Altra Industrial Motion Corp. (NASDAQ:AIMC) Chairman Carl R. Christenson sold 10,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $47.00, for a total value of $470,000.00. Following the transaction, the chairman now owns 98,805 shares in the company, valued at approximately $4,643,835. The sale was disclosed in a document filed with the SEC, which is available through this link.

Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 47.60 on Friday. Altra Industrial Motion Corp. has a one year low of $26.78 and a one year high of $47.60. The firm has a 50-day moving average price of $45.07 and a 200-day moving average price of $41.53. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 39.80 and a beta of 1.64.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The company 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 revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. On average, equities analysts predict that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 18th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, September 15th. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is 59.13%.

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A number of research analysts have recently issued reports on AIMC shares. BidaskClub lowered Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Zacks Investment Research lowered Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BMO Capital Markets reiterated a “buy” rating and set a $53.00 target price on shares of Altra Industrial Motion Corp. in a research report on Thursday, July 27th. Finally, ValuEngine upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $47.33.

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in Altra Industrial Motion Corp. by 2.7% in the first quarter. Wells Fargo & Company MN now owns 640,923 shares of the industrial products company’s stock valued at $24,964,000 after purchasing an additional 16,750 shares during the last quarter. Bank of America Corp DE grew its holdings in Altra Industrial Motion Corp. by 31.6% in the first quarter. Bank of America Corp DE now owns 241,876 shares of the industrial products company’s stock valued at $9,421,000 after purchasing an additional 58,023 shares during the last quarter. AQR Capital Management LLC grew its holdings in Altra Industrial Motion Corp. by 10.2% in the first quarter. AQR Capital Management LLC now owns 46,319 shares of the industrial products company’s stock valued at $1,804,000 after purchasing an additional 4,294 shares during the last quarter. Vanguard Group Inc. grew its holdings in Altra Industrial Motion Corp. by 6.1% in the first quarter. Vanguard Group Inc. now owns 2,040,568 shares of the industrial products company’s stock valued at $79,480,000 after purchasing an additional 117,984 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in Altra Industrial Motion Corp. by 1.2% in the first quarter. Macquarie Group Ltd. now owns 1,202,576 shares of the industrial products company’s stock valued at $46,840,000 after purchasing an additional 14,745 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

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. It manufactures a range of couplings suitable for various industrial and specialty applications.

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

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