Campbell & CO Investment Adviser LLC purchased a new position in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,533 shares of the industrial products company’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its holdings in Altra Industrial Motion by 2.5% in the 2nd quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock valued at $237,000 after acquiring an additional 148 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Altra Industrial Motion by 1.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,684 shares of the industrial products company’s stock valued at $1,181,000 after acquiring an additional 293 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Altra Industrial Motion by 23.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 479 shares during the last quarter. Legal & General Group Plc raised its holdings in Altra Industrial Motion by 10.7% in the 2nd quarter. Legal & General Group Plc now owns 6,799 shares of the industrial products company’s stock valued at $271,000 after acquiring an additional 659 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Altra Industrial Motion by 3.0% in the 2nd quarter. Sei Investments Co. now owns 23,737 shares of the industrial products company’s stock valued at $945,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 99.32% of the company’s stock.

Shares of Altra Industrial Motion Corp. (NASDAQ AIMC) opened at $48.60 on Friday. Altra Industrial Motion Corp. has a one year low of $34.33 and a one year high of $50.00. The company has a quick ratio of 1.57, a current ratio of 2.69 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1,411.07, a P/E ratio of 24.22 and a beta of 1.67.

Altra Industrial Motion (NASDAQ:AIMC) last posted its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.48 earnings per share for the quarter, beating the 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 business had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $210.79 million. During the same quarter in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. sell-side analysts forecast that Altra Industrial Motion Corp. will post 2.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 18th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.40%. Altra Industrial Motion’s dividend payout ratio (DPR) is 48.23%.

A number of analysts have commented on AIMC shares. ValuEngine upgraded shares of Altra Industrial Motion from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BMO Capital Markets reiterated a “buy” rating and issued a $53.00 price objective on shares of Altra Industrial Motion in a report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Altra Industrial Motion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. Robert W. Baird reiterated a “hold” rating and issued a $48.00 price objective on shares of Altra Industrial Motion in a report on Wednesday, October 4th. Finally, Sidoti downgraded 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 report on Wednesday, October 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Altra Industrial Motion presently has an average rating of “Hold” and a consensus target price of $49.20.

In related news, CEO Carl R. Christenson sold 1,601 shares of the 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 transaction, the chief executive officer now owns 98,805 shares of the company’s stock, valued at approximately $4,643,835. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lipscomb S. Michael sold 25,000 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $48.34, for a total transaction of $1,208,500.00. Following the transaction, the director now directly owns 15,848 shares of the company’s stock, valued at approximately $766,092.32. The disclosure for this sale can be found here. In the last three months, insiders sold 46,709 shares of company stock valued at $2,233,977. Corporate insiders own 3.20% of the company’s stock.

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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.

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

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