Eagle Boston Investment Management Inc. raised its position in Altra Industrial Motion Corp. (NASDAQ:AIMC) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,803 shares of the industrial products company’s stock after buying an additional 2,373 shares during the period. Eagle Boston Investment Management Inc. owned about 0.69% of Altra Industrial Motion Corp. worth $8,071,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Bbva Compass Bancshares Inc. increased its stake in Altra Industrial Motion Corp. by 4.6% in the first quarter. Bbva Compass Bancshares Inc. now owns 7,098 shares of the industrial products company’s stock worth $277,000 after buying an additional 311 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Altra Industrial Motion Corp. by 6.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,353 shares of the industrial products company’s stock valued at $286,000 after buying an additional 425 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Altra Industrial Motion Corp. by 10.7% in the second quarter. Legal & General Group Plc now owns 6,799 shares of the industrial products company’s stock valued at $271,000 after buying an additional 659 shares during the last quarter. Sei Investments Co. increased its stake in shares of Altra Industrial Motion Corp. by 3.0% in the second quarter. Sei Investments Co. now owns 23,737 shares of the industrial products company’s stock valued at $945,000 after buying an additional 700 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased 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. 98.36% of the stock is owned by institutional investors and hedge funds.

Shares of Altra Industrial Motion Corp. (NASDAQ AIMC) opened at 46.05 on Friday. The firm has a 50-day moving average of $43.43 and a 200 day moving average of $41.08. Altra Industrial Motion Corp. has a 52 week low of $26.24 and a 52 week high of $46.90. The company has a market cap of $1.35 billion, a P/E ratio of 38.50 and a beta of 1.67.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $223.35 million during the quarter, compared to analyst estimates of $219.15 million. During the same quarter last year, the business earned $0.42 EPS. The company’s revenue was up 22.3% compared to the same quarter last year. Equities analysts anticipate that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 18th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, September 15th. This represents a $0.68 annualized dividend and a yield of 1.48%. Altra Industrial Motion Corp.’s payout ratio is 59.13%.

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Several brokerages have commented on AIMC. Jefferies Group LLC upped 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. Zacks Investment Research raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research note on Thursday, July 27th. BMO Capital Markets reaffirmed a “buy” rating and issued a $53.00 target price on shares of Altra Industrial Motion Corp. in a research note on Thursday, July 27th. Finally, BidaskClub downgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $47.33.

In other Altra Industrial Motion Corp. news, VP Gerald P. Ferris sold 5,223 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $46.00, for a total transaction of $240,258.00. Following the completion of the transaction, the vice president now owns 16,722 shares in the company, valued at approximately $769,212. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lyle G. Ganske sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was 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 of the company’s stock, valued at approximately $520,632.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,048 shares of company stock valued at $1,899,908. Company insiders own 3.20% of the company’s stock.

About Altra Industrial Motion Corp.

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

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