Altra Industrial Motion Corp. (AIMC) Position Decreased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its holdings in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) by 35.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,148 shares of the industrial products company’s stock after selling 5,610 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Altra Industrial Motion Corp. were worth $404,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Stifel Financial Corp increased its holdings in shares of Altra Industrial Motion Corp. by 2.5% during the 2nd quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock worth $237,000 after acquiring an additional 148 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Altra Industrial Motion Corp. by 1.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,684 shares of the industrial products company’s stock worth $1,181,000 after acquiring an additional 293 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Altra Industrial Motion Corp. by 10.7% during the 2nd quarter. Legal & General Group Plc now owns 6,799 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 659 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Altra Industrial Motion Corp. by 3.0% during the 2nd quarter. Sei Investments Co. now owns 23,737 shares of the industrial products company’s stock worth $945,000 after acquiring an additional 700 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Altra Industrial Motion Corp. by 5.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,961 shares of the industrial products company’s stock worth $595,000 after acquiring an additional 804 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors and hedge funds.

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AIMC has been the topic of a number of recent analyst reports. Zacks Investment Research raised Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Thursday, October 5th. BMO Capital Markets reissued a “buy” rating and set a $53.00 target price on shares of Altra Industrial Motion Corp. in a report on Wednesday, September 6th. ValuEngine raised Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and set a $48.00 target price on shares of Altra Industrial Motion Corp. in a report on Wednesday, October 4th. Finally, Sidoti lowered Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 target price on the stock. in a report on Wednesday, October 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.20.

In other Altra Industrial Motion Corp. news, CEO Carl R. Christenson sold 1,601 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $47.00, for a total value of $75,247.00. Following the completion of the sale, the chief executive officer now directly owns 98,805 shares of the company’s stock, valued at $4,643,835. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Carl R. Christenson sold 10,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $47.00, for a total value of $470,000.00. Following the completion of the sale, the chairman now directly owns 98,805 shares of the company’s stock, valued at $4,643,835. The disclosure for this sale can be found here. Insiders sold 64,104 shares of company stock valued at $2,934,408 over the last three months. Company insiders own 3.20% of the company’s stock.

Shares of Altra Industrial Motion Corp. (AIMC) opened at 47.90 on Friday. The company has a 50-day moving average price of $46.83 and a 200 day moving average price of $42.70. Altra Industrial Motion Corp. has a 1-year low of $27.35 and a 1-year high of $49.60. The company has a market capitalization of $1.40 billion, a P/E ratio of 40.05 and a beta of 1.67.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping 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 business had revenue of $223.35 million during the quarter, compared to the consensus estimate of $219.15 million. During the same period last year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities research analysts anticipate that Altra Industrial Motion Corp. will post $2.04 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Monday, September 18th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Friday, September 15th. Altra Industrial Motion Corp.’s dividend payout ratio is currently 59.13%.

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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Institutional Ownership by Quarter for Altra Industrial Motion Corp. (NASDAQ:AIMC)

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