Somewhat Positive Press Coverage Somewhat Unlikely to Impact Altra Industrial Motion Corp. (AIMC) Stock Price
News headlines about Altra Industrial Motion Corp. (NASDAQ:AIMC) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altra Industrial Motion Corp. earned a news impact score of 0.21 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.470517602153 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- New Strong Buy Stocks for August 11th (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Altra Industrial Motion Corp. (finance.yahoo.com)
- Illinois Tool Works (ITW) Hikes Quarterly Dividend by 20% (finance.yahoo.com)
- New Strong Buy Stocks for August 8th (finance.yahoo.com)
A number of research analysts recently weighed in on AIMC shares. TheStreet raised Altra Industrial Motion Corp. from a “c+” rating to a “b” rating in a report on Friday, April 28th. Zacks Investment Research raised Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Tuesday, May 2nd. BMO Capital Markets reissued a “buy” rating and set a $53.00 target price on shares of Altra Industrial Motion Corp. in a report on Thursday, July 27th. Jefferies Group LLC boosted their target price on Altra Industrial Motion Corp. from $38.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, May 8th. Finally, BidaskClub lowered Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $47.33.
Altra Industrial Motion Corp. (AIMC) opened at 44.05 on Friday. The company’s 50 day moving average price is $41.44 and its 200-day moving average price is $40.39. Altra Industrial Motion Corp. has a 12-month low of $26.24 and a 12-month high of $46.90. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 36.83 and a beta of 1.67.
Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.07. The business had revenue of $223.35 million for the quarter, compared to analyst estimates of $219.15 million. Altra Industrial Motion Corp. had a return on equity of 16.50% and a net margin of 4.17%. Altra Industrial Motion Corp.’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company posted $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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Monday, September 18th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a yield of 1.54%. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is currently 59.13%.
In other Altra Industrial Motion Corp. news, Director Lyle G. Ganske sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.30, for a total value of $453,000.00. Following the completion of the sale, the director now directly owns 11,493 shares of the company’s stock, valued at $520,632.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Todd Patriacca sold 1,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $42.00, for a total value of $42,000.00. Following the completion of the sale, the vice president now directly owns 29,371 shares of the company’s stock, valued at $1,233,582. The disclosure for this sale can be found here. Insiders sold 21,000 shares of company stock valued at $935,000 over the last three months. Company insiders own 3.20% of the company’s stock.
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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