News articles about Altra Industrial Motion Corp (NASDAQ:AIMC) have been trending somewhat negative this week, Alpha One reports. Alpha One, a service of Accern, identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altra Industrial Motion Corp earned a media sentiment score of -0.04 on Alpha One’s scale. Alpha One also assigned news headlines about the industrial products company an impact score of 64 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have effected Alpha One’s rankings:
- Is Altra Industrial (AIMC) Stock a Solid Choice Right Now? (finance.yahoo.com)
- VP Finance & Corp Controller of Altra Industrial Motion Corp (NASDAQ:AIMC), Patriacca Todd, sells 988 shares worth $41,496 (empowerednews.net)
- Insider Trading Activity Altra Industrial Motion Corp (NASDAQ:AIMC) – VP Sold 1,000 shares of Stock (4-traders.com)
- Todd Patriacca Sells 1,000 Shares of Altra Industrial Motion Corp (AIMC) Stock (americanbankingnews.com)
- Altra Industrial Motion Corp (AIMC) Expected to Post Quarterly Sales of $219.6 Million (americanbankingnews.com)
Shares of Altra Industrial Motion Corp (NASDAQ:AIMC) opened at 42.30 on Wednesday. The company has a 50 day moving average of $39.83 and a 200-day moving average of $37.74. Altra Industrial Motion Corp has a one year low of $25.77 and a one year high of $46.90. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 42.17 and a beta of 1.52.
Altra Industrial Motion Corp (NASDAQ:AIMC) last announced its quarterly earnings results on Friday, April 28th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.13. Altra Industrial Motion Corp had a net margin of 4.17% and a return on equity of 15.75%. The firm had revenue of $215.40 million during the quarter, compared to analysts’ expectations of $209.55 million. During the same period in the prior year, the company posted $0.38 EPS. The company’s revenue was up 19.3% on a year-over-year basis. On average, analysts expect that Altra Industrial Motion Corp will post $1.93 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Friday, June 16th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.61%. This is a boost from Altra Industrial Motion Corp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, June 14th. Altra Industrial Motion Corp’s dividend payout ratio (DPR) is presently 53.10%.
A number of brokerages have commented on AIMC. Zacks Investment Research upgraded shares of Altra Industrial Motion Corp from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Monday, March 27th. BMO Capital Markets raised their price target on shares of Altra Industrial Motion Corp from $46.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. TheStreet upgraded shares of Altra Industrial Motion Corp from a “c+” rating to a “b” rating in a research note on Friday, April 28th. Finally, Jefferies Group LLC raised their price target on shares of Altra Industrial Motion Corp from $38.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, May 8th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $46.00.
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In other Altra Industrial Motion Corp news, Chairman Carl R. Christenson sold 40,000 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $43.32, for a total value of $1,732,800.00. Following the completion of the sale, the chairman now directly owns 136,176 shares in the company, valued at $5,899,144.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd Patriacca sold 1,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $42.00, for a total transaction of $42,000.00. Following the completion of the sale, the vice president now owns 29,371 shares of the company’s stock, valued at $1,233,582. The disclosure for this sale can be found here. Insiders sold 54,675 shares of company stock valued at $2,346,686 over the last 90 days. Corporate insiders own 4.10% of the company’s stock.
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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