361 Capital LLC purchased a new stake in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 46,901 shares of the industrial products company’s stock, valued at approximately $2,256,000. 361 Capital LLC owned about 0.16% of Altra Industrial Motion Corp. as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Altra Industrial Motion Corp. by 9.3% during 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 buying an additional 189,048 shares during the last quarter. JPMorgan Chase & Co. increased its position in Altra Industrial Motion Corp. by 1.4% during 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 purchasing an additional 23,428 shares during the period. Victory Capital Management Inc. increased its position in Altra Industrial Motion Corp. by 28.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,579,701 shares of the industrial products company’s stock valued at $75,984,000 after purchasing an additional 348,393 shares during the period. Earnest Partners LLC increased its position in Altra Industrial Motion Corp. by 0.7% during 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 purchasing an additional 11,531 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Altra Industrial Motion Corp. by 1.4% during 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 purchasing an additional 17,428 shares during the period. Institutional investors own 99.26% of the company’s stock.

In other Altra Industrial Motion Corp. news, VP Gerald P. Ferris sold 15,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $44.50, for a total transaction of $667,500.00. Following the transaction, the vice president now owns 16,722 shares in the company, valued at approximately $744,129. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carl R. Christenson sold 1,601 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $47.00, for a total transaction of $75,247.00. Following the transaction, the chief executive officer now owns 98,805 shares in the company, valued at approximately $4,643,835. The disclosure for this sale can be found here. Insiders have sold a total of 79,064 shares of company stock worth $3,699,807 over the last three months. 3.20% of the stock is currently owned by insiders.

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Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) traded up $1.55 during mid-day trading on Friday, reaching $47.65. 98,300 shares of the company traded hands, compared to its average volume of 147,559. Altra Industrial Motion Corp. has a one year low of $34.20 and a one year high of $50.00. The stock has a market cap of $1,349.59, a P/E ratio of 23.17 and a beta of 1.67. 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 Corp. (NASDAQ:AIMC) last announced its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Altra Industrial Motion Corp. had a net margin of 4.92% and a return on equity of 16.30%. The company had revenue of $214.60 million for the quarter, compared to the consensus estimate of $210.79 million. During the same period in the prior year, the firm posted $0.35 EPS. Altra Industrial Motion Corp.’s revenue for the quarter was up 24.0% on a year-over-year basis. analysts anticipate that Altra Industrial Motion Corp. will post 2.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 18th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, December 15th. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is 48.23%.

AIMC has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “buy” rating and set a $53.00 price objective on shares of Altra Industrial Motion Corp. in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a research report on Thursday, July 27th. ValuEngine raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and set a $48.00 price objective on shares of Altra Industrial Motion Corp. in a research report on Wednesday, October 4th. Finally, Sidoti downgraded shares of Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 price objective on the stock. in a research 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. Altra Industrial Motion Corp. currently has an average rating of “Hold” and an average target price of $49.20.

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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