(NASDAQ:AIMC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
Traders are a little more bullish on shares of Altra Industrial Motion Corp. recently as indicated by the motion in short interest.
Several brokerages have issued reports on AIMC. The total value of its holdings increased 9.1%. The number of shares now owned by investors are 94.57 mln. Altra Industrial Motion Corp (NASDAQ:AIMC) has risen 63.08% since October 10, 2016 and is uptrending. Ubs Group Ag expanded its investment by buying 61 shares an increase of 11.0% in the quarter. Sei Investments Co. now owns 23,037 shares of the industrial products company's stock worth $898,000 after purchasing an additional 12,160 shares in the last quarter. The SI to Altra Industrial Motion Corporation's float is 2.41%.
The company is now down from yesterday's close of 48.25. Franklin holds 734,916 shares or 0.01% of its portfolio.
ILLEGAL ACTIVITY NOTICE: "OxFORD Asset Management LLP Acquires Shares of 35,893 Altra Industrial Motion Corp. (AIMC)" was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and global trademark and copyright law. The correct version of this piece of content can be read at https://www.truebluetribune.com/2017/10/11/altra-industrial-motion-corp-aimc-earning-somewhat-positive-news-coverage-analysis-shows.html. The stock was sold at an average price of $47.00, for a total value of $75,247.00. Following the sale, the chief executive officer now directly owns 98,805 shares of the company's stock, valued at $4,643,835. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Glenn E. Deegan sold 1,825 shares of the company's stock in a transaction that occurred on Friday, August 18th. It also reduced Hilton Worldwide Hldgs Inc stake by 43,125 shares and now owns 25,727 shares. Insiders have sold 64,104 shares of company stock worth $2,934,408 in the last 90 days.
Shares of Altra Industrial Motion Corp.
The P/E ratio is now 39.34 and the market cap is 1.38B.
Shares last traded at $47.05 slightly over the 50 day moving average of $46.69 and which is quite a bit higher than the 200 day moving average of $42.64. Legal And General Grp Pcl has invested 0% in Altra Industrial Motion Corp (NASDAQ:AIMC).
Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 16.50%. (NASDAQ:AIMC) last released its quarterly earnings results on Tuesday, July 25th. Altra Industrial Motion Corp. The business had revenue of $223.35 million during the quarter, compared to analyst estimates of $219.15 million. Next quarter's EPS is estimated at $0.48 and the next full year EPS is projected to be $2.32. The firm's revenue was up 22.3% compared to the same quarter past year.
10/24/2016 - Altra Industrial Motion Corp. was upgraded to "overweight" by analysts at Stephens. Additionally Altra Industrial Motion Corp. declared a dividend for shareholders which was paid on Tuesday the 3rd of October 2017. Alliancebernstein Lp invested in 0% or 36,880 shares. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.45%. Zacks Investment Research raised shares of Altra Industrial Motion Corp. from a "hold" rating to a "buy" rating and set a $52.00 price objective for the company in a research note on Thursday, October 5th. Sidoti downgraded Altra Industrial Motion Corp. from a "buy" rating to a "neutral" rating and set a $53.00 price target for the company.in a report on Wednesday, October 4th. The stock of Altra Industrial Motion Corp (NASDAQ:AIMC) has "Hold" rating given on Wednesday, October 4 by Robert W. Baird. Thompson Davis And Inc has 0.04% invested in Altra Industrial Motion Corp (NASDAQ:AIMC) for 648 shares.
July 26 investment analysts at BMO Capital maintained a stock rating of "Outperform" but moved up the price target from $32.00 to $53.00. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. They now have a Dollars 53 price target on the stock.
Altra Industrial Motion Corp.is a designer, producer and marketer of a range of mechanical power transmission components. The Firm operates through three divisions: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. It manufactures a range of couplings suitable for various industrial and specialty applications.