Sapience Investments LLC reduced its stake in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) by 46.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 137,770 shares of the industrial products company’s stock after selling 119,585 shares during the period. Sapience Investments LLC owned approximately 0.47% of Altra Industrial Motion Corp. worth $5,483,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Altra Industrial Motion Corp. by 9.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,229,616 shares of the industrial products company’s stock worth $88,739,000 after buying an additional 189,048 shares during the period. JPMorgan Chase & Co. raised its holdings in Altra Industrial Motion Corp. by 1.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,749,808 shares of the industrial products company’s stock worth $69,642,000 after buying an additional 23,428 shares during the period. Macquarie Group Ltd. raised its holdings in Altra Industrial Motion Corp. by 1.2% during the 1st quarter. Macquarie Group Ltd. now owns 1,202,576 shares of the industrial products company’s stock worth $46,840,000 after buying an additional 14,745 shares during the period. Lazard Asset Management LLC raised its holdings in Altra Industrial Motion Corp. by 8.4% during the 2nd quarter. Lazard Asset Management LLC now owns 625,099 shares of the industrial products company’s stock worth $24,878,000 after buying an additional 48,476 shares during the period. Finally, State Street Corp raised its holdings in Altra Industrial Motion Corp. by 14.2% during the 1st quarter. State Street Corp now owns 530,226 shares of the industrial products company’s stock worth $20,652,000 after buying an additional 66,001 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

A number of analysts have recently issued reports on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $53.00 price objective on shares of Altra Industrial Motion Corp. in a report on Wednesday, September 6th. ValuEngine upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a report on Thursday, July 27th. Finally, BidaskClub downgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Altra Industrial Motion Corp. has an average rating of “Buy” and a consensus price target of $47.33.

Altra Industrial Motion Corp. (NASDAQ AIMC) traded down 0.10% during mid-day trading on Friday, hitting $47.65. 222,011 shares of the stock were exchanged. The company has a market capitalization of $1.40 billion, a PE ratio of 39.84 and a beta of 1.64. Altra Industrial Motion Corp. has a 1-year low of $26.95 and a 1-year high of $48.60. The stock has a 50 day moving average price of $45.30 and a 200 day moving average price of $41.67.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Altra Industrial Motion Corp. had a return on equity of 16.50% and a net margin of 4.17%. The company had revenue of $223.35 million for the quarter, compared to analysts’ expectations of $219.15 million. During the same period last year, the business earned $0.42 EPS. Altra Industrial Motion Corp.’s quarterly revenue was up 22.3% compared to the same quarter last year. On average, equities analysts anticipate that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current fiscal year.

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

In related news, VP Glenn E. Deegan sold 1,825 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $43.37, for a total value of $79,150.25. Following the transaction, the vice president now directly owns 41,419 shares in the company, valued at approximately $1,796,342.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lyle G. Ganske sold 10,000 shares of the 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 transaction, the director now owns 11,493 shares in the company, valued at $520,632.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,104 shares of company stock worth $2,934,408. 3.20% of the stock is owned by company insiders.

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

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