Altra Industrial Motion（纳斯达克股票代码：AIMC）交易价格上涨

Altra Industrial Motion Corp. (NASDAQ:AIMC – Get Rating)'s stock price was up 1.8% during trading on Friday . The company traded as high as $62.00 and last traded at $61.99. Approximately 284,892 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 1,225,935 shares. The stock had previously closed at $60.89.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AIMC shares. Loop Capital cut shares of Altra Industrial Motion from a "buy" rating to a "hold" rating and set a $62.00 price target for the company. in a report on Friday, March 3rd. BMO Capital Markets lowered shares of Altra Industrial Motion from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $50.00 to $62.00 in a report on Wednesday, December 21st. Finally, StockNews.com started coverage on shares of Altra Industrial Motion in a research report on Saturday, March 18th. They issued a "hold" rating on the stock.

Altra Industrial Motion Trading Up 0.0 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.32 and a current ratio of 2.22. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 1.51 and a beta of 2.14. The company's 50-day moving average is $61.24 and its 200-day moving average is $53.83.

Altra Industrial Motion (NASDAQ:AIMC – Get Rating) last posted its earnings results on Thursday, March 2nd. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.01). Altra Industrial Motion had a return on equity of 10.93% and a net margin of 6.53%. The business had revenue of $469.40 million for the quarter, compared to the consensus estimate of $463.23 million. During the same period in the previous year, the company posted $0.67 earnings per share. Altra Industrial Motion's revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts predict that Altra Industrial Motion Corp. will post 3.4 earnings per share for the current year.

Altra Industrial Motion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Thursday, March 16th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.58%. The ex-dividend date is Wednesday, March 15th. Altra Industrial Motion's dividend payout ratio is 18.56%.

Institutional Investors Weigh In On Altra Industrial Motion

A number of hedge funds and other institutional investors have recently modified their holdings of the company. OLD National Bancorp IN bought a new stake in shares of Altra Industrial Motion during the third quarter worth about $225,000. Tower Research Capital LLC TRC increased its stake in shares of Altra Industrial Motion by 325.0% in the third quarter. Tower Research Capital LLC TRC now owns 8,972 shares of the industrial products company's stock worth $301,000 after purchasing an additional 6,861 shares in the last quarter. Palisade Capital Management LLC NJ boosted its position in shares of Altra Industrial Motion by 0.5% in the third quarter. Palisade Capital Management LLC NJ now owns 1,062,765 shares of the industrial products company's stock valued at $35,730,000 after acquiring an additional 5,195 shares during the period. Granite Investment Partners LLC lifted its position in Altra Industrial Motion by 57.1% during the third quarter. Granite Investment Partners LLC now owns 175,833 shares of the industrial products company's stock valued at $5,912,000 after purchasing an additional 63,910 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Altra Industrial Motion by 8.2% during the third quarter. California Public Employees Retirement System now owns 155,590 shares of the industrial products company's stock valued at $5,231,000 after purchasing an additional 11,851 shares during the last quarter. Institutional investors and hedge funds own 85.50% of the company's stock.

Altra Industrial Motion Company Profile

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Altra Industrial Motion Corp. engages in the design, production, and marketing of electromechanical power transmission motion controls. It operates through the Power Transmission Technologies, and Automation and Specialty segments. The Power Transmission Technologies segment focuses on the production of couplings, clutches, and brakes, electromagnetic clutches and brakes, and gears.

Read More

• Get a free copy of the StockNews.com research report on Altra Industrial Motion (AIMC)
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