TheStreet cut shares of Altra Industrial Motion (NASDAQ:AIMC) from a b- rating to a c+ rating in a report published on Monday, TheStreetRatingsTable reports.

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Altra Industrial Motion from a strong sell rating to a hold rating in a report on Tuesday, April 23rd. ValuEngine cut shares of Altra Industrial Motion from a sell rating to a strong sell rating in a research note on Friday, July 26th. KeyCorp dropped their price objective on shares of Altra Industrial Motion from $49.00 to $45.00 and set an overweight rating on the stock in a research note on Friday, July 26th. Robert W. Baird set a $46.00 price objective on shares of Altra Industrial Motion and gave the stock a buy rating in a research note on Friday, July 26th. Finally, BidaskClub cut shares of Altra Industrial Motion from a hold rating to a sell rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Altra Industrial Motion has a consensus rating of Hold and a consensus target price of $47.20.

Shares of NASDAQ:AIMC opened at $23.98 on Monday. Altra Industrial Motion has a twelve month low of $23.52 and a twelve month high of $44.05. The company’s 50 day moving average is $30.92 and its 200 day moving average is $32.62. The company has a current ratio of 2.12, a quick ratio of 1.41 and a debt-to-equity ratio of 0.89. The company has a market cap of $1.59 billion, a PE ratio of 8.38 and a beta of 1.94.

Altra Industrial Motion (NASDAQ:AIMC) last issued its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). Altra Industrial Motion had a return on equity of 10.50% and a net margin of 4.34%. The business had revenue of $466.50 million during the quarter, compared to analyst estimates of $488.01 million. During the same quarter last year, the company posted $0.71 EPS. Altra Industrial Motion’s quarterly revenue was up 96.6% compared to the same quarter last year. Equities research analysts predict that Altra Industrial Motion will post 2.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 18th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.84%. Altra Industrial Motion’s payout ratio is 23.78%.

In other news, Director Larry Mcpherson sold 9,922 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $25.40, for a total transaction of $252,018.80. Following the sale, the director now owns 9,608 shares of the company’s stock, valued at approximately $244,043.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Systematic Financial Management LP purchased a new position in shares of Altra Industrial Motion during the 2nd quarter valued at approximately $17,662,000. Redmond Asset Management LLC purchased a new position in shares of Altra Industrial Motion during the 2nd quarter valued at approximately $1,239,000. Rothschild & Co. Asset Management US Inc. purchased a new position in shares of Altra Industrial Motion during the 2nd quarter valued at approximately $34,320,000. Diversified Trust Co purchased a new position in shares of Altra Industrial Motion during the 2nd quarter valued at approximately $325,000. Finally, BNP Paribas Arbitrage SA purchased a new position in shares of Altra Industrial Motion during the 2nd quarter valued at approximately $1,765,000.

About Altra Industrial Motion

Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies and Automation & Specialty.

Further Reading: Special Dividends

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