Altra Industrial Motion (AIMC) Receives Coverage Optimism Rating of 0.07

Media headlines about Altra Industrial Motion (NASDAQ:AIMC) have trended somewhat positive on Thursday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altra Industrial Motion earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.5562063516328 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several equities research analysts have recently weighed in on AIMC shares. Zacks Investment Research raised Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Thursday, October 5th. ValuEngine downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BMO Capital Markets reissued a “buy” rating and issued a $53.00 price objective on shares of Altra Industrial Motion in a report on Wednesday, September 6th. Robert W. Baird reissued 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 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 issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $49.20.

Shares of Altra Industrial Motion (AIMC) opened at $47.85 on Thursday. The firm has a market capitalization of $1,415.46, a P/E ratio of 24.30 and a beta of 1.66. Altra Industrial Motion has a fifty-two week low of $34.80 and a fifty-two week high of $50.00. The company has a quick ratio of 1.57, a current ratio of 2.69 and a debt-to-equity ratio of 0.77.

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

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

In other news, Chairman Carl R. Christenson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $47.00, for a total transaction of $470,000.00. Following the completion of the sale, the chairman now owns 98,805 shares in the company, valued at $4,643,835. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lipscomb S. Michael sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $48.34, for a total value of $1,208,500.00. Following 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. Insiders have sold 46,709 shares of company stock valued at $2,233,977 in the last 90 days. Company insiders own 3.20% of the company’s stock.

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Altra Industrial Motion 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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