Altra Industrial Motion (AIMC) Lowered to Hold at BidaskClub

BidaskClub lowered shares of Altra Industrial Motion (NASDAQ:AIMC) from a buy rating to a hold rating in a report published on Monday.

AIMC has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Altra Industrial Motion from a hold rating to a buy rating and set a $60.00 target price on the stock in a research note on Monday, January 22nd. ValuEngine cut shares of Altra Industrial Motion from a buy rating to a hold rating in a research note on Tuesday, December 26th. Finally, Robert W. Baird reiterated a neutral rating on shares of Altra Industrial Motion in a research note on Monday, October 23rd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $50.80.

Altra Industrial Motion (NASDAQ AIMC) opened at $47.05 on Monday. The company has a current ratio of 2.69, a quick ratio of 1.57 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1,459.38, a PE ratio of 25.05 and a beta of 1.61. Altra Industrial Motion has a twelve month low of $35.20 and a twelve month high of $53.70.

In other Altra Industrial Motion news, VP Craig Schuele sold 3,315 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $50.00, for a total value of $165,750.00. Following the transaction, the vice president now directly owns 67,886 shares in the company, valued at $3,394,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its stake in Altra Industrial Motion by 2.5% in the second quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock valued at $237,000 after acquiring an additional 148 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Altra Industrial Motion by 23.5% in the second quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 479 shares during the period. Legal & General Group Plc raised its position in shares of Altra Industrial Motion by 10.7% in the second quarter. Legal & General Group Plc now owns 6,799 shares of the industrial products company’s stock valued at $271,000 after purchasing an additional 659 shares during the period. Voya Investment Management LLC raised its position in shares of Altra Industrial Motion by 5.7% in the second quarter. Voya Investment Management LLC now owns 14,961 shares of the industrial products company’s stock valued at $595,000 after purchasing an additional 804 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of Altra Industrial Motion by 2.2% in the second quarter. California State Teachers Retirement System now owns 50,750 shares of the industrial products company’s stock valued at $2,020,000 after purchasing an additional 1,112 shares during the period.

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Altra Industrial Motion 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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