Altra Industrial Motion Corp (AIMC) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its position in shares of Altra Industrial Motion Corp (NASDAQ:AIMC) by 18.5% during the 4th quarter, Holdings Channel reports. The firm owned 155,479 shares of the industrial products company’s stock after buying an additional 24,265 shares during the quarter. Deutsche Bank AG’s holdings in Altra Industrial Motion were worth $7,834,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC grew its stake in Altra Industrial Motion by 9.4% during the 4th quarter. Renaissance Technologies LLC now owns 271,500 shares of the industrial products company’s stock valued at $13,684,000 after purchasing an additional 23,400 shares during the last quarter. Kennedy Capital Management Inc. grew its stake in Altra Industrial Motion by 43.3% during the 4th quarter. Kennedy Capital Management Inc. now owns 273,817 shares of the industrial products company’s stock valued at $13,800,000 after purchasing an additional 82,702 shares during the last quarter. Geode Capital Management LLC grew its stake in Altra Industrial Motion by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 266,931 shares of the industrial products company’s stock valued at $13,453,000 after purchasing an additional 2,196 shares during the last quarter. Brown Advisory Inc. grew its stake in Altra Industrial Motion by 64.1% during the 4th quarter. Brown Advisory Inc. now owns 12,123 shares of the industrial products company’s stock valued at $611,000 after purchasing an additional 4,735 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Altra Industrial Motion by 47.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 123,426 shares of the industrial products company’s stock valued at $6,221,000 after purchasing an additional 39,948 shares during the last quarter. Institutional investors and hedge funds own 98.32% of the company’s stock.

Shares of AIMC opened at $44.85 on Friday. Altra Industrial Motion Corp has a 52 week low of $36.50 and a 52 week high of $53.70. The company has a current ratio of 2.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $1,348.70, a PE ratio of 21.88 and a beta of 1.64.

Altra Industrial Motion (NASDAQ:AIMC) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.02). Altra Industrial Motion had a return on equity of 15.92% and a net margin of 5.87%. The company had revenue of $223.30 million during the quarter, compared to analysts’ expectations of $214.70 million. During the same quarter in the previous year, the company earned $0.41 EPS. The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. research analysts predict that Altra Industrial Motion Corp will post 2.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Monday, March 19th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.52%. Altra Industrial Motion’s payout ratio is 33.17%.

Several research firms have weighed in on AIMC. ValuEngine upgraded Altra Industrial Motion from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. BidaskClub upgraded Altra Industrial Motion from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Stephens reiterated a “buy” rating and set a $52.00 price target on shares of Altra Industrial Motion in a research note on Thursday, March 8th. Finally, Robert W. Baird upgraded Altra Industrial Motion from a “neutral” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Thursday, March 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Altra Industrial Motion presently has a consensus rating of “Buy” and a consensus price target of $51.00.

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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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Institutional Ownership by Quarter for Altra Industrial Motion (NASDAQ:AIMC)

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