Altra Industrial Motion Corp. (AIMC) Stake Cut by Kennedy Capital Management Inc.

Kennedy Capital Management Inc. decreased its stake in Altra Industrial Motion Corp. (NASDAQ:AIMC) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,968 shares of the industrial products company’s stock after selling 7,617 shares during the period. Kennedy Capital Management Inc.’s holdings in Altra Industrial Motion Corp. were worth $7,321,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Altra Industrial Motion Corp. by 3.5% in the fourth quarter. State Street Corp now owns 464,225 shares of the industrial products company’s stock valued at $17,131,000 after buying an additional 15,826 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Altra Industrial Motion Corp. by 2.7% in the first quarter. Wells Fargo & Company MN now owns 640,923 shares of the industrial products company’s stock valued at $24,964,000 after buying an additional 16,750 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Altra Industrial Motion Corp. during the fourth quarter valued at about $3,621,000. Bbva Compass Bancshares Inc. raised its stake in shares of Altra Industrial Motion Corp. by 4.6% in the first quarter. Bbva Compass Bancshares Inc. now owns 7,098 shares of the industrial products company’s stock valued at $277,000 after buying an additional 311 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Altra Industrial Motion Corp. by 189.4% in the fourth quarter. Comerica Bank now owns 53,602 shares of the industrial products company’s stock valued at $2,018,000 after buying an additional 35,080 shares during the last quarter. Institutional investors own 98.29% of the company’s stock.

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

Altra Industrial Motion Corp. (NASDAQ:AIMC) traded down 2.11% on Tuesday, reaching $41.70. 75,410 shares of the company were exchanged. The firm has a 50-day moving average of $42.68 and a 200 day moving average of $39.34. The firm has a market capitalization of $1.22 billion, a P/E ratio of 41.58 and a beta of 1.56. Altra Industrial Motion Corp. has a 12-month low of $25.77 and a 12-month high of $46.90.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its quarterly earnings results on Friday, April 28th. The industrial products company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.13. Altra Industrial Motion Corp. had a net margin of 3.58% and a return on equity of 16.20%. The business had revenue of $215.40 million for the quarter, compared to the consensus estimate of $209.55 million. During the same period last year, the firm earned $0.38 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, equities analysts predict that Altra Industrial Motion Corp. will post $1.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Friday, June 16th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This is an increase from Altra Industrial Motion Corp.’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.60%. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is presently 69.39%.

ILLEGAL ACTIVITY NOTICE: “Altra Industrial Motion Corp. (AIMC) Stake Cut by Kennedy Capital Management Inc.” was reported by Ticker Report and is owned by of Ticker Report. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/2656035/altra-industrial-motion-corp-aimc-stake-cut-by-kennedy-capital-management-inc.html.

AIMC has been the subject of several research analyst reports. Jefferies Group LLC raised their price target on shares of Altra Industrial Motion Corp. to $38.00 and gave the stock a “hold” rating in a research note on Wednesday, March 1st. TheStreet lowered shares of Altra Industrial Motion Corp. from a “b” rating to a “c+” rating in a research note on Monday, February 27th. Zacks Investment Research upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, March 1st. Finally, BMO Capital Markets raised their price target on shares of Altra Industrial Motion Corp. from $46.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $46.00.

In other Altra Industrial Motion Corp. news, Chairman Carl R. Christenson sold 40,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $43.32, for a total value of $1,732,800.00. Following the transaction, the chairman now directly owns 136,176 shares in the company, valued at $5,899,144.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Carl R. Christenson sold 10,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $44.00, for a total transaction of $440,000.00. Following the completion of the transaction, the chairman now owns 136,176 shares in the company, valued at $5,991,744. The disclosure for this sale can be found here. Insiders sold 63,500 shares of company stock worth $2,740,050 over the last quarter. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AIMC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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).

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.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.