Credit Suisse AG Buys 368 Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC)

Credit Suisse AG raised its holdings in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC – Get Rating) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,020 shares of the industrial products company’s stock after acquiring an additional 368 shares during the period. Credit Suisse AG owned about 0.09% of Altra Industrial Motion worth $1,917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. OLD National Bancorp IN bought a new position in Altra Industrial Motion during the third quarter valued at approximately $225,000. Lazard Asset Management LLC lifted its stake in Altra Industrial Motion by 15.7% in the second quarter. Lazard Asset Management LLC now owns 510,595 shares of the industrial products company’s stock worth $17,998,000 after acquiring an additional 69,334 shares during the period. Tower Research Capital LLC TRC lifted its stake in Altra Industrial Motion by 325.0% in the third quarter. Tower Research Capital LLC TRC now owns 8,972 shares of the industrial products company’s stock worth $301,000 after acquiring an additional 6,861 shares during the period. Ulrich Consultants & Investment Group LLC purchased a new stake in Altra Industrial Motion in the second quarter worth $287,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Altra Industrial Motion by 20.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 94,360 shares of the industrial products company’s stock worth $3,326,000 after acquiring an additional 15,986 shares during the period. 85.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AIMC. BMO Capital Markets lowered Altra Industrial Motion from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $50.00 to $62.00 in a research report on Wednesday, December 21st. StockNews.com downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. Finally, Loop Capital downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a report on Friday.

Altra Industrial Motion Stock Down 0.1 %

NASDAQ AIMC opened at $61.61 on Tuesday. The stock’s 50 day moving average is $60.82 and its 200 day moving average is $52.02. The company has a current ratio of 2.22, a quick ratio of 1.32 and a debt-to-equity ratio of 0.51. Altra Industrial Motion Corp. has a 12 month low of $32.18 and a 12 month high of $61.73. The stock has a market cap of $4.03 billion, a PE ratio of 31.76, a P/E/G ratio of 1.20 and a beta of 2.14.

Altra Industrial Motion (NASDAQ:AIMC – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.01). The firm had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $463.23 million. Altra Industrial Motion had a return on equity of 10.93% and a net margin of 6.53%. The firm’s revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. Research analysts predict that Altra Industrial Motion Corp. will post 3.42 EPS for the current fiscal year.

Altra Industrial Motion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Thursday, March 16th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, March 15th. Altra Industrial Motion’s dividend payout ratio is currently 18.56%.

Altra Industrial Motion Company Profile

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Altra Industrial Motion Corp. engages in the design, production, and marketing of electromechanical power transmission motion controls. It operates through the 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.