TheStreet lowered shares of Altra Industrial Motion (NASDAQ:AIMC) from a b- rating to a c+ rating in a research note published on Monday, TheStreetRatingsTable reports.

Several other analysts have also recently issued reports on AIMC. BidaskClub cut Altra Industrial Motion from a hold rating to a sell rating in a research note on Wednesday, August 7th. KeyCorp dropped their price target on Altra Industrial Motion from $49.00 to $45.00 and set an overweight rating on the stock in a research report on Friday, July 26th. ValuEngine cut Altra Industrial Motion from a sell rating to a strong sell rating in a research report on Friday, July 26th. Zacks Investment Research upgraded Altra Industrial Motion from a strong sell rating to a hold rating in a research report on Tuesday, April 23rd. Finally, Robert W. Baird set a $46.00 price target on Altra Industrial Motion and gave the stock a buy rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $47.20.

Shares of NASDAQ AIMC opened at $24.29 on Monday. The company’s 50 day moving average price is $31.15. Altra Industrial Motion has a 52-week low of $23.52 and a 52-week high of $44.05. The firm has a market capitalization of $1.59 billion, a PE ratio of 8.83 and a beta of 1.94. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.12 and a quick ratio of 1.41.

Altra Industrial Motion (NASDAQ:AIMC) last announced its quarterly earnings data on Thursday, July 25th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). Altra Industrial Motion had a net margin of 4.34% and a return on equity of 10.50%. The firm had revenue of $466.50 million for the quarter, compared to analyst estimates of $488.01 million. During the same quarter in the previous year, the company earned $0.71 EPS. The company’s quarterly revenue was up 96.6% compared to the same quarter last year. As a group, research analysts anticipate that Altra Industrial Motion will post 2.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 18th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Tuesday, September 17th. Altra Industrial Motion’s payout ratio is 23.78%.

In other news, Director Larry Mcpherson sold 9,922 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $25.40, for a total transaction of $252,018.80. Following the sale, the director now directly owns 9,608 shares in the company, valued at approximately $244,043.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of Altra Industrial Motion during the 2nd quarter worth approximately $208,095,000. BlackRock Inc. acquired a new stake in Altra Industrial Motion in the 2nd quarter valued at approximately $165,370,000. Silvercrest Asset Management Group LLC acquired a new stake in Altra Industrial Motion in the 2nd quarter valued at approximately $127,345,000. Wasatch Advisors Inc. acquired a new stake in Altra Industrial Motion in the 2nd quarter valued at approximately $123,431,000. Finally, JPMorgan Chase & Co. acquired a new stake in Altra Industrial Motion in the 2nd quarter valued at approximately $76,617,000.

About Altra Industrial Motion

Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies and Automation & Specialty.

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