D.A. Davidson & CO. bought a new position in shares of Altra Industrial Motion Corp (NASDAQ:AIMC) during the 4th quarter, HoldingsChannel reports. The firm bought 4,095 shares of the industrial products company’s stock, valued at approximately $206,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its position in Altra Industrial Motion by 23.5% during the second quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock worth $100,000 after buying an additional 479 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Altra Industrial Motion during the third quarter worth about $203,000. Campbell & CO Investment Adviser LLC purchased a new position in Altra Industrial Motion during the third quarter worth about $266,000. Stifel Financial Corp lifted its position in Altra Industrial Motion by 2.5% during the second quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock worth $237,000 after buying an additional 148 shares during the period. Finally, Sheets Smith Wealth Management purchased a new position in Altra Industrial Motion during the fourth quarter worth about $327,000. Hedge funds and other institutional investors own 99.09% of the company’s stock.
Several equities analysts recently weighed in on AIMC shares. Stephens reiterated a “buy” rating and set a $56.00 target price (down from $58.00) on shares of Altra Industrial Motion in a research report on Thursday, February 22nd. Zacks Investment Research upgraded Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, January 22nd. BidaskClub upgraded Altra Industrial Motion from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, ValuEngine downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $51.17.
Altra Industrial Motion (NASDAQ:AIMC) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.02). The firm had revenue of $223.30 million for the quarter, compared to analyst estimates of $214.70 million. Altra Industrial Motion had a return on equity of 16.24% and a net margin of 5.87%. The business’s revenue was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. sell-side analysts anticipate that Altra Industrial Motion Corp will post 2.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Monday, March 19th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, March 16th. This represents a $0.68 annualized dividend and a yield of 1.50%. Altra Industrial Motion’s dividend payout ratio is presently 38.20%.
In other Altra Industrial Motion news, VP Craig Schuele sold 3,315 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $50.00, for a total transaction of $165,750.00. Following the completion of the sale, the vice president now directly owns 67,886 shares in the company, valued at $3,394,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.20% of the company’s stock.
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About Altra Industrial Motion
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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