Zacks Investment Research lowered shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) from a strong-buy rating to a hold rating in a research report report published on Monday morning.

According to Zacks, “Over the last one month, Altra Industrial's shares outperformed the Zacks categorized Machinery General Industrial industry. Also, we believe that the company holds solid potential for organic and inorganic growth in the long run. Also, Stromag acquisition will start yielding earnings benefits in 2017. In addition, the company is progressing well on its restructuring and cost-saving strategies.  Rewarding shareholders with dividends and share buybacks remain a priority.  However, the company is exposed to risks arising from stiff competition, high costs, and forex woes. For 2016 (results not yet released), the company anticipates soft conditions to persist in its end-markets. The company has narrowed its guidance for 2016, with sales now expected within $705-$715 million.”

Several other brokerages also recently issued reports on AIMC. Jefferies Group LLC upped their price target on shares of Altra Industrial Motion Corp. from $26.00 to $32.00 and gave the stock a hold rating in a research report on Friday, December 16th. BMO Capital Markets reiterated an outperform rating and set a $45.00 price target on shares of Altra Industrial Motion Corp. in a research report on Friday, December 16th. TheStreet upgraded shares of Altra Industrial Motion Corp. from a hold rating to a buy rating in a research report on Wednesday, November 9th. Finally, Stephens upgraded shares of Altra Industrial Motion Corp. from an equal weight rating to an overweight rating in a research report on Monday, October 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $40.67.

Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 39.95 on Monday. Altra Industrial Motion Corp. has a one year low of $23.06 and a one year high of $40.65. The firm has a market capitalization of $1.03 billion, a PE ratio of 34.77 and a beta of 1.52. The firm has a 50 day moving average of $37.91 and a 200 day moving average of $32.72.

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In related news, VP Gerald P. Ferris sold 15,000 shares of the company’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $35.40, for a total transaction of $531,000.00. Following the transaction, the vice president now owns 46,183 shares in the company, valued at approximately $1,634,878.20. The sale was disclosed in a filing 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 stock was sold at an average price of $36.00, for a total transaction of $360,000.00. Following 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 owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in AIMC. Monarch Partners Asset Management LLC purchased a new stake in shares of Altra Industrial Motion Corp. during the third quarter valued at $4,570,000. Frontier Capital Management Co. LLC boosted its stake in shares of Altra Industrial Motion Corp. by 10.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,244,844 shares of the company’s stock valued at $45,935,000 after buying an additional 120,492 shares in the last quarter. Alambic Investment Management L.P. boosted its stake in shares of Altra Industrial Motion Corp. by 18.5% in the third quarter. Alambic Investment Management L.P. now owns 15,350 shares of the company’s stock valued at $445,000 after buying an additional 2,400 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Altra Industrial Motion Corp. by 0.9% in the third quarter. Ameriprise Financial Inc. now owns 268,812 shares of the company’s stock valued at $7,788,000 after buying an additional 2,475 shares in the last quarter. Finally, Nordea Investment Management AB purchased a new stake in shares of Altra Industrial Motion Corp. during the second quarter valued at $460,000.

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.

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