Piermont Capital Management Inc. boosted its position in Altra Industrial Motion Corp. (NASDAQ:AIMC) by 9.6% during the third quarter, Holdings Channel reports. The firm owned 32,805 shares of the company’s stock after buying an additional 2,870 shares during the period. Piermont Capital Management Inc. owned about 0.13% of Altra Industrial Motion Corp. worth $950,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AIMC. BlackRock Advisors LLC increased its stake in Altra Industrial Motion Corp. by 1.7% in the second quarter. BlackRock Advisors LLC now owns 12,467 shares of the company’s stock worth $336,000 after buying an additional 210 shares during the period. California State Teachers Retirement System increased its stake in Altra Industrial Motion Corp. by 0.8% in the third quarter. California State Teachers Retirement System now owns 53,238 shares of the company’s stock worth $1,542,000 after buying an additional 400 shares during the period. Rhumbline Advisers increased its stake in Altra Industrial Motion Corp. by 1.4% in the third quarter. Rhumbline Advisers now owns 31,837 shares of the company’s stock worth $922,000 after buying an additional 445 shares during the period. Integrated Investment Consultants LLC increased its stake in Altra Industrial Motion Corp. by 15.0% in the third quarter. Integrated Investment Consultants LLC now owns 4,155 shares of the company’s stock worth $120,000 after buying an additional 543 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in Altra Industrial Motion Corp. by 6.2% in the second quarter. UBS Asset Management Americas Inc. now owns 11,998 shares of the company’s stock worth $324,000 after buying an additional 698 shares during the period.

Institutional Ownership by Quarter for Altra Industrial Motion Corp. (NASDAQ:AIMC)

Altra Industrial Motion Corp. (NASDAQ:AIMC) traded up 1.21% during mid-day trading on Friday, hitting $37.65. The stock had a trading volume of 96,103 shares. The company has a 50-day moving average price of $36.69 and a 200 day moving average price of $30.68. The company has a market cap of $974.53 million, a P/E ratio of 32.77 and a beta of 1.49. Altra Industrial Motion Corp. has a 1-year low of $20.55 and a 1-year high of $39.85.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its quarterly earnings data on Friday, October 21st. The company reported $0.35 earnings per share 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 company had revenue of $173.10 million for the quarter, compared to analyst estimates of $175.10 million. During the same period in the previous year, the business earned $0.43 EPS. Altra Industrial Motion Corp.’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts forecast that Altra Industrial Motion Corp. will post $1.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Monday, December 19th were paid a $0.15 dividend. The ex-dividend date was Thursday, December 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.59%. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is currently 53.10%.

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A number of brokerages have recently commented on AIMC. BMO Capital Markets reiterated a “buy” rating on shares of Altra Industrial Motion Corp. in a research report on Wednesday, November 30th. Zacks Investment Research upgraded Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Tuesday, January 3rd. TheStreet downgraded Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Jefferies Group increased their price objective on Altra Industrial Motion Corp. from $26.00 to $32.00 and gave the company a “hold” rating in a research report on Friday, December 16th. Finally, Stephens upgraded Altra Industrial Motion Corp. from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 24th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $40.00.

In related news, VP Gerald P. Ferris sold 5,000 shares of the company’s stock in a transaction dated Monday, October 24th. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the transaction, the vice president now owns 58,011 shares in the company, valued at approximately $1,740,330. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Gerald P. Ferris sold 10,000 shares of the company’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $36.00, for a total transaction of $360,000.00. Following the completion of the transaction, the vice president now owns 35,500 shares in the company, valued at approximately $1,278,000. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by corporate insiders.

About Altra Industrial Motion Corp.

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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