Altra Industrial Motion Corp (NASDAQ:AIMC) Director Sells $252,018.80 in Stock

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Altra Industrial Motion Corp (NASDAQ:AIMC) Director Larry Mcpherson sold 9,922 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $25.40, for a total transaction of $252,018.80. Following the sale, the director now directly owns 9,608 shares of the company’s stock, valued at $244,043.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ:AIMC opened at $23.98 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.41 and a current ratio of 2.12. The company has a market cap of $1.62 billion, a PE ratio of 8.38 and a beta of 1.94. Altra Industrial Motion Corp has a 52 week low of $23.52 and a 52 week high of $44.05. The firm has a 50 day simple moving average of $30.92 and a 200 day simple moving average of $32.62.

Altra Industrial Motion (NASDAQ:AIMC) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). The firm had revenue of $466.50 million during the quarter, compared to analysts’ expectations of $488.01 million. Altra Industrial Motion had a net margin of 4.34% and a return on equity of 10.50%. The firm’s revenue was up 96.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. On average, equities analysts predict that Altra Industrial Motion Corp will post 2.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 18th will be given a $0.17 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.68 annualized dividend and a dividend yield of 2.84%. Altra Industrial Motion’s dividend payout ratio (DPR) is presently 23.78%.

Several large investors have recently modified their holdings of AIMC. Vanguard Group Inc. purchased a new stake in shares of Altra Industrial Motion in the 2nd quarter valued at approximately $208,095,000. BlackRock Inc. purchased a new stake in Altra Industrial Motion in the 2nd quarter worth approximately $165,370,000. Silvercrest Asset Management Group LLC purchased a new stake in Altra Industrial Motion in the 2nd quarter worth approximately $127,345,000. Wasatch Advisors Inc. purchased a new stake in Altra Industrial Motion in the 2nd quarter worth approximately $123,431,000. Finally, JPMorgan Chase & Co. purchased a new stake in Altra Industrial Motion in the 2nd quarter worth approximately $76,617,000.

Several research firms recently commented on AIMC. TheStreet lowered shares of Altra Industrial Motion from a “b-” rating to a “c+” rating in a research note on Monday. BidaskClub lowered shares of Altra Industrial Motion from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of Altra Industrial Motion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. ValuEngine downgraded shares of Altra Industrial Motion from a “sell” rating to a “strong sell” rating in a research report on Friday, July 26th. Finally, KeyCorp reduced their price target on shares of Altra Industrial Motion from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Altra Industrial Motion presently has an average rating of “Hold” and an average target price of $47.20.

About Altra Industrial Motion

Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies and Automation & Specialty.

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