New York State Common Retirement Fund lifted its stake in shares of Altra Industrial Motion Corp (NASDAQ:AIMC) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 638,217 shares of the industrial products company’s stock after purchasing an additional 30,294 shares during the quarter. New York State Common Retirement Fund’s holdings in Altra Industrial Motion were worth $11,162,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in shares of Altra Industrial Motion by 9.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,962,938 shares of the industrial products company’s stock worth $107,288,000 after purchasing an additional 256,568 shares in the last quarter. Champlain Investment Partners LLC boosted its position in shares of Altra Industrial Motion by 14.7% during the 4th quarter. Champlain Investment Partners LLC now owns 2,851,700 shares of the industrial products company’s stock worth $103,260,000 after purchasing an additional 365,805 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Altra Industrial Motion by 10.9% during the 4th quarter. Macquarie Group Ltd. now owns 2,399,486 shares of the industrial products company’s stock worth $86,885,000 after purchasing an additional 236,000 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Altra Industrial Motion by 20.0% during the 4th quarter. Earnest Partners LLC now owns 2,361,024 shares of the industrial products company’s stock worth $85,493,000 after purchasing an additional 392,986 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Altra Industrial Motion by 8.7% during the 1st quarter. Victory Capital Management Inc. now owns 1,639,505 shares of the industrial products company’s stock worth $28,675,000 after purchasing an additional 130,870 shares in the last quarter.

NASDAQ:AIMC opened at $28.92 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.80 and a current ratio of 2.48. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 10.67 and a beta of 2.53. Altra Industrial Motion Corp has a 52 week low of $12.00 and a 52 week high of $38.43. The firm has a 50-day moving average price of $22.27 and a two-hundred day moving average price of $29.34.

Altra Industrial Motion (NASDAQ:AIMC) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.12. The firm had revenue of $434.20 million during the quarter, compared to analyst estimates of $418.48 million. Altra Industrial Motion had a negative net margin of 1.38% and a positive return on equity of 9.41%. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. As a group, sell-side analysts forecast that Altra Industrial Motion Corp will post 1.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, June 18th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $0.16 annualized dividend and a yield of 0.55%. Altra Industrial Motion’s dividend payout ratio (DPR) is 23.78%.

In related news, CEO Carl R. Christenson purchased 2,802 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $19.95 per share, for a total transaction of $55,899.90. Following the purchase, the chief executive officer now directly owns 77,556 shares in the company, valued at approximately $1,547,242.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carl R. Christenson purchased 4,956 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of $23.34 per share, with a total value of $115,673.04. Following the purchase, the chief executive officer now owns 77,556 shares in the company, valued at $1,810,157.04. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Several equities analysts recently weighed in on the stock. TheStreet cut shares of Altra Industrial Motion from a “c” rating to a “d+” rating in a research report on Thursday, April 30th. Needham & Company LLC assumed coverage on shares of Altra Industrial Motion in a research report on Tuesday, April 28th. They issued a “neutral” rating and a $22.00 price target on the stock. KeyCorp raised their price target on shares of Altra Industrial Motion from $25.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Oppenheimer assumed coverage on shares of Altra Industrial Motion in a research report on Wednesday. They issued an “outperform” rating and a $34.00 price target on the stock. Finally, ValuEngine raised shares of Altra Industrial Motion from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.71.

Altra Industrial Motion Company Profile

Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies and Automation & Specialty.

Further Reading: Why are percentage gainers important?

Want to see what other hedge funds are holding AIMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altra Industrial Motion Corp (NASDAQ:AIMC).

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

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