BNP Paribas Arbitrage SA trimmed its position in shares of Altra Industrial Motion Corp (NASDAQ:AIMC) by 28.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,311 shares of the industrial products company’s stock after selling 1,335 shares during the period. BNP Paribas Arbitrage SA’s holdings in Altra Industrial Motion were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its holdings in Altra Industrial Motion by 23.5% during the second quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock worth $100,000 after buying an additional 479 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Altra Industrial Motion by 191.6% during the second quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock worth $176,000 after buying an additional 2,926 shares during the last quarter. Stifel Financial Corp increased its holdings in Altra Industrial Motion by 2.5% during the second quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock worth $237,000 after buying an additional 148 shares during the last quarter. Simplex Trading LLC increased its holdings in Altra Industrial Motion by 244.6% during the third quarter. Simplex Trading LLC now owns 4,935 shares of the industrial products company’s stock worth $237,000 after buying an additional 3,503 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Altra Industrial Motion by 10.7% during the second quarter. Legal & General Group Plc now owns 6,799 shares of the industrial products company’s stock worth $271,000 after buying an additional 659 shares during the last quarter. Institutional investors and hedge funds own 99.25% of the company’s stock.

A number of equities analysts recently weighed in on AIMC shares. Zacks Investment Research upgraded shares of Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Thursday, October 5th. BMO Capital Markets restated a “buy” rating and set a $53.00 target price on shares of Altra Industrial Motion in a report on Wednesday, September 6th. ValuEngine raised shares of Altra Industrial Motion from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and set a $48.00 price objective on shares of Altra Industrial Motion in a research report on Wednesday, October 4th. Finally, Sidoti cut 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 research report 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 issued a hold rating and two have given a buy rating to the company. Altra Industrial Motion has an average rating of “Hold” and an average price target of $49.20.

In other 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 $766,092.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Craig Schuele sold 1,685 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $50.00, for a total transaction of $84,250.00. Following the completion of the sale, the vice president now directly owns 71,201 shares of the company’s stock, valued at approximately $3,560,050. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,785 shares of company stock valued at $1,297,549. Company insiders own 3.20% of the company’s stock.

Altra Industrial Motion Corp (NASDAQ AIMC) opened at $47.00 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.57 and a debt-to-equity ratio of 0.77. Altra Industrial Motion Corp has a 52-week low of $35.20 and a 52-week high of $50.00. The company has a market cap of $1,399.36, a price-to-earnings ratio of 24.02 and a beta of 1.66.

Altra Industrial Motion (NASDAQ:AIMC) last released its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Altra Industrial Motion had a net margin of 4.92% and a return on equity of 16.30%. The firm had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $210.79 million. During the same period in the previous year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. equities analysts predict that Altra Industrial Motion Corp will post 2.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 18th will be given 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 1.45%. Altra Industrial Motion’s dividend payout ratio (DPR) is 48.23%.

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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.

Institutional Ownership by Quarter for Altra Industrial Motion (NASDAQ:AIMC)

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