Equities Analysts Issue Forecasts for Altra Industrial Motion Corp’s FY2018 Earnings (AIMC)

Altra Industrial Motion Corp (NASDAQ:AIMC) – Analysts at KeyCorp increased their FY2018 EPS estimates for Altra Industrial Motion in a research report issued to clients and investors on Thursday. KeyCorp analyst J. Hammond now forecasts that the industrial products company will post earnings per share of $2.50 for the year, up from their prior estimate of $2.30.

A number of other brokerages have also commented on AIMC. Zacks Investment Research upgraded shares of Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday. BidaskClub raised shares of Altra Industrial Motion from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. ValuEngine downgraded shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Sidoti downgraded shares of 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. Finally, Robert W. Baird reissued a “hold” rating and issued a $48.00 price objective on shares of Altra Industrial Motion in a report on Wednesday, October 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.80.

Shares of Altra Industrial Motion (AIMC) traded down $0.40 on Monday, reaching $52.90. 73,500 shares of the company were exchanged, compared to its average volume of 110,987. Altra Industrial Motion has a twelve month low of $35.20 and a twelve month high of $53.70. The firm has a market cap of $1,560.38, a price-to-earnings ratio of 37.52 and a beta of 1.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.57 and a current ratio of 2.69.

In other Altra Industrial Motion news, Director Lipscomb S. Michael sold 25,000 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $48.34, for a total value of $1,208,500.00. Following the completion of the sale, the director now owns 15,848 shares of the company’s stock, valued at approximately $766,092.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Craig Schuele sold 3,315 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $50.00, for a total transaction of $165,750.00. Following the sale, the vice president now directly owns 67,886 shares of the company’s stock, valued at approximately $3,394,300. The disclosure for this sale can be found here. Insiders sold a total of 28,415 shares of company stock valued at $1,379,049 in the last three months. Insiders own 3.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Altra Industrial Motion by 5.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 185,287 shares of the industrial products company’s stock worth $9,339,000 after acquiring an additional 9,729 shares during the period. Wasatch Advisors Inc. increased its position in Altra Industrial Motion by 72.1% during the 4th quarter. Wasatch Advisors Inc. now owns 1,683,489 shares of the industrial products company’s stock worth $84,848,000 after purchasing an additional 705,534 shares in the last quarter. Sheets Smith Wealth Management acquired a new position in Altra Industrial Motion during the 4th quarter worth approximately $327,000. California Public Employees Retirement System increased its position in Altra Industrial Motion by 3.3% during the 3rd quarter. California Public Employees Retirement System now owns 54,442 shares of the industrial products company’s stock worth $2,619,000 after purchasing an additional 1,742 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Altra Industrial Motion during the 3rd quarter worth approximately $384,000.

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About Altra Industrial Motion

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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