Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Altra Industrial Motion (AIMC) Share P

News headlines about Altra Industrial Motion (NASDAQ:AIMC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altra Industrial Motion earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.7449639678974 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

AIMC has been the topic of several recent analyst reports. Zacks Investment Research downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. 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. ValuEngine downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Monday, April 23rd. Stephens reiterated a “buy” rating and set a $52.00 target price on shares of Altra Industrial Motion in a research note on Thursday, March 8th. Finally, BidaskClub upgraded Altra Industrial Motion from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.20.

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Shares of Altra Industrial Motion traded up $0.45, reaching $44.50, on Friday, MarketBeat.com reports. The stock had a trading volume of 596,350 shares, compared to its average volume of 127,339. The company has a market cap of $1.29 billion, a P/E ratio of 21.71 and a beta of 1.63. Altra Industrial Motion has a 1 year low of $38.80 and a 1 year high of $53.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.58 and a quick ratio of 1.54.

Altra Industrial Motion (NASDAQ:AIMC) last released its quarterly earnings results on Friday, April 27th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.05. The firm had revenue of $240.39 million for the quarter, compared to the consensus estimate of $229.34 million. Altra Industrial Motion had a return on equity of 16.28% and a net margin of 5.56%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. analysts expect that Altra Industrial Motion will post 2.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Monday, June 18th will be paid a $0.17 dividend. The ex-dividend date is Friday, June 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.53%. Altra Industrial Motion’s dividend payout ratio (DPR) is currently 33.17%.

In related news, Director James H. Woodward, Jr. sold 13,523 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $42.85, for a total value of $579,460.55. Following the transaction, the director now directly owns 11,998 shares of the company’s stock, valued at approximately $514,114.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Todd Patriacca sold 700 shares of the firm’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $46.00, for a total value of $32,200.00. Following the completion of the transaction, the vice president now directly owns 25,890 shares in the company, valued at $1,190,940. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,223 shares of company stock worth $784,021. Company insiders own 3.20% of the company’s stock.

Altra Industrial Motion Company Profile

Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, oil and gas, power generation, material handling, medical, metals, mining, and mobile off-highway markets; and heavy duty clutches and brakes under the Wichita Clutch, Twiflex, Industrial Clutch, Svendborg Brakes, and Stromag brands for use in metal forming, oil and gas drilling platforms, mining, material handling, marine, and wind turbine applications.