Altra Industrial Motion Corp. (AIMC) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC grew its stake in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) by 34.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 75,219 shares of the industrial products company’s stock after buying an additional 19,137 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.26% of Altra Industrial Motion Corp. worth $2,994,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AIMC. Great West Life Assurance Co. Can raised its position in shares of Altra Industrial Motion Corp. by 191.6% during the second quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock valued at $176,000 after buying an additional 2,926 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Altra Industrial Motion Corp. by 848.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 4,156 shares in the last quarter. Stifel Financial Corp acquired a new position in Altra Industrial Motion Corp. in the first quarter worth about $226,000. Karp Capital Management Corp acquired a new position in Altra Industrial Motion Corp. in the first quarter worth about $247,000. Finally, Legal & General Group Plc raised its position in Altra Industrial Motion Corp. by 10.7% in the second quarter. Legal & General Group Plc now owns 6,799 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 659 shares in the last quarter. 98.56% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Carl R. Christenson sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the transaction, the chairman now directly owns 98,805 shares in the company, valued at $4,545,030. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Carl R. Christenson sold 8,323 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $47.00, for a total value of $391,181.00. Following the transaction, the chief executive officer now owns 98,805 shares of the company’s stock, valued at $4,643,835. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,889 shares of company stock valued at $3,778,957. Insiders own 3.20% of the company’s stock.

Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at $47.75 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.57 and a debt-to-equity ratio of 0.77. The company has a market cap of $1.41 billion, a P/E ratio of 24.20 and a beta of 1.67.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $214.60 million during the quarter, compared to the consensus estimate of $210.79 million. Altra Industrial Motion Corp. had a return on equity of 16.30% and a net margin of 4.92%. The business’s revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. equities analysts anticipate that Altra Industrial Motion Corp. will post 2.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 18th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. Altra Industrial Motion Corp.’s dividend payout ratio is presently 48.23%.

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Several research analysts recently issued reports on AIMC shares. ValuEngine lowered shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Thursday, October 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $53.00 price objective on shares of Altra Industrial Motion Corp. in a report on Wednesday, September 6th. Robert W. Baird reaffirmed a “neutral” rating on shares of Altra Industrial Motion Corp. in a report on Monday, October 23rd. Finally, Sidoti lowered shares of Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. 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 two have assigned a buy rating to the stock. Altra Industrial Motion Corp. presently has an average rating of “Hold” and a consensus target price of $49.20.

About Altra Industrial Motion Corp.

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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