Raymond James Trust N.A. Buys 655 Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC)

Raymond James Trust N.A. boosted its stake in shares of Altra Industrial Motion Corp. (NASDAQ:AIMCGet Rating) by 9.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,847 shares of the industrial products company’s stock after buying an additional 655 shares during the quarter. Raymond James Trust N.A.’s holdings in Altra Industrial Motion were worth $263,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Altra Industrial Motion by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,982,034 shares of the industrial products company’s stock worth $232,880,000 after purchasing an additional 67,144 shares during the period. Macquarie Group Ltd. boosted its position in Altra Industrial Motion by 0.6% during the second quarter. Macquarie Group Ltd. now owns 2,174,794 shares of the industrial products company’s stock worth $76,662,000 after purchasing an additional 13,982 shares during the period. Dimensional Fund Advisors LP boosted its position in Altra Industrial Motion by 12.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,371,373 shares of the industrial products company’s stock worth $53,388,000 after purchasing an additional 149,379 shares during the period. State Street Corp boosted its position in Altra Industrial Motion by 2.0% during the second quarter. State Street Corp now owns 1,334,078 shares of the industrial products company’s stock worth $47,143,000 after purchasing an additional 25,689 shares during the period. Finally, Bank of America Corp DE boosted its position in Altra Industrial Motion by 18.4% during the first quarter. Bank of America Corp DE now owns 956,505 shares of the industrial products company’s stock worth $37,235,000 after purchasing an additional 148,668 shares during the period. Institutional investors own 85.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BMO Capital Markets lowered shares of Altra Industrial Motion from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $50.00 to $62.00 in a research report on Wednesday, December 21st. Robert W. Baird downgraded shares of Altra Industrial Motion from an “outperform” rating to a “neutral” rating and set a $62.00 price target on the stock. in a report on Tuesday, November 1st. Finally, StockNews.com downgraded shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Wednesday, December 21st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $60.67.

Altra Industrial Motion Trading Up 0.0 %

Shares of Altra Industrial Motion stock opened at $60.11 on Tuesday. Altra Industrial Motion Corp. has a 12-month low of $32.18 and a 12-month high of $60.44. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 240.45, a PEG ratio of 1.17 and a beta of 2.19. The company has a current ratio of 2.29, a quick ratio of 1.41 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $59.01 and its 200-day moving average price is $46.52.

Altra Industrial Motion (NASDAQ:AIMCGet Rating) last announced its quarterly earnings results on Monday, October 31st. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). The firm had revenue of $466.30 million during the quarter, compared to analysts’ expectations of $466.43 million. Altra Industrial Motion had a return on equity of 10.73% and a net margin of 0.87%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. On average, equities analysts expect that Altra Industrial Motion Corp. will post 3.17 earnings per share for the current fiscal year.

Altra Industrial Motion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Friday, December 16th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Thursday, December 15th. Altra Industrial Motion’s dividend payout ratio is currently 144.01%.

Altra Industrial Motion Profile

(Get Rating)

Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in various motion-related applications, and high-volume manufacturing and non-manufacturing processes. It operates in two segments, Power Transmission Technologies (PTT) and Automation & Specialty (A&S).

Further Reading

Institutional Ownership by Quarter for Altra Industrial Motion (NASDAQ:AIMC)

Receive News & Ratings for Altra Industrial Motion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion and related companies with MarketBeat.com's FREE daily email newsletter.