Media stories about Altra Industrial Motion Corp. (NASDAQ:AIMC) have been trending somewhat positive on Thursday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altra Industrial Motion Corp. earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.0190627146125 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
Several research firms recently issued reports on AIMC. Zacks Investment Research lowered Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Robert W. Baird restated a “neutral” rating on shares of Altra Industrial Motion Corp. in a research report on Monday. Sidoti lowered Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a research report on Wednesday, October 4th. They noted that the move was a valuation call. ValuEngine upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BMO Capital Markets restated a “buy” rating and set a $53.00 price target on shares of Altra Industrial Motion Corp. in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Altra Industrial Motion Corp. currently has an average rating of “Hold” and an average price target of $49.20.
Shares of Altra Industrial Motion Corp. (AIMC) traded up 0.73% during midday trading on Thursday, hitting $48.25. The stock had a trading volume of 102,437 shares. The company has a market cap of $1.41 billion, a PE ratio of 40.34 and a beta of 1.67. Altra Industrial Motion Corp. has a 52-week low of $27.35 and a 52-week high of $50.00. The company’s 50 day moving average is $47.56 and its 200 day moving average is $43.44.
Altra Industrial Motion Corp. (NASDAQ:AIMC) last announced its earnings results on Friday, October 20th. The industrial products company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $214.60 million for the quarter, compared to the consensus estimate of $210.79 million. Altra Industrial Motion Corp. had a net margin of 4.92% and a return on equity of 16.92%. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. On average, analysts anticipate that Altra Industrial Motion Corp. will post $2.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 18th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, December 15th. This represents a $0.68 annualized dividend and a yield of 1.41%. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is currently 48.23%.
In other news, Director Lyle G. Ganske sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 11,493 shares of the company’s stock, valued at approximately $520,632.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Glenn E. Deegan sold 1,825 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $43.37, for a total transaction of $79,150.25. Following the transaction, the vice president now directly owns 41,419 shares of the company’s stock, valued at $1,796,342.03. The disclosure for this sale can be found here. Insiders have sold a total of 65,789 shares of company stock worth $3,018,658 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.
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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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