Ameritas Investment Partners Inc. grew its position in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,517 shares of the industrial products company’s stock after purchasing an additional 479 shares during the period. Ameritas Investment Partners Inc.’s holdings in Altra Industrial Motion Corp. were worth $100,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Great West Life Assurance Co. Can grew its position in shares of Altra Industrial Motion Corp. by 191.6% during the second quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 2,926 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Altra Industrial Motion Corp. by 848.2% during the second quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 4,156 shares in the last quarter. Stifel Financial Corp grew its position in shares of Altra Industrial Motion Corp. by 2.5% during the second quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 148 shares in the last quarter. Legal & General Group Plc grew its position in shares of Altra Industrial Motion Corp. by 10.7% during the second quarter. Legal & General Group Plc now owns 6,799 shares of the industrial products company’s stock valued at $271,000 after purchasing an additional 659 shares in the last quarter. Finally, Aperio Group LLC grew its position in shares of Altra Industrial Motion Corp. by 17.7% during the second quarter. Aperio Group LLC now owns 7,473 shares of the industrial products company’s stock valued at $297,000 after purchasing an additional 1,122 shares in the last quarter. Hedge funds and other institutional investors own 99.39% of the company’s stock.

In related news, Director Lipscomb S. Michael sold 25,000 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $48.34, for a total value of $1,208,500.00. Following the completion of the transaction, the director now owns 15,848 shares of the company’s stock, valued at approximately $766,092.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Glenn E. Deegan sold 1,825 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $43.37, for a total transaction of $79,150.25. Following the completion of the transaction, the vice president now directly owns 41,419 shares of the company’s stock, valued at approximately $1,796,342.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,889 shares of company stock valued at $3,778,957. 3.20% of the stock is owned by insiders.

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A number of research analysts have recently weighed in on AIMC shares. BMO Capital Markets restated a “buy” rating and set a $53.00 price objective on shares of Altra Industrial Motion Corp. in a research report on Thursday, July 27th. Zacks Investment Research upgraded Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a research report on Thursday, July 27th. ValuEngine upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird restated a “hold” rating and set a $48.00 price objective on shares of Altra Industrial Motion Corp. in a research report on Wednesday, October 4th. Finally, Sidoti downgraded shares of Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 price target for the company. in a report on Wednesday, October 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Altra Industrial Motion Corp. currently has an average rating of “Hold” and an average price target of $49.20.

Altra Industrial Motion Corp. (AIMC) opened at $46.45 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.69 and a quick ratio of 1.57. Altra Industrial Motion Corp. has a 1-year low of $32.50 and a 1-year high of $50.00. The company has a market cap of $1,351.06, a PE ratio of 23.19 and a beta of 1.67.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last announced its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Altra Industrial Motion Corp. had a net margin of 4.92% and a return on equity of 16.30%. The firm had revenue of $214.60 million during the quarter, compared to the consensus estimate of $210.79 million. During the same quarter last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. research analysts expect that Altra Industrial Motion Corp. will post 2.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 18th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, December 15th. Altra Industrial Motion Corp.’s payout ratio is 48.23%.

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.

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

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