Headlines about Altra Industrial Motion Corp. (NASDAQ:AIMC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Altra Industrial Motion Corp. earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 44.0739643810293 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Altra Industrial Motion Corp. (AIMC) Plans $0.17 Quarterly Dividend (americanbankingnews.com)
- Altra Industrial Motion Corp. (AIMC) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Kaman's Aerosystems Restructuring to Lower Costs From 2019 (finance.yahoo.com)
- Sun Hydraulics (SNHY) Hits New 52-Week High: Here's Why (finance.yahoo.com)
- Altra Industrial Motion Corp. (AIMC) Receives “Buy” Rating from BMO Capital Markets (americanbankingnews.com)
Several research firms have weighed in on AIMC. BMO Capital Markets restated a “buy” rating and set a $53.00 target price on shares of Altra Industrial Motion Corp. in a research note on Wednesday, September 6th. ValuEngine upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub cut Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, Zacks Investment Research upgraded Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Altra Industrial Motion Corp. currently has a consensus rating of “Buy” and an average price target of $47.33.
Shares of Altra Industrial Motion Corp. (AIMC) traded down 0.33% on Monday, hitting $45.95. The stock had a trading volume of 131,197 shares. Altra Industrial Motion Corp. has a 1-year low of $26.24 and a 1-year high of $46.90. The firm has a 50-day moving average of $44.46 and a 200 day moving average of $41.30. The company has a market capitalization of $1.35 billion, a PE ratio of 38.42 and a beta of 1.64.
Altra Industrial Motion Corp. (NASDAQ:AIMC) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $223.35 million during the quarter, compared to the consensus estimate of $219.15 million. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 16.50%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, equities analysts anticipate that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 18th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, September 15th. Altra Industrial Motion Corp.’s dividend payout ratio is presently 59.13%.
In other Altra Industrial Motion Corp. news, VP Gerald P. Ferris sold 15,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $44.50, for a total value of $667,500.00. Following the transaction, the vice president now owns 16,722 shares in the company, valued at $744,129. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lyle G. Ganske sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.30, for a total transaction of $453,000.00. Following the completion of the transaction, the director now owns 11,493 shares in the company, valued at approximately $520,632.90. The disclosure for this sale can be found here. Insiders sold 44,180 shares of company stock valued at $1,997,980 over the last three months. 3.20% of the stock is currently owned by insiders.
Altra Industrial Motion Corp. 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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