Altra Industrial Motion Corp. (NASDAQ:AIMC) VP Gerald P. Ferris sold 15,000 shares of the business’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $35.40, for a total value of $531,000.00. Following the completion of the sale, the vice president now owns 46,183 shares in the company, valued at approximately $1,634,878.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 35.00 on Thursday. Altra Industrial Motion Corp. has a 52-week low of $20.55 and a 52-week high of $35.85. The firm has a market capitalization of $905.94 million, a PE ratio of 30.46 and a beta of 1.36. The stock’s 50 day moving average price is $31.29 and its 200 day moving average price is $28.83.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its earnings results on Friday, October 21st. The company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $173.10 million for the quarter, compared to analyst estimates of $175.10 million. Altra Industrial Motion Corp. had a return on equity of 15.75% and a net margin of 4.17%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. Analysts expect that Altra Industrial Motion Corp. will post $1.49 earnings per share for the current year.

Insider Buying and Selling by Quarter for Altra Industrial Motion Corp. (NASDAQ:AIMC)

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Monday, December 19th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, December 15th. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is presently 53.10%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Silvercrest Asset Management Group LLC raised its position in Altra Industrial Motion Corp. by 12.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,492,878 shares of the company’s stock valued at $40,278,000 after buying an additional 165,048 shares during the period. Monarch Partners Asset Management LLC bought a new position in Altra Industrial Motion Corp. during the third quarter valued at approximately $4,570,000. Victory Capital Management Inc. raised its position in Altra Industrial Motion Corp. by 5.1% in the third quarter. Victory Capital Management Inc. now owns 1,436,542 shares of the company’s stock valued at $41,617,000 after buying an additional 69,338 shares during the period. Emerald Acquisition Ltd. bought a new position in Altra Industrial Motion Corp. during the second quarter valued at approximately $1,745,000. Finally, Frontier Capital Management Co. LLC raised its position in Altra Industrial Motion Corp. by 5.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,060,611 shares of the company’s stock valued at $28,615,000 after buying an additional 59,065 shares during the period.

AIMC has been the subject of several analyst reports. BMO Capital Markets reissued a “buy” rating on shares of Altra Industrial Motion Corp. in a research note on Wednesday. TheStreet cut Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Zacks Investment Research raised Altra Industrial Motion Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 8th. Finally, Stephens raised Altra Industrial Motion Corp. from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Altra Industrial Motion Corp. has an average rating of “Buy” and an average target price of $29.00.

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. The Company’s products are used to control and transmit power and torque in virtually any industrial application involving movement.

5 Day Chart for NASDAQ:AIMC

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