State of Wisconsin Investment Board cut its holdings in shares of Altra Industrial Motion Corp (NASDAQ:AIMC) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 190,000 shares of the industrial products company’s stock after selling 4,197 shares during the period. State of Wisconsin Investment Board’s holdings in Altra Industrial Motion were worth $9,576,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of AIMC. Ameritas Investment Partners Inc. boosted its position in shares of 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 acquired a new stake in Altra Industrial Motion in the third quarter worth approximately $203,000. D.A. Davidson & CO. acquired a new stake in Altra Industrial Motion in the fourth quarter worth approximately $206,000. Stifel Financial Corp increased its holdings in shares of Altra Industrial Motion by 2.5% in the second quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock valued at $237,000 after buying an additional 148 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Altra Industrial Motion in the third quarter valued at $266,000. Institutional investors and hedge funds own 99.09% of the company’s stock.
AIMC has been the topic of several research reports. Zacks Investment Research cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Stephens reaffirmed a “buy” rating and issued a $56.00 price target (down previously from $58.00) on shares of Altra Industrial Motion in a report on Thursday, February 22nd. Robert W. Baird reaffirmed a “neutral” rating and issued a $50.00 price target (down previously from $54.00) on shares of Altra Industrial Motion in a report on Thursday, February 22nd. Finally, ValuEngine downgraded shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.17.
Altra Industrial Motion Corp (AIMC) opened at $45.45 on Tuesday. Altra Industrial Motion Corp has a one year low of $36.50 and a one year high of $53.70. The company has a quick ratio of 1.57, a current ratio of 2.69 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1,313.35, a price-to-earnings ratio of 25.53 and a beta of 1.61.
Altra Industrial Motion (NASDAQ:AIMC) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.02). The business had revenue of $223.30 million during the quarter, compared to the consensus estimate of $214.70 million. Altra Industrial Motion had a return on equity of 16.24% and a net margin of 5.87%. The company’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. research analysts predict that Altra Industrial Motion Corp will post 2.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Monday, March 19th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, March 16th. Altra Industrial Motion’s dividend payout ratio is presently 38.20%.
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Altra Industrial Motion 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.
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