Altra Industrial Motion Corp. (AIMC) Stake Maintained by Lazard Asset Management LLC

Lazard Asset Management LLC

recently disclosed that they own 0.1% of Altra Industrial Motion Corp. (NASDAQ:AIMC) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Tuesday, October 10th. The investor owns 27,561 shares of the stock worth $1,288,477. The disclosure is available through EDGAR at this hyperlink.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Altra Industrial Motion Corp. by 9.3% in the 2nd 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. JPMorgan Chase & Co. grew its stake in Altra Industrial Motion Corp. by 1.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,749,808 shares of the industrial products company’s stock valued at $69,642,000 after acquiring an additional 23,428 shares during the last quarter. Earnest Partners LLC grew its stake in Altra Industrial Motion Corp. by 0.7% in the 2nd 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 grew its stake in Altra Industrial Motion Corp. by 1.4% in the 2nd 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. grew its stake in Altra Industrial Motion Corp. by 3.2% in the 2nd 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. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

Altra Industrial Motion Corp. (AIMC) traded up 0.64% on Tuesday, reaching $47.05. 36,815 shares of the company’s stock were exchanged. Altra Industrial Motion Corp. has a 1-year low of $27.35 and a 1-year high of $49.60. The firm’s 50 day moving average is $46.61 and its 200 day moving average is $42.57. The stock has a market capitalization of $1.38 billion, a P/E ratio of 39.34 and a beta of 1.67.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.07. The firm had revenue of $223.35 million for the quarter, compared to analysts’ expectations of $219.15 million. Altra Industrial Motion Corp. had a return on equity of 16.50% and a net margin of 4.17%. Altra Industrial Motion Corp.’s revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. Analysts expect that Altra Industrial Motion Corp. will post $2.04 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Monday, September 18th were paid a $0.17 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a yield of 1.45%. Altra Industrial Motion Corp.’s dividend payout ratio is currently 59.13%.

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AIMC has been the topic of a number of research reports. ValuEngine cut shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research cut shares of Altra Industrial Motion Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BMO Capital Markets reissued a “buy” rating and issued a $53.00 price objective on shares of Altra Industrial Motion Corp. in a research note on Thursday, July 27th. Robert W. Baird restated a “hold” rating and issued a $48.00 target price on shares of Altra Industrial Motion Corp. in a report on Wednesday, October 4th. Finally, BidaskClub lowered shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.20.

In related news, Director Lyle G. Ganske sold 10,000 shares of Altra Industrial Motion Corp. stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $45.30, for a total value of $453,000.00. Following the transaction, the director now owns 11,493 shares of the company’s stock, valued at approximately $520,632.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gerald P. Ferris sold 15,000 shares of Altra Industrial Motion Corp. stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $44.50, for a total value of $667,500.00. Following the completion of the transaction, the vice president now directly owns 16,722 shares in the company, valued at approximately $744,129. The disclosure for this sale can be found here. Insiders sold a total of 64,104 shares of company stock worth $2,934,408 in the last three months. 3.20% of the stock is currently owned by company insiders.

Altra Industrial Motion Corp. 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 Corp. (NASDAQ:AIMC)

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