Altra Industrial Motion Corp. (NASDAQ: AIMC) Receives “Buy” Average Rating from Brokerages
Altra Industrial Motion Corp. (NASDAQ: AIMC) has been given a consensus rating of “Buy” from the six analysts who cover the company, reports Marketbeat Ratings. Two research analysts rated the stock with a conservation rating and three gave the company a buy rating. The 1-year average price target among brokers who reported on the stock in the past year is $ 64.21.
Several stock analysts recently published reports on AIMC shares. Robert W. Baird lowered his price target on the Altra Industrial Motion stock from $ 69.00 to $ 67.00 and set an “outperform” rating on the stock in a report released on Monday, October 25. Zacks investment research downgraded the shares of Altra Industrial Motion from a “buy” rating to a “keep” rating and set a target price of $ 60.00 for the stock. in a report on Tuesday, September 14.
AIMC Actions open for $ 51.57 Friday. The company has a market cap of $ 3.35 billion, a price / earnings ratio of 23.02, a PEG ratio of 1.02 and a beta of 2.38. The company has a quick ratio of 1.50, a current ratio of 2.18, and a debt ratio of 0.62. Altra Industrial Motion has a 12-month low of $ 45.05 and a 12-month high of $ 68.07. The company’s fifty-day simple moving average is $ 54.79 and its 200-day simple moving average is $ 57.85.
Altra Industrial Motion (NASDAQ: AIMC) last released its results on Thursday, October 21. The industrials company reported earnings per share (EPS) of $ 0.80 for the quarter, missing the consensus estimate of $ 0.81 of ($ 0.01). The company posted revenue of $ 469.30 million in the quarter, compared to analysts’ estimates of $ 473.15 million. Altra Industrial Motion had a net margin of 7.78% and a return on equity of 10.69%. Altra Industrial Motion’s quarterly revenue increased 7.2% year-over-year. In the same quarter of the previous year, the company achieved EPS of $ 0.87. Research analysts expect Altra Industrial Motion to post earnings per share of 3.34 for the current year.
The company also recently unveiled a quarterly dividend, which will be paid on Tuesday, January 4. Shareholders of record on Friday, December 17 will receive a dividend of $ 0.08 per share. The ex-dividend date is Thursday, December 16. This represents an annualized dividend of $ 0.32 and a dividend yield of 0.62%. Altra Industrial Motion’s dividend payout ratio is currently 14.29%.
Hedge funds and other institutional investors have recently changed their positions in the company. Dark Forest Capital Management LP purchased a new equity stake in Altra Industrial Motion during the second quarter valued at approximately $ 32,000. First Horizon Advisors Inc. increased its position in shares of Altra Industrial Motion by 129.9% during the third quarter. First Horizon Advisors Inc. now owns 676 shares of the industrials company valued at $ 35,000 after acquiring 382 additional shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new equity stake in Altra Industrial Motion during the second quarter valued at approximately $ 57,000. FMR LLC increased its position in shares of Altra Industrial Motion by 20.9% during the second quarter. FMR LLC now owns 1,104 shares of the industrial products company valued at $ 72,000 after acquiring 191 additional shares during the last quarter. Finally, Meeder Asset Management Inc. increased its position in Altra Industrial Motion shares by 39.9% during the second quarter. Meeder Asset Management Inc. now owns 2,644 shares of the industrial products company valued at $ 172,000 after acquiring an additional 754 shares in the last quarter.
About Altra Industrial Motion
Altra Industrial Motion Corp. is engaged in the design, production and marketing of electromechanical power transmission motion controls. It operates through power transmission technologies; and the Automation and Specialty segments. The power transmission technologies segment focuses on the production of couplings, clutches and brakes; electromagnetic clutches and brakes; and gears.
Feature Article: Negotiating Analyst Ratings
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