Craig Schuele Sells 3,315 Shares of Altra Industrial Motion Corp (NASDAQ:AIMC) Stock

Altra Industrial Motion Corp (NASDAQ:AIMC) VP Craig Schuele sold 3,315 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now owns 67,886 shares in the company, valued at approximately $3,394,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Craig Schuele also recently made the following trade(s):

  • On Wednesday, October 18th, Craig Schuele sold 1,685 shares of Altra Industrial Motion stock. The shares were sold at an average price of $50.00, for a total transaction of $84,250.00.

Shares of Altra Industrial Motion Corp (NASDAQ AIMC) opened at $51.55 on Friday. Altra Industrial Motion Corp has a twelve month low of $35.20 and a twelve month high of $51.75. The firm has a market cap of $1,510.00, a PE ratio of 36.56 and a beta of 1.67. The company has a current ratio of 2.69, a quick ratio of 1.57 and a debt-to-equity ratio of 0.77.

Altra Industrial Motion (NASDAQ:AIMC) last announced its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Altra Industrial Motion had a net margin of 4.92% and a return on equity of 16.30%. The company had revenue of $214.60 million during the quarter, compared to analyst estimates of $210.79 million. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. equities analysts forecast that Altra Industrial Motion Corp will post 2.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Monday, December 18th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. Altra Industrial Motion’s dividend payout ratio is currently 48.23%.

AIMC has been the topic of several recent analyst reports. ValuEngine downgraded shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of Altra Industrial Motion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Robert W. Baird reissued a “neutral” rating on shares of Altra Industrial Motion in a research note on Monday, October 23rd. BidaskClub raised shares of Altra Industrial Motion from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Finally, Sidoti cut shares of Altra Industrial Motion from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Altra Industrial Motion presently has a consensus rating of “Hold” and a consensus target price of $49.20.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Altra Industrial Motion by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,229,616 shares of the industrial products company’s stock valued at $88,739,000 after purchasing an additional 189,048 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Altra Industrial Motion by 1.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,749,808 shares of the industrial products company’s stock worth $69,642,000 after acquiring an additional 23,428 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Altra Industrial Motion by 28.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,579,701 shares of the industrial products company’s stock worth $75,984,000 after acquiring an additional 348,393 shares in the last quarter. Earnest Partners LLC raised its stake in shares of Altra Industrial Motion by 1.4% during the 3rd quarter. Earnest Partners LLC now owns 1,579,589 shares of the industrial products company’s stock worth $75,978,000 after acquiring an additional 21,044 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Altra Industrial Motion by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,301,192 shares of the industrial products company’s stock worth $51,787,000 after acquiring an additional 17,428 shares in the last quarter. Institutional investors and hedge funds own 99.22% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Craig Schuele Sells 3,315 Shares of Altra Industrial Motion Corp (NASDAQ:AIMC) Stock” was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thelincolnianonline.com/2018/01/14/craig-schuele-sells-3315-shares-of-altra-industrial-motion-corp-aimc-stock-updated-updated.html.

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.

Insider Buying and Selling by Quarter for Altra Industrial Motion (NASDAQ:AIMC)

Receive News & Ratings for Altra Industrial Motion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply