Wasatch Advisors Inc. increased its stake in Altra Industrial Motion Corp. (NASDAQ:AIMC) by 185.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 977,955 shares of the industrial products company’s stock after acquiring an additional 635,446 shares during the quarter. Wasatch Advisors Inc. owned about 3.34% of Altra Industrial Motion Corp. worth $47,040,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its stake in shares of Altra Industrial Motion Corp. by 23.5% in the second quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 479 shares during the period. Great West Life Assurance Co. Can increased its holdings in Altra Industrial Motion Corp. by 191.6% in the second quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 2,926 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Altra Industrial Motion Corp. by 848.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 4,156 shares in the last quarter. Simplex Trading LLC increased its holdings in Altra Industrial Motion Corp. by 244.6% in the third quarter. Simplex Trading LLC now owns 4,935 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 3,503 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Altra Industrial Motion Corp. by 2.5% in the second quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 148 shares in the last quarter. 99.55% of the stock is currently owned by institutional investors.

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AIMC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Thursday, October 5th. ValuEngine upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and issued a $48.00 target price on shares of Altra Industrial Motion Corp. in a report on Wednesday, October 4th. Sidoti downgraded Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $53.00 target price on shares of Altra Industrial Motion Corp. in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $49.20.

Shares of Altra Industrial Motion Corp. (NASDAQ AIMC) traded up $0.15 during mid-day trading on Wednesday, reaching $47.75. The company’s stock had a trading volume of 64,100 shares, compared to its average volume of 147,394. The company has a market capitalization of $1,393.51, a P/E ratio of 23.92 and a beta of 1.67. Altra Industrial Motion Corp. has a 1-year low of $34.20 and a 1-year high of $50.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.57 and a current ratio of 2.69.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 18th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, December 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. Altra Industrial Motion Corp.’s dividend payout ratio is 48.23%.

In other news, Director Lipscomb S. Michael sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $48.34, for a total transaction of $1,208,500.00. Following the completion of the sale, the director now owns 15,848 shares in the company, valued at $766,092.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Carl R. Christenson sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the sale, the chairman now owns 98,805 shares of the company’s stock, valued at approximately $4,545,030. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,064 shares of company stock valued at $3,032,307. Corporate insiders own 3.20% of the company’s stock.

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.

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

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