Altra Industrial Motion Corp. (NASDAQ:AIMC) Given Media Impact Rating of 0.24
News stories about Altra Industrial Motion Corp. (NASDAQ:AIMC) have been trending somewhat positive on Monday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altra Industrial Motion Corp. earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 47.1900755953744 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Strength Seen in Kadant (KAI): Stock Rises 14.4% in Session (finance.yahoo.com)
- Kaman (KAMN) Lags Q2 Earnings & Sales, Revises '17 View (finance.yahoo.com)
- Barnes Group (B) Beats Q2 Earnings & Sales, Raises '17 View (finance.yahoo.com)
- Altra Industrial Motion Corp. to Present at Jefferies 2017 Industrials Conference (finance.yahoo.com)
- Altra Industrial Motion Corp. (AIMC) Director Sells $453,000.00 in Stock (americanbankingnews.com)
Several analysts have issued reports on the company. Zacks Investment Research upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Tuesday, May 2nd. BidaskClub cut Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. TheStreet upgraded Altra Industrial Motion Corp. from a “c+” rating to a “b” rating in a research note on Friday, April 28th. BMO Capital Markets upped their price objective on Altra Industrial Motion Corp. from $46.00 to $49.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. Finally, Jefferies Group LLC upped their price objective on Altra Industrial Motion Corp. from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $47.33.
Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 44.20 on Monday. The firm has a market capitalization of $1.30 billion, a PE ratio of 36.96 and a beta of 1.67. Altra Industrial Motion Corp. has a 12 month low of $26.24 and a 12 month high of $46.90. The stock’s 50 day moving average price is $40.96 and its 200-day moving average price is $40.06.
Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $223.35 million for the quarter, compared to the consensus estimate of $219.15 million. Altra Industrial Motion Corp. had a return on equity of 16.50% and a net margin of 4.17%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 earnings per share. On average, equities analysts anticipate that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 18th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, September 15th. Altra Industrial Motion Corp.’s payout ratio is 59.13%.
In other Altra Industrial Motion Corp. news, Chairman Carl R. Christenson sold 10,000 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $44.00, for a total transaction of $440,000.00. Following the sale, the chairman now directly owns 136,176 shares of the company’s stock, valued at $5,991,744. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd Patriacca sold 1,000 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $42.00, for a total value of $42,000.00. Following the sale, the vice president now directly owns 29,371 shares in the company, valued at $1,233,582. The disclosure for this sale can be found here. Insiders have sold 21,000 shares of company stock worth $935,000 over the last ninety days. Company insiders own 3.20% of the company’s stock.
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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. It manufactures a range of couplings suitable for various industrial and specialty applications.
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