Altra Industrial Motion (AIMC) Given Media Impact Rating of 0.07
News coverage about Altra Industrial Motion (NASDAQ:AIMC) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altra Industrial Motion earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 45.6581919257532 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of equities analysts recently commented on AIMC shares. Zacks Investment Research raised shares of Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Thursday, October 5th. ValuEngine lowered shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $53.00 price target on shares of Altra Industrial Motion in a research report on Wednesday, September 6th. Robert W. Baird reiterated a “neutral” rating on shares of Altra Industrial Motion in a research note on Monday, October 23rd. Finally, Sidoti downgraded shares of Altra Industrial Motion from a “buy” rating to a “neutral” rating and set a $53.00 price objective on the stock. in a research note on Wednesday, October 4th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $49.20.
Shares of Altra Industrial Motion (NASDAQ:AIMC) opened at $47.35 on Monday. The stock has a market cap of $1,386.17, a PE ratio of 23.79 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. Altra Industrial Motion has a one year low of $34.20 and a one year high of $50.00.
Altra Industrial Motion (NASDAQ:AIMC) last announced its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The firm had revenue of $214.60 million for the quarter, compared to the consensus estimate of $210.79 million. Altra Industrial Motion had a net margin of 4.92% and a return on equity of 16.30%. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. equities analysts predict that Altra Industrial Motion will post 2.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 18th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.68 dividend on an annualized basis and a yield of 1.44%. Altra Industrial Motion’s payout ratio is 48.23%.
In other news, Director Lipscomb S. Michael sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 15,848 shares in the company, valued at approximately $766,092.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Carl R. Christenson sold 1,601 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $47.00, for a total transaction of $75,247.00. Following the completion of the sale, the chief executive officer now owns 98,805 shares in the company, valued at $4,643,835. The disclosure for this sale can be found here. Insiders have sold 54,064 shares of company stock worth $2,572,307 over the last quarter. Corporate 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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