Altra Industrial Motion (AIMC) Receiving Somewhat Positive Media Coverage, Study Shows

News coverage about Altra Industrial Motion (NASDAQ:AIMC) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altra Industrial Motion earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.1098994727333 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Several research firms have recently commented on AIMC. ValuEngine downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub upgraded Altra Industrial Motion from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Zacks Investment Research downgraded Altra Industrial Motion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. Robert W. Baird restated a “neutral” rating on shares of Altra Industrial Motion in a report on Monday, October 23rd. Finally, Sidoti downgraded Altra Industrial Motion from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a report on Wednesday, October 4th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $49.20.

Shares of Altra Industrial Motion (NASDAQ AIMC) opened at $49.75 on Wednesday. The company has a market capitalization of $1,460.00, a P/E ratio of 35.28 and a beta of 1.67. Altra Industrial Motion has a 1-year low of $35.20 and a 1-year high of $51.30. The company has a current ratio of 2.69, a quick ratio of 1.57 and a debt-to-equity ratio of 0.77.

Altra Industrial Motion (NASDAQ:AIMC) last released its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $214.60 million during the quarter, compared to the consensus estimate of $210.79 million. Altra Industrial Motion had a return on equity of 14.16% and a net margin of 6.19%. The company’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. sell-side analysts expect that Altra Industrial Motion will post 2.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Monday, December 18th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. Altra Industrial Motion’s dividend payout ratio is 48.23%.

In related news, VP Craig Schuele sold 1,685 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $50.00, for a total transaction of $84,250.00. Following the completion of the sale, the vice president now owns 71,201 shares in the company, valued at $3,560,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lipscomb S. Michael sold 25,000 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $48.34, for a total value of $1,208,500.00. Following the sale, the director now owns 15,848 shares of the company’s stock, valued at approximately $766,092.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,100 shares of company stock valued at $1,463,299. Corporate insiders own 3.20% of the company’s stock.

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Altra Industrial Motion Company 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.

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

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