Altra Industrial Motion Corp. (NASDAQ:AIMC) has been given a consensus broker rating score of 2.50 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokers have set a one year consensus price objective of $29.33 for the company and are forecasting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also assigned Altra Industrial Motion Corp. an industry rank of 206 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 15th.
Altra Industrial Motion Corp. (NASDAQ:AIMC) traded up 0.69% during trading on Tuesday, hitting $29.10. 16,487 shares of the stock traded hands. The company has a 50-day moving average price of $28.34 and a 200-day moving average price of $28.11. The stock has a market cap of $753.81 million, a PE ratio of 21.90 and a beta of 1.57. Altra Industrial Motion Corp. has a 12 month low of $20.55 and a 12 month high of $30.00.
Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The company earned $182.70 million during the quarter, compared to analysts’ expectations of $183.38 million. Altra Industrial Motion Corp. had a net margin of 4.79% and a return on equity of 16.69%. Altra Industrial Motion Corp.’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. Equities research analysts expect that Altra Industrial Motion Corp. will post $1.49 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Monday, September 19th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.08%. Altra Industrial Motion Corp.’s dividend payout ratio is presently 45.45%.
In other Altra Industrial Motion Corp. news, Director Lyle G. Ganske sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $28.63, for a total value of $143,150.00. Following the completion of the transaction, the director now owns 17,564 shares of the company’s stock, valued at approximately $502,857.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Carl R. Christenson sold 26,500 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $28.63, for a total transaction of $758,695.00. Following the completion of the transaction, the chief executive officer now directly owns 107,415 shares of the company’s stock, valued at approximately $3,075,291.45. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in AIMC. Integrated Investment Consultants LLC boosted its position in Altra Industrial Motion Corp. by 15.0% in the third quarter. Integrated Investment Consultants LLC now owns 4,155 shares of the company’s stock worth $120,000 after buying an additional 543 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in Altra Industrial Motion Corp. during the second quarter worth approximately $187,000. Principal Financial Group Inc. bought a new position in Altra Industrial Motion Corp. during the second quarter worth approximately $204,000. Algert Global LLC bought a new position in Altra Industrial Motion Corp. during the second quarter worth approximately $218,000. Finally, Zacks Investment Management boosted its position in Altra Industrial Motion Corp. by 24.0% in the second quarter. Zacks Investment Management now owns 9,076 shares of the company’s stock worth $245,000 after buying an additional 1,755 shares in the last quarter.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.