Media stories about Altra Industrial Motion (NASDAQ:AIMC) have been trending somewhat positive on Saturday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Altra Industrial Motion earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 47.7350006975844 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

Shares of AIMC traded up $0.70 during trading on Friday, reaching $41.55. The company’s stock had a trading volume of 283,538 shares, compared to its average volume of 152,625. Altra Industrial Motion has a twelve month low of $39.65 and a twelve month high of $53.70. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 20.27 and a beta of 1.74. The company has a quick ratio of 1.50, a current ratio of 2.58 and a debt-to-equity ratio of 0.63.

Altra Industrial Motion (NASDAQ:AIMC) last announced its earnings results on Thursday, July 26th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. Altra Industrial Motion had a return on equity of 16.87% and a net margin of 5.87%. The company had revenue of $237.32 million for the quarter, compared to analyst estimates of $239.02 million. During the same period in the prior year, the company posted $0.57 EPS. Altra Industrial Motion’s quarterly revenue was up 6.3% on a year-over-year basis. equities analysts expect that Altra Industrial Motion will post 2.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Monday, September 17th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, September 14th. Altra Industrial Motion’s payout ratio is 33.17%.

AIMC has been the subject of a number of analyst reports. ValuEngine cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Monday, April 23rd. Zacks Investment Research upgraded Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, April 24th. Finally, BidaskClub cut Altra Industrial Motion from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $52.80.

In other Altra Industrial Motion news, VP Todd Patriacca sold 3,300 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $46.00, for a total value of $151,800.00. Following the transaction, the vice president now directly owns 22,590 shares of the company’s stock, valued at approximately $1,039,140. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Altra Industrial Motion Company Profile

Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, oil and gas, power generation, material handling, medical, metals, mining, and mobile off-highway markets; and heavy duty clutches and brakes under the Wichita Clutch, Twiflex, Industrial Clutch, Svendborg Brakes, and Stromag brands for use in metal forming, oil and gas drilling platforms, mining, material handling, marine, and wind turbine applications.

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Insider Buying and Selling by Quarter for Altra Industrial Motion (NASDAQ:AIMC)

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