Trade Report: Today, 15,000 Shares of Altra Industrial Motion Corp. (AIMC) Stock are sold by Gerald P. Ferris

Today, 15,000 Shares of Altra Industrial Motion Corp. (AIMC) Stock are sold by Gerald P. Ferris

Altra Industrial Motion Corp. (NASDAQ:AIMC) VP Gerald P. Ferris sold 15,000 shares of the firm’s stock in a transaction on Friday, November 25th. The stock was sold at an average price of $35.40, for a total transaction of $531,000.00. Following the transaction, the vice president now directly owns 46,183 shares of the company’s stock, valued at approximately $1,634,878.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Altra Industrial Motion Corp. (NASDAQ:AIMC) traded down 1.13% on Monday, reaching $35.05. 79,503 shares of the company’s stock were exchanged. Altra Industrial Motion Corp. has a 1-year low of $20.55 and a 1-year high of $35.85. The firm has a 50-day moving average price of $31.13 and a 200-day moving average price of $28.77. The company has a market capitalization of $907.23 million, a P/E ratio of 30.50 and a beta of 1.36.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued 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. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 15.75%. The business earned $173.10 million during the quarter, compared to analysts’ expectations of $175.10 million. During the same quarter in the prior year, the business posted $0.43 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. Equities research analysts expect that Altra Industrial Motion Corp. will post $1.49 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Emerald Acquisition Ltd. bought a new position in shares of Altra Industrial Motion Corp. during the second quarter valued at about $1,745,000. Aristotle Capital Boston LLC boosted its position in shares of Altra Industrial Motion Corp. by 3.2% in the second quarter. Aristotle Capital Boston LLC now owns 163,371 shares of the company’s stock valued at $4,408,000 after buying an additional 5,090 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of 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 during the last quarter. I.G. Investment Management LTD. boosted its position in shares of Altra Industrial Motion Corp. by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 37,647 shares of the company’s stock valued at $1,016,000 after buying an additional 694 shares during the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of Altra Industrial Motion Corp. during the second quarter valued at about $460,000.

Several research analysts recently issued reports on AIMC shares. TheStreet raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. Zacks Investment Research raised shares of Altra Industrial Motion Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. Finally, Stephens raised shares of Altra Industrial Motion Corp. from an “equal weight” rating to an “overweight” rating in a report on Monday, October 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Altra Industrial Motion Corp. presently has a consensus rating of “Buy” and a consensus price target of $29.00.

About Altra Industrial Motion Corp.

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