Altra Industrial Motion Corp. (NASDAQ:AIMC) Director Lyle G. Ganske sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $28.63, for a total value of $143,150.00. Following the completion of the transaction, the director now directly owns 17,564 shares of the company’s stock, valued at approximately $502,857.32. The sale was disclosed in a filing with the SEC, which is accessible through this link.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Monday, September 19th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.08%.
Altra Industrial Motion Corp. (NASDAQ:AIMC) traded down 1.00% during mid-day trading on Thursday, hitting $28.57. The company had a trading volume of 94,020 shares. The firm has a market capitalization of $740.08 million and a PE ratio of 21.50. The company has a 50 day moving average of $27.93 and a 200 day moving average of $26.28. Altra Industrial Motion Corp. has a 1-year low of $20.55 and a 1-year high of $30.00.
AIMC has been the topic of several recent research reports. TheStreet upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, March 31st. BMO Capital Markets initiated coverage on Altra Industrial Motion Corp. in a research note on Tuesday, April 5th. They issued an “outperform” rating and a $32.00 price target on the stock. Robert W. Baird restated a “hold” rating on shares of Altra Industrial Motion Corp. in a research note on Monday, May 2nd. Finally, Zacks Investment Research downgraded Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.00.
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. The Company’s products are used to control and transmit power and torque in virtually any industrial application involving movement.
