Altra Industrial Motion Corp (AIMC) Shares Sold by Anchor Bolt Capital LP

Anchor Bolt Capital LP trimmed its position in Altra Industrial Motion Corp (NASDAQ:AIMC) by 38.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 366,574 shares of the industrial products company’s stock after selling 229,989 shares during the quarter. Anchor Bolt Capital LP owned approximately 1.25% of Altra Industrial Motion worth $17,632,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ameritas Investment Partners Inc. grew its stake in Altra Industrial Motion by 23.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock valued at $100,000 after buying an additional 479 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in Altra Industrial Motion 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 valued at $176,000 after buying an additional 2,926 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Altra Industrial Motion by 848.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock valued at $185,000 after buying an additional 4,156 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Altra Industrial Motion in the 3rd quarter valued at about $203,000. Finally, Stifel Financial Corp grew its stake in Altra Industrial Motion by 2.5% in the 2nd quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock valued at $237,000 after buying an additional 148 shares during the last quarter. 99.25% of the stock is currently owned by institutional investors.

Altra Industrial Motion Corp (NASDAQ:AIMC) opened at $47.85 on Thursday. Altra Industrial Motion Corp has a 52-week low of $34.80 and a 52-week high of $50.00. The stock has a market cap of $1,415.46, a P/E ratio of 24.30 and a beta of 1.66. The company has a current ratio of 2.69, a quick ratio of 1.57 and a debt-to-equity ratio of 0.77.

Altra Industrial Motion (NASDAQ:AIMC) last announced its earnings results on Friday, October 20th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Altra Industrial Motion had a net margin of 4.92% and a return on equity of 16.30%. The firm had revenue of $214.60 million for the quarter, compared to analyst estimates of $210.79 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue was up 24.0% compared to the same quarter last year. sell-side analysts expect that Altra Industrial Motion Corp will post 2.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 18th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, December 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.42%. Altra Industrial Motion’s payout ratio is presently 48.23%.

A number of research analysts recently commented on the stock. ValuEngine lowered shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Altra Industrial Motion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BMO Capital Markets reiterated a “buy” rating and issued a $53.00 price target on shares of Altra Industrial Motion in a research note on Wednesday, September 6th. Robert W. Baird reiterated a “neutral” rating on shares of Altra Industrial Motion in a research note on Monday, October 23rd. Finally, Sidoti lowered shares of Altra Industrial Motion from a “buy” rating to a “neutral” rating and set a $53.00 target price on the stock. in a research report on Wednesday, October 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Altra Industrial Motion currently has an average rating of “Hold” and an average price target of $49.20.

In related news, CEO Carl R. Christenson sold 8,323 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $47.00, for a total transaction of $391,181.00. Following the sale, the chief executive officer now owns 98,805 shares in the company, valued at approximately $4,643,835. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lipscomb S. Michael sold 25,000 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $48.34, for a total transaction of $1,208,500.00. Following the sale, the director now owns 15,848 shares in the company, valued at approximately $766,092.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,709 shares of company stock worth $2,233,977. Company insiders own 3.20% of the company’s stock.

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Altra Industrial Motion 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 (NASDAQ:AIMC)

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