纽约银行梅隆公司购买了 Altra Industrial Motion Corp.（纳斯达克股票代码：AIMC）的 11,372 股股票

Bank of New York Mellon Corp grew its position in Altra Industrial Motion Corp. (NASDAQ:AIMC – Get Rating) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 385,774 shares of the industrial products company's stock after purchasing an additional 11,372 shares during the period. Bank of New York Mellon Corp owned approximately 0.59% of Altra Industrial Motion worth $12,970,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in Altra Industrial Motion during the third quarter worth about $44,000. Eagle Bay Advisors LLC raised its holdings in Altra Industrial Motion by 82.8% during the second quarter. Eagle Bay Advisors LLC now owns 1,426 shares of the industrial products company's stock worth $50,000 after acquiring an additional 646 shares in the last quarter. Point72 Hong Kong Ltd raised its holdings in Altra Industrial Motion by 46.6% during the first quarter. Point72 Hong Kong Ltd now owns 1,385 shares of the industrial products company's stock worth $54,000 after acquiring an additional 440 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Altra Industrial Motion by 140.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,729 shares of the industrial products company's stock worth $58,000 after acquiring an additional 1,009 shares in the last quarter. Finally, Ensign Peak Advisors Inc bought a new stake in Altra Industrial Motion during the third quarter worth about $89,000. 85.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AIMC. StockNews.com began coverage on Altra Industrial Motion in a research note on Monday. They issued a "hold" rating on the stock. Loop Capital lowered Altra Industrial Motion from a "buy" rating to a "hold" rating and set a $62.00 price objective on the stock. in a research note on Friday, March 3rd. Finally, BMO Capital Markets lowered Altra Industrial Motion from an "outperform" rating to a "market perform" rating and upped their price objective for the company from $50.00 to $62.00 in a research note on Wednesday, December 21st.

Altra Industrial Motion Price Performance

Altra Industrial Motion stock opened at $61.98 on Monday. Altra Industrial Motion Corp. has a 12 month low of $32.18 and a 12 month high of $62.01. The stock's 50 day moving average is $61.45 and its 200-day moving average is $55.04. The company has a current ratio of 2.22, a quick ratio of 1.32 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 1.52 and a beta of 2.14.

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

Altra Industrial Motion Dividend Announcement

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

About Altra Industrial Motion

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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.

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