Altra Industrial Motion (NASDAQ:AIMC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Several other research firms also recently commented on AIMC. Zacks Investment Research downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Robert W. Baird reaffirmed a “neutral” rating on shares of Altra Industrial Motion in a research note on Monday, October 23rd. Finally, ValuEngine downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $50.80.

Shares of Altra Industrial Motion (NASDAQ AIMC) opened at $47.90 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.57 and a current ratio of 2.69. The company has a market capitalization of $1,380.00, a P/E ratio of 33.97 and a beta of 1.61. Altra Industrial Motion has a one year low of $35.20 and a one year high of $53.70.

In other Altra Industrial Motion news, VP Craig Schuele sold 3,315 shares of the business’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 transaction, the vice president now owns 67,886 shares in the company, valued at approximately $3,394,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp increased its position in Altra Industrial Motion by 2.5% during the 2nd quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 148 shares during the period. Ameritas Investment Partners Inc. increased its position in Altra Industrial Motion by 23.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 479 shares during the period. Legal & General Group Plc increased its position in Altra Industrial Motion by 10.7% during the 2nd quarter. Legal & General Group Plc now owns 6,799 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 659 shares during the period. Voya Investment Management LLC increased its position in Altra Industrial Motion by 5.7% during the 2nd quarter. Voya Investment Management LLC now owns 14,961 shares of the industrial products company’s stock worth $595,000 after purchasing an additional 804 shares during the period. Finally, California State Teachers Retirement System increased its position in Altra Industrial Motion by 2.2% during the 2nd quarter. California State Teachers Retirement System now owns 50,750 shares of the industrial products company’s stock worth $2,020,000 after purchasing an additional 1,112 shares during the period.

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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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