Altra Industrial Motion Corp. (NASDAQ:AIMC) has received a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $47.33.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a research note on Thursday, July 27th. BMO Capital Markets restated a “buy” rating and set a $53.00 target price on shares of Altra Industrial Motion Corp. in a research note on Thursday, July 27th. BidaskClub cut shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Jefferies Group LLC lifted their target price on shares of Altra Industrial Motion Corp. from $38.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, May 8th. Finally, TheStreet upgraded shares of Altra Industrial Motion Corp. from a “c+” rating to a “b” rating in a research note on Friday, April 28th.

TRADEMARK VIOLATION NOTICE: “Altra Industrial Motion Corp. (NASDAQ:AIMC) Receives Consensus Rating of “Buy” from Brokerages” was published by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.watchlistnews.com/altra-industrial-motion-corp-nasdaqaimc-receives-consensus-rating-of-buy-from-brokerages/1488456.html.

Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 44.90 on Tuesday. Altra Industrial Motion Corp. has a 12-month low of $26.24 and a 12-month high of $46.90. The company has a market cap of $1.32 billion, a PE ratio of 37.54 and a beta of 1.67. The stock has a 50 day moving average of $41.58 and a 200 day moving average of $40.48.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 16.50%. The company had revenue of $223.35 million for the quarter, compared to analysts’ expectations of $219.15 million. During the same quarter in the previous year, the company earned $0.42 EPS. Altra Industrial Motion Corp.’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities analysts expect that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Monday, September 18th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, September 15th. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is 59.13%.

In related news, Director Lyle G. Ganske sold 10,000 shares of Altra Industrial Motion Corp. stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.30, for a total transaction of $453,000.00. Following the transaction, the director now owns 11,493 shares in the company, valued at approximately $520,632.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.20% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Altra Industrial Motion Corp. by 44.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,268 shares of the industrial products company’s stock valued at $128,000 after buying an additional 1,010 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Altra Industrial Motion Corp. by 191.6% in the second quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock valued at $176,000 after buying an additional 2,926 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Altra Industrial Motion Corp. by 848.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock valued at $185,000 after buying an additional 4,156 shares during the last quarter. 1st Global Advisors Inc. bought a new stake in shares of Altra Industrial Motion Corp. during the first quarter valued at approximately $202,000. Finally, Stifel Financial Corp bought a new stake in shares of Altra Industrial Motion Corp. during the first quarter valued at approximately $226,000. Institutional investors and hedge funds own 97.54% of the company’s stock.

Altra Industrial Motion Corp. 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.

Receive News & Ratings for Altra Industrial Motion Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.