.50 and a beta of 1.36. Altra Industrial Motion Corp. has a 52 week low of $20.55 and a 52 week high of $35.85. The stock’s 50 day moving average is $31.29 and its 200-day moving average is $28.83.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its earnings results on Friday, October 21st. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 15.75%. The firm had revenue of $173.10 million for the quarter, compared to the consensus estimate of $175.10 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Altra Industrial Motion Corp. will post $1.49 earnings per share for the current year.

Insider Buying and Selling by Quarter for Altra Industrial Motion Corp. (NASDAQ:AIMC)

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Monday, December 19th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, December 15th. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is presently 53.10%.

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A number of equities research analysts have issued reports on the stock. TheStreet lowered shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a report on Friday, October 21st. Zacks Investment Research raised shares of Altra Industrial Motion Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. Finally, Stephens raised shares of Altra Industrial Motion Corp. from an “equal weight” rating to an “overweight” rating in a report on Monday, October 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Altra Industrial Motion Corp. currently has a consensus rating of “Buy” and an average price target of $29.00.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. increased its stake in Altra Industrial Motion Corp. by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 679,799 shares of the company’s stock worth $18,885,000 after buying an additional 2,534 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Altra Industrial Motion Corp. by 61.8% in the first quarter. Goldman Sachs Group Inc. now owns 67,411 shares of the company’s stock worth $1,872,000 after buying an additional 25,738 shares during the last quarter. Barclays PLC increased its stake in Altra Industrial Motion Corp. by 22.9% in the first quarter. Barclays PLC now owns 30,664 shares of the company’s stock worth $827,000 after buying an additional 5,718 shares during the last quarter. Panagora Asset Management Inc. increased its stake in Altra Industrial Motion Corp. by 10.3% in the first quarter. Panagora Asset Management Inc. now owns 167,775 shares of the company’s stock worth $4,661,000 after buying an additional 15,723 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. increased its stake in Altra Industrial Motion Corp. by 2.8% in the second quarter. Eagle Boston Investment Management Inc. now owns 210,733 shares of the company’s stock worth $5,685,000 after buying an additional 5,684 shares during the last quarter.

Altra Industrial Motion Corp. Company Profile

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.

5 Day Chart for NASDAQ:AIMC

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