Altra Industrial Motion (NASDAQ:AIMC) Earning Somewhat Favorable Media Coverage, Study Finds

Media coverage about Altra Industrial Motion (NASDAQ:AIMC) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altra Industrial Motion earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.1098994727333 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Altra Industrial Motion (NASDAQ:AIMC) opened at $51.35 on Wednesday. The firm has a market cap of $1,509.15, a price-to-earnings ratio of 36.42 and a beta of 1.67. Altra Industrial Motion has a 1-year low of $35.20 and a 1-year high of $52.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.69 and a quick ratio of 1.57.

Altra Industrial Motion (NASDAQ:AIMC) last released its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $214.60 million for the quarter, compared to analysts’ expectations of $210.79 million. Altra Industrial Motion had a net margin of 4.92% and a return on equity of 16.30%. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. research analysts expect that Altra Industrial Motion will post 2.05 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Monday, December 18th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. Altra Industrial Motion’s payout ratio is currently 48.23%.

AIMC has been the topic of a number of analyst reports. ValuEngine cut shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Zacks Investment Research raised shares of Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Thursday, October 5th. BidaskClub raised shares of Altra Industrial Motion from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Robert W. Baird reissued a “neutral” rating on shares of Altra Industrial Motion in a report on Monday, October 23rd. Finally, Sidoti cut shares of Altra Industrial Motion from a “buy” rating to a “neutral” rating and set a $53.00 target price on the stock. in a report on Wednesday, October 4th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.20.

In other news, VP Craig Schuele sold 3,315 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $50.00, for a total value of $165,750.00. Following the transaction, the vice president now owns 67,886 shares of the company’s stock, valued at $3,394,300. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 transaction of $1,208,500.00. Following the completion of the transaction, the director now directly owns 15,848 shares in the company, valued at approximately $766,092.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,415 shares of company stock worth $1,379,049. Insiders own 3.20% of the company’s stock.

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About Altra Industrial Motion

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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