Today, State of Wisconsin Investment Board decides to keep it stake in Altra Industrial Motion Corp. (AIMC) to the level of $5,070,000

Today, State of Wisconsin Investment Board decides to keep it stake in Altra Industrial Motion Corp. (AIMC) to the level of $5,070,000
State of Wisconsin Investment Board held its position in Altra Industrial Motion Corp. (NASDAQ:AIMC) during the third quarter, according to its most recent filing with the SEC. The firm owned 175,000 shares of the company’s stock at the end of the third quarter. State of Wisconsin Investment Board owned about 0.68% of Altra Industrial Motion Corp. worth $5,070,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AIMC. State Board of Administration of Florida Retirement System boosted its position in Altra Industrial Motion Corp. by 12.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 30,646 shares of the company’s stock valued at $827,000 after buying an additional 3,476 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Altra Industrial Motion Corp. during the second quarter valued at $348,000. Emerald Acquisition Ltd. acquired a new position in Altra Industrial Motion Corp. during the second quarter valued at $1,745,000. Frontier Capital Management Co. LLC boosted its position in Altra Industrial Motion Corp. by 5.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,060,611 shares of the company’s stock valued at $28,615,000 after buying an additional 59,065 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new position in Altra Industrial Motion Corp. during the second quarter valued at $460,000.

Altra Industrial Motion Corp. (NASDAQ:AIMC) remained flat at $35.45 during mid-day trading on Friday. 70,554 shares of the company’s stock were exchanged. Altra Industrial Motion Corp. has a 52-week low of $20.55 and a 52-week high of $35.85. The company has a market capitalization of $917.59 million, a price-to-earnings ratio of 30.85 and a beta of 1.36. The stock has a 50 day moving average of $31.13 and a 200-day moving average of $28.77.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last announced its earnings results on Friday, October 21st. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $173.10 million for the quarter, compared to analysts’ expectations of $175.10 million. Altra Industrial Motion Corp. had a return on equity of 15.75% and a net margin of 4.17%. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. Equities analysts predict that Altra Industrial Motion Corp. will post $1.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Monday, December 19th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $0.60 annualized dividend and a yield of 1.69%. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is presently 53.10%.

Several research firms have recently weighed in on AIMC. TheStreet upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, November 9th. Stephens upgraded Altra Industrial Motion Corp. from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 24th. Finally, Zacks Investment Research cut Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, August 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $29.00.

In other Altra Industrial Motion Corp. news, VP Gerald P. Ferris sold 5,000 shares of the stock in a transaction on Monday, October 24th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the sale, the vice president now owns 58,011 shares of the company’s stock, valued at approximately $1,740,330. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Glenn E. Deegan sold 2,500 shares of the firm’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $29.01, for a total value of $72,525.00. Following the completion of the sale, the vice president now directly owns 36,334 shares of the company’s stock, valued at approximately $1,054,049.34. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.

About Altra Industrial Motion Corp.

Related posts

Leave a Comment