Wasatch Advisors Inc. increased its holdings in shares of Altra Industrial Motion Corp (NASDAQ:AIMC) by 72.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,683,489 shares of the industrial products company’s stock after buying an additional 705,534 shares during the quarter. Wasatch Advisors Inc. owned about 5.75% of Altra Industrial Motion worth $84,848,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its position in Altra Industrial Motion by 23.5% during the second quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock worth $100,000 after buying an additional 479 shares during the period. BNP Paribas Arbitrage SA lifted its position in Altra Industrial Motion by 848.2% during the second quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock worth $185,000 after buying an additional 4,156 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Altra Industrial Motion during the third quarter worth about $203,000. Simplex Trading LLC lifted its position in Altra Industrial Motion by 244.6% during the third quarter. Simplex Trading LLC now owns 4,935 shares of the industrial products company’s stock worth $237,000 after buying an additional 3,503 shares during the period. Finally, Stifel Financial Corp lifted its position in Altra Industrial Motion by 2.5% during the second quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock worth $237,000 after buying an additional 148 shares during the period. Hedge funds and other institutional investors own 99.22% of the company’s stock.
Altra Industrial Motion Corp (AIMC) traded down $0.20 during trading on Tuesday, hitting $51.35. The stock had a trading volume of 107,916 shares, compared to its average volume of 107,600. The stock has a market cap of $1,530.00, a P/E ratio of 36.42 and a beta of 1.67. 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 Corp has a 52 week low of $35.20 and a 52 week high of $52.35.
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, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $214.60 million for the quarter, compared to the consensus estimate of $210.79 million. Altra Industrial Motion had a return on equity of 16.30% and a net margin of 4.92%. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. analysts expect that Altra Industrial Motion Corp will post 2.05 EPS for the current fiscal 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 $0.17 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.32%. Altra Industrial Motion’s dividend payout ratio (DPR) is 48.23%.
In other news, VP Craig Schuele sold 1,685 shares of the stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $50.00, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lipscomb S. Michael sold 25,000 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $48.34, for a total value of $1,208,500.00. Following the completion of 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. Over the last 90 days, insiders sold 30,100 shares of company stock worth $1,463,299. Company insiders own 3.20% of the company’s stock.
AIMC has been the topic of several recent analyst reports. ValuEngine downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Zacks Investment Research upgraded Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Thursday, October 5th. BidaskClub upgraded Altra Industrial Motion from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. 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 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 issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.20.
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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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