Lipscomb S. Michael Sells 25,000 Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) Stock

Altra Industrial Motion Corp. (NASDAQ:AIMC) Director Lipscomb S. Michael sold 25,000 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $48.34, for a total transaction of $1,208,500.00. Following the completion of the sale, the director now owns 15,848 shares in the company, valued at approximately $766,092.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Altra Industrial Motion Corp. (NASDAQ AIMC) opened at $46.60 on Wednesday. The firm has a market cap of $1,362.77, a P/E ratio of 23.39 and a beta of 1.67. Altra Industrial Motion Corp. has a 52-week low of $34.20 and a 52-week high of $50.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.57 and a current ratio of 2.69.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $214.60 million during the quarter, compared to the consensus estimate of $210.79 million. Altra Industrial Motion Corp. had a net margin of 4.92% and a return on equity of 16.30%. Altra Industrial Motion Corp.’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. sell-side analysts anticipate that Altra Industrial Motion Corp. will post 2.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 18th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, December 15th. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is presently 48.23%.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its holdings in Altra Industrial Motion Corp. by 23.5% in the 2nd 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. Envestnet Asset Management Inc. lifted its stake in Altra Industrial Motion Corp. by 44.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,268 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 1,010 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Altra Industrial Motion Corp. by 191.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 2,926 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Altra Industrial Motion Corp. by 848.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 4,156 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Altra Industrial Motion Corp. in the 3rd quarter worth approximately $203,000. 99.26% of the stock is owned by institutional investors.

AIMC has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Altra Industrial Motion Corp. in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a research report on Thursday, July 27th. ValuEngine raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $48.00 price objective on shares of Altra Industrial Motion Corp. in a research report on Wednesday, October 4th. Finally, Sidoti downgraded shares of Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a research report on Wednesday, October 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Altra Industrial Motion Corp. has an average rating of “Hold” and a consensus target price of $49.20.

About Altra Industrial Motion Corp.

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.

Insider Buying and Selling by Quarter for Altra Industrial Motion Corp. (NASDAQ:AIMC)

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