Altra Industrial Motion Corp. (NASDAQ:AIMC) Receives Average “Buy” Rating from Analysts
Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) received a consensus rating of “Hold” from the seven research firms that currently cover the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The 12-month average price target among analysts who have covered the stock over the past year is $60.61.
Several equity research analysts have weighed in on the company recently. TheStreet downgraded Altra Industrial Motion from a “b-” rating to a “c” rating in a research note on Wednesday. Zacks Investment Research upgraded Altra Industrial Motion from a “sell” rating to a “hold” rating and set a price target of $54.00 for the company in a Monday, January 17 research note. Robert W. Baird cut his price target on Altra Industrial Motion from $66.00 to $55.00 in a research note on Thursday. Ultimately, StockNews.com downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Friday.
Large investors have recently changed their positions in the stock. Wells Fargo & Company MN increased its stake in Altra Industrial Motion by 1.7% during the fourth quarter. Wells Fargo & Company MN now owns 336,981 shares of the industrial products company valued at $17,378,000 after purchasing an additional 5,588 shares last quarter. Goldman Sachs Group Inc. increased its stake in Altra Industrial Motion by 1.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 255,322 shares of the industrial products company valued at $13,167,000 after buying 3,897 additional shares last quarter. California State Teachers Retirement System increased its stake in Altra Industrial Motion by 2.0% during the fourth quarter. California State Teachers Retirement System now owns 89,994 shares of the industrial products company valued at $4,641,000 after buying 1,773 additional shares last quarter. Wasatch Advisors Inc. increased its stake in Altra Industrial Motion by 9.0% during the fourth quarter. Wasatch Advisors Inc. now owns 6,663,776 shares of the industrial products company valued at $343,651,000 after buying an additional 550,635 shares last quarter. Finally, Glenmede Trust Co. NA increased its stake in Altra Industrial Motion by 23.8% during the fourth quarter. Glenmede Trust Co. NA now owns 23,920 shares of the industrial products company valued at $1,233,000 after buying 4,595 additional shares last quarter. Institutional investors and hedge funds own 98.61% of the company’s shares.
AIMC opened at $45.05 on Friday. Altra Industrial Motion has a 52 week low of $44.87 and a 52 week high of $68.07. The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt ratio of 0.62. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 109.88, a growth price-to-earnings ratio of 0.86 and a beta of 2.31. The company’s 50-day moving average is $49.18 and its two-hundred-day moving average is $54.28.
Altra Industrial Motion Inc (NASDAQ:AIMC) last reported earnings on Tuesday, February 15. The industrial products company reported EPS of $0.67 for the quarter, missing the consensus estimate of $0.75 per ($0.08). The company posted revenue of $469.80 million in the quarter, compared to analyst estimates of $461.39 million. Altra Industrial Motion achieved a net margin of 1.46% and a return on equity of 10.33%. The company’s revenue increased by 3.7% compared to the same quarter last year. In the same quarter a year earlier, the company earned $0.76 per share. Equity analysts expect Altra Industrial Motion to post EPS of 3.63 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 4. Investors of record on Thursday, March 17 will receive a dividend of $0.08 per share. The ex-dividend date is Wednesday, March 16. This represents an annualized dividend of $0.32 and a dividend yield of 0.71%. Altra Industrial Motion’s dividend payout ratio is 78.05%.
About Altra Industrial Motion
Altra Industrial Motion Corp. engages in the design, production and marketing of electromechanical power transmission motion controls. It operates through 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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