Chartwell Investment Partners LLC cut its holdings in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) by 20.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 326,325 shares of the industrial products company’s stock after selling 85,821 shares during the quarter. Chartwell Investment Partners LLC owned approximately 1.11% of Altra Industrial Motion Corp. worth $15,696,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased 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 purchasing an additional 189,048 shares during the last quarter. JPMorgan Chase & Co. increased 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 purchasing an additional 23,428 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Altra Industrial Motion Corp. by 28.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,579,701 shares of the industrial products company’s stock worth $75,984,000 after purchasing an additional 348,393 shares during the last quarter. Earnest Partners LLC increased its holdings in Altra Industrial Motion Corp. by 0.7% during the 2nd quarter. Earnest Partners LLC now owns 1,558,545 shares of the industrial products company’s stock worth $62,030,000 after purchasing an additional 11,531 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Altra Industrial Motion Corp. by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,301,192 shares of the industrial products company’s stock worth $51,787,000 after purchasing an additional 17,428 shares during the last quarter. Institutional investors own 99.55% of the company’s stock.

WARNING: This piece was first published by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/11/20/chartwell-investment-partners-llc-has-15-70-million-holdings-in-altra-industrial-motion-corp-aimc.html.

Shares of Altra Industrial Motion Corp. (NASDAQ AIMC) traded down $0.30 during midday trading on Monday, hitting $47.35. The stock had a trading volume of 252,600 shares, compared to its average volume of 148,030. Altra Industrial Motion Corp. has a 1-year low of $34.20 and a 1-year high of $50.00. The company has a quick ratio of 1.57, a current ratio of 2.69 and a debt-to-equity ratio of 0.77. The company has a market cap of $1,386.19, a P/E ratio of 23.79 and a beta of 1.67.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 18th will be issued a $0.17 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.44%. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is 48.23%.

In related news, Chairman Carl R. Christenson sold 10,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the transaction, the chairman now directly owns 98,805 shares in the company, valued at approximately $4,545,030. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lipscomb S. Michael sold 25,000 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $48.34, for a total value of $1,208,500.00. Following the transaction, the director now owns 15,848 shares of the company’s stock, valued at $766,092.32. The disclosure for this sale can be found here. Insiders sold a total of 64,064 shares of company stock valued at $3,032,307 over the last quarter. Company insiders own 3.20% of the company’s stock.

Several equities research analysts have issued reports on the company. BMO Capital Markets restated a “buy” rating and set a $53.00 price objective on shares of Altra Industrial Motion Corp. in a report on Wednesday, September 6th. ValuEngine upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Sidoti downgraded Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 price objective on the stock. in a report on Wednesday, October 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded 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, Robert W. Baird restated a “hold” rating and set a $48.00 price objective on shares of Altra Industrial Motion Corp. in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $49.20.

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.

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

Receive News & Ratings for Altra Industrial Motion Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion Corp. and related companies with MarketBeat.com's FREE daily email newsletter.