Keybank National Association OH Has $1.03 Million Position in Altra Industrial Motion Corp. (AIMC)

Keybank National Association OH lowered its position in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) by 33.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,375 shares of the industrial products company’s stock after selling 10,725 shares during the quarter. Keybank National Association OH owned 0.07% of Altra Industrial Motion Corp. worth $1,028,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIMC. Victory Capital Management Inc. grew its holdings in Altra Industrial Motion Corp. by 28.3% during the third quarter. Victory Capital Management Inc. now owns 1,579,701 shares of the industrial products company’s stock valued at $75,984,000 after purchasing an additional 348,393 shares during the period. Vanguard Group Inc. grew its holdings in Altra Industrial Motion Corp. by 9.3% during the second quarter. Vanguard Group Inc. now owns 2,229,616 shares of the industrial products company’s stock valued at $88,739,000 after purchasing an additional 189,048 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in Altra Industrial Motion Corp. by 101.4% during the third quarter. Public Employees Retirement Association of Colorado now owns 286,049 shares of the industrial products company’s stock valued at $13,759,000 after purchasing an additional 144,049 shares during the period. Castleark Management LLC acquired a new position in Altra Industrial Motion Corp. during the second quarter valued at approximately $5,383,000. Finally, Wasatch Advisors Inc. grew its holdings in Altra Industrial Motion Corp. by 38.0% during the second quarter. Wasatch Advisors Inc. now owns 342,509 shares of the industrial products company’s stock valued at $13,632,000 after purchasing an additional 94,230 shares during the period. Hedge funds and other institutional investors own 99.26% of the company’s stock.

AIMC has been the subject of a number of analyst reports. BMO Capital Markets restated a “buy” rating and set a $53.00 price objective on shares of Altra Industrial Motion Corp. in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 price target for the company in a report on Thursday, July 27th. ValuEngine upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and issued a $48.00 price target on shares of Altra Industrial Motion Corp. in a report on Wednesday, October 4th. Finally, Sidoti cut shares of 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. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $49.20.

Altra Industrial Motion Corp. (AIMC) opened at $46.55 on Tuesday. The firm has a market cap of $1,359.84, a P/E ratio of 23.34 and a beta of 1.67. Altra Industrial Motion Corp. has a 1-year low of $34.20 and a 1-year high of $50.00. The company has a quick ratio of 1.57, a current ratio of 2.69 and a debt-to-equity ratio of 0.77.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 18th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, December 15th. Altra Industrial Motion Corp.’s payout ratio is 48.23%.

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In related news, VP Glenn E. Deegan sold 1,825 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $43.37, for a total transaction of $79,150.25. Following the completion of the transaction, the vice president now owns 41,419 shares in the company, valued at $1,796,342.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gerald P. Ferris sold 15,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $44.50, for a total transaction of $667,500.00. Following the transaction, the vice president now owns 16,722 shares of the company’s stock, valued at approximately $744,129. The disclosure for this sale can be found here. Insiders have sold 80,889 shares of company stock valued at $3,778,957 in the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

About Altra Industrial Motion Corp.

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 Corp. (NASDAQ:AIMC)

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