News stories about Altra Industrial Motion Corp. (NASDAQ:AIMC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. 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 Corp. earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 47.8056469281595 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- 5 Stocks Near 52-Week High to Scoop Up Right Away (finance.yahoo.com)
- Altra Industrial Motion Corp. (AIMC) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Altra Industrial Poised to Benefit from Solid Prospects (finance.yahoo.com)
- Altra Industrial Motion Corp. (NASDAQ:AIMC) Expected to Announce Quarterly Sales of $211.02 Million (americanbankingnews.com)
A number of analysts recently commented on the company. Zacks Investment Research cut Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub lowered Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. BMO Capital Markets boosted their price target on Altra Industrial Motion Corp. from $46.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, May 1st. TheStreet raised Altra Industrial Motion Corp. from a “c+” rating to a “b” rating in a report on Friday, April 28th. Finally, Jefferies Group LLC boosted their price target on Altra Industrial Motion Corp. from $38.00 to $40.00 and gave the company a “hold” rating in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $47.33.
Altra Industrial Motion Corp. (NASDAQ AIMC) traded down 0.91% during trading on Friday, hitting $43.45. The stock had a trading volume of 201,702 shares. The firm’s 50-day moving average price is $42.07 and its 200-day moving average price is $40.61. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 36.33 and a beta of 1.67. Altra Industrial Motion Corp. has a 52-week low of $26.24 and a 52-week high of $46.90.
Altra Industrial Motion Corp. (NASDAQ:AIMC) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.07. Altra Industrial Motion Corp. had a return on equity of 16.50% and a net margin of 4.17%. The firm had revenue of $223.35 million for the quarter, compared to analysts’ expectations of $219.15 million. During the same period last year, the firm earned $0.42 EPS. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Analysts predict that Altra Industrial Motion Corp. will post $2.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 18th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, September 15th. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is presently 59.13%.
In other news, Director Lyle G. Ganske sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.30, for a total transaction of $453,000.00. Following the sale, the director now directly owns 11,493 shares in the company, valued at approximately $520,632.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is owned by company insiders.
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Altra Industrial Motion Corp. Company 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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