Altra Industrial Motion（纳斯达克股票代码：AIMC）在StockNews.com上获得

Investment analysts at StockNews.com initiated coverage on shares of Altra Industrial Motion (NASDAQ:AIMC – Get Rating) in a research report issued to clients and investors on Tuesday. The brokerage set a "hold" rating on the industrial products company's stock.

A number of other equities analysts have also weighed in on AIMC. BMO Capital Markets lowered Altra Industrial Motion from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $50.00 to $62.00 in a research note on Wednesday, December 21st. Loop Capital downgraded Altra Industrial Motion from a "buy" rating to a "hold" rating and set a $62.00 price target on the stock. in a research note on Friday, March 3rd.

Altra Industrial Motion Price Performance

AIMC stock opened at $61.98 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.22 and a quick ratio of 1.32. The company's 50-day moving average is $61.56 and its 200-day moving average is $56.15. The stock has a market capitalization of $4.05 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 1.52 and a beta of 2.14. Altra Industrial Motion has a 1 year low of $32.18 and a 1 year high of $62.01.

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

Institutional Investors Weigh In On Altra Industrial Motion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OLD National Bancorp IN bought a new stake in shares of Altra Industrial Motion during the 3rd quarter valued at $225,000. Eagle Bay Advisors LLC boosted its stake in shares of Altra Industrial Motion by 29.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 2,038 shares of the industrial products company's stock worth $122,000 after acquiring an additional 458 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Altra Industrial Motion by 325.0% during 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 stake in Altra Industrial Motion by 0.5% in the 3rd quarter. Palisade Capital Management LLC NJ now owns 1,062,765 shares of the industrial products company's stock worth $35,730,000 after purchasing an additional 5,195 shares during the period. Finally, Granite Investment Partners LLC grew its holdings in Altra Industrial Motion by 57.1% during the 3rd quarter. Granite Investment Partners LLC now owns 175,833 shares of the industrial products company's stock valued at $5,912,000 after buying an additional 63,910 shares in the last quarter. 85.50% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

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