Altra Industrial Motion Corp (NASDAQ:AIMC) announced a quarterly dividend on Tuesday, February 13th, Zacks reports. Shareholders of record on Monday, March 19th will be given a dividend of 0.17 per share by the industrial products company on Tuesday, April 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Friday, March 16th.
Shares of Altra Industrial Motion (NASDAQ AIMC) traded down $0.50 during midday trading on Wednesday, hitting $45.80. The stock had a trading volume of 168,000 shares, compared to its average volume of 121,891. The stock has a market capitalization of $1,355.45, a PE ratio of 32.48 and a beta of 1.61. Altra Industrial Motion has a one year low of $35.20 and a one year high of $53.70. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.57 and a current ratio of 2.69.
Several brokerages have recently weighed in on AIMC. BidaskClub cut Altra Industrial Motion from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Robert W. Baird reiterated a “neutral” rating on shares of Altra Industrial Motion in a research report on Monday, October 23rd. Finally, ValuEngine cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $49.40.
In related news, VP Craig Schuele sold 3,315 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $50.00, for a total transaction of $165,750.00. Following the completion of 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 document filed with the SEC, which is available through this link. 3.20% of the stock is owned by insiders.
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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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