Altra Industrial Motion Corp. (NASDAQ:AIMC) Shares Sold by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC reduced its position in Altra Industrial Motion Corp. (NASDAQ:AIMC – Get Rating) by 17.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 19,833 shares of the industrial products company’s stock after selling 4,150 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Altra Industrial Motion were worth $667,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Altra Industrial Motion by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,982,034 shares of the industrial products company’s stock valued at $232,880,000 after buying an additional 67,144 shares during the period. Macquarie Group Ltd. increased its stake in Altra Industrial Motion by 19.1% in the 3rd quarter. Macquarie Group Ltd. now owns 2,590,400 shares of the industrial products company’s stock valued at $87,115,000 after buying an additional 415,606 shares during the period. Dimensional Fund Advisors LP increased its stake in Altra Industrial Motion by 13.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,863,587 shares of the industrial products company’s stock valued at $62,654,000 after buying an additional 216,385 shares during the period. State Street Corp increased its stake in Altra Industrial Motion by 2.0% in the 2nd quarter. State Street Corp now owns 1,334,078 shares of the industrial products company’s stock valued at $47,143,000 after buying an additional 25,689 shares during the period. Finally, Aristotle Capital Boston LLC increased its stake in Altra Industrial Motion by 2.6% in the 2nd quarter. Aristotle Capital Boston LLC now owns 925,144 shares of the industrial products company’s stock valued at $32,611,000 after buying an additional 23,092 shares during the period. 85.50% of the stock is owned by institutional investors and hedge funds.

Altra Industrial Motion Stock Performance

NASDAQ:AIMC opened at $61.59 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 2.22 and a debt-to-equity ratio of 0.51. Altra Industrial Motion Corp. has a fifty-two week low of $32.18 and a fifty-two week high of $61.73. The stock has a market cap of $4.03 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 1.20 and a beta of 2.14. The firm’s fifty day simple moving average is $60.86 and its 200-day simple moving average is $52.16.

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

Altra Industrial Motion Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Loop Capital cut shares of Altra Industrial Motion from a “buy” rating to a “hold” rating and set a $62.00 price objective on the stock. in a research note on Friday, March 3rd. StockNews.com cut shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Wednesday, March 1st. Finally, BMO Capital Markets cut shares of Altra Industrial Motion from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $50.00 to $62.00 in a research note on Wednesday, December 21st.

Altra Industrial Motion 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.