Altra Industrial Motion Corp. (AIMC) Holdings Raised by Earnest Partners LLC

Earnest Partners LLC boosted its position in Altra Industrial Motion Corp. (NASDAQ:AIMC) by 0.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,558,545 shares of the industrial products company’s stock after purchasing an additional 11,531 shares during the period. Earnest Partners LLC owned about 5.32% of Altra Industrial Motion Corp. worth $62,030,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in Altra Industrial Motion Corp. by 44.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,268 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 1,010 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Altra Industrial Motion Corp. by 191.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 2,926 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Altra Industrial Motion Corp. by 848.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 4,156 shares in the last quarter. Stifel Financial Corp bought a new stake in Altra Industrial Motion Corp. in the 1st quarter worth about $226,000. Finally, Karp Capital Management Corp bought a new stake in Altra Industrial Motion Corp. in the 1st quarter worth about $247,000. 98.31% of the stock is owned by institutional investors and hedge funds.

Altra Industrial Motion Corp. (AIMC) traded up 0.99% on Friday, reaching $46.00. 761,911 shares of the company’s stock were exchanged. Altra Industrial Motion Corp. has a 52-week low of $27.35 and a 52-week high of $49.60. The firm’s 50 day moving average price is $46.52 and its 200 day moving average price is $42.43. The company has a market cap of $1.35 billion, a PE ratio of 38.46 and a beta of 1.67.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts expect that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Monday, September 18th were paid a $0.17 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.48%. Altra Industrial Motion Corp.’s dividend payout ratio is presently 59.13%.

In other news, Chairman Carl R. Christenson sold 10,000 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the sale, the chairman now directly owns 98,805 shares in the company, valued at $4,545,030. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carl R. Christenson sold 1,601 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $47.00, for a total transaction of $75,247.00. Following the completion of the sale, the chief executive officer now owns 98,805 shares of the company’s stock, valued at $4,643,835. The disclosure for this sale can be found here. Insiders sold 64,104 shares of company stock valued at $2,934,408 over the last quarter. Company insiders own 3.20% of the company’s stock.

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AIMC has been the subject of a number of recent analyst reports. ValuEngine raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub cut shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. BMO Capital Markets reiterated 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, Robert W. Baird reiterated a “hold” rating and issued a $48.00 target price on shares of Altra Industrial Motion Corp. in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $49.20.

Altra Industrial Motion Corp. Company Profile

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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