Altra Industrial Motion Corp (NASDAQ:AIMC) has been given an average recommendation of “Hold” by the eight analysts that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $48.67.

AIMC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Friday, December 15th. ValuEngine cut shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub upgraded shares of Altra Industrial Motion from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Finally, Robert W. Baird reiterated a “neutral” rating on shares of Altra Industrial Motion in a research note on Monday, October 23rd.

Shares of Altra Industrial Motion (NASDAQ AIMC) traded down $0.20 during mid-day trading on Tuesday, hitting $46.00. 256,822 shares of the company were exchanged, compared to its average volume of 113,817. The company has a quick ratio of 1.57, a current ratio of 2.69 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $1,346.65, a PE ratio of 32.62 and a beta of 1.61. Altra Industrial Motion has a 52-week low of $35.20 and a 52-week high of $53.70.

In related news, VP Craig Schuele sold 3,315 shares of Altra Industrial Motion stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 67,886 shares in the company, valued at $3,394,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of AIMC. Wasatch Advisors Inc. lifted its stake in Altra Industrial Motion by 72.1% in the fourth quarter. Wasatch Advisors Inc. now owns 1,683,489 shares of the industrial products company’s stock worth $84,848,000 after acquiring an additional 705,534 shares during the last quarter. Victory Capital Management Inc. lifted its stake in 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 worth $75,984,000 after acquiring an additional 348,393 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Altra Industrial Motion by 9.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,229,616 shares of the industrial products company’s stock worth $88,739,000 after buying an additional 189,048 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of Altra Industrial Motion by 101.4% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 286,049 shares of the industrial products company’s stock worth $13,759,000 after buying an additional 144,049 shares during the last quarter. Finally, Castleark Management LLC purchased a new stake in shares of Altra Industrial Motion during the 2nd quarter worth approximately $5,383,000.

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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.

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