JPMorgan Chase & Co. decreased its holdings in shares of Altra Industrial Motion Corp (NASDAQ:AIMC) by 16.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,466,470 shares of the industrial products company’s stock after selling 283,338 shares during the period. JPMorgan Chase & Co. owned about 5.01% of Altra Industrial Motion worth $71,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AIMC. Vanguard Group Inc. raised its stake in shares of Altra Industrial Motion by 9.3% in the second quarter. Vanguard Group Inc. now owns 2,229,616 shares of the industrial products company’s stock valued at $88,739,000 after acquiring an additional 189,048 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Altra Industrial Motion by 28.3% in the third quarter. Victory Capital Management Inc. now owns 1,579,701 shares of the industrial products company’s stock valued at $75,984,000 after acquiring an additional 348,393 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Altra Industrial Motion by 0.7% in the second quarter. Earnest Partners LLC now owns 1,558,545 shares of the industrial products company’s stock valued at $62,030,000 after acquiring an additional 11,531 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Altra Industrial Motion by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,301,192 shares of the industrial products company’s stock valued at $51,787,000 after acquiring an additional 17,428 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Altra Industrial Motion by 3.2% in the second quarter. Macquarie Group Ltd. now owns 1,240,699 shares of the industrial products company’s stock valued at $49,380,000 after acquiring an additional 38,123 shares during the last quarter. Hedge funds and other institutional investors own 99.25% of the company’s stock.

Altra Industrial Motion Corp (NASDAQ:AIMC) opened at $47.85 on Thursday. The company has a quick ratio of 1.57, a current ratio of 2.69 and a debt-to-equity ratio of 0.77. Altra Industrial Motion Corp has a 1 year low of $34.80 and a 1 year high of $50.00. The firm has a market cap of $1,415.46, a P/E ratio of 24.30 and a beta of 1.66.

Altra Industrial Motion (NASDAQ:AIMC) last posted its quarterly earnings data 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. Altra Industrial Motion had a net margin of 4.92% and a return on equity of 16.30%. The firm had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $210.79 million. During the same quarter in the previous year, the company posted $0.35 EPS. Altra Industrial Motion’s revenue was up 24.0% on a year-over-year basis. analysts expect that Altra Industrial Motion Corp will post 2.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 18th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Friday, December 15th. Altra Industrial Motion’s dividend payout ratio (DPR) is presently 48.23%.

In related news, CEO Carl R. Christenson sold 8,323 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $47.00, for a total value of $391,181.00. Following the completion of the transaction, the chief executive officer now owns 98,805 shares in the company, valued at approximately $4,643,835. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Craig Schuele sold 1,685 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 71,201 shares of the company’s stock, valued at approximately $3,560,050. The disclosure for this sale can be found here. Insiders sold a total of 46,709 shares of company stock valued at $2,233,977 in the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

A number of research analysts have recently issued reports on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $53.00 target price on shares of Altra Industrial Motion in a research note on Wednesday, September 6th. ValuEngine upgraded shares of Altra Industrial Motion from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Sidoti cut shares of Altra Industrial Motion from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Thursday, October 5th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $48.00 target price on shares of Altra Industrial Motion in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $49.20.

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Altra Industrial Motion 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.

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Institutional Ownership by Quarter for Altra Industrial Motion (NASDAQ:AIMC)

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