November 28, 2016 - By Ruchi Gupta
Gerald Ferris who is presently the V.P. Global Sales of Altra Industrial Motion Corp lately sold 15,000 shares of the stock exchange listed company. The insider deal has $531,001 U.S. Dollars total value, at an average price per share of $35.4. And, It’s sure Gerald’s transaction isn’t going to remain hidden as he today is owning 42,125 shares – ( 0.16% of Altra Industrial Motion Corp’s Market Cap ).
Out of 2 analysts covering Altra Holdings (NASDAQ:AIMC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $32 is the highest target while $23 is the lowest. The $27.50 average target is -21.54% below today’s ($35.05) stock price. Altra Holdings has been the topic of 3 analyst reports since February 4, 2016 according to StockzIntelligence Inc. BMO Capital Markets initiated Altra Industrial Motion Corp (NASDAQ:AIMC) on Tuesday, April 5 with “Outperform” rating.
Insitutional Activity: The institutional sentiment increased to 1.48 in 2016 Q2. Its up 0.66, from 0.82 in 2016Q1. The ratio improved, as 13 funds sold all Altra Industrial Motion Corp shares owned while 44 reduced positions. 11 funds bought stakes while 36 increased positions. They now own 26.41 million shares or 5.84% less from 28.05 million shares in 2016Q1.
Renaissance Ltd Limited Liability Company has 0.01% invested in the company for 195,300 shares. Voya Invest Llc has invested 0% of its portfolio in Altra Industrial Motion Corp (NASDAQ:AIMC). Ameriprise owns 266,337 shares or 0% of their US portfolio. The Minnesota-based Us Bank De has invested 0% in Altra Industrial Motion Corp (NASDAQ:AIMC). Moreover, Lsv Asset Mgmt has 0% invested in Altra Industrial Motion Corp (NASDAQ:AIMC) for 18,100 shares. First Personal Financial Svcs holds 145 shares or 0% of its portfolio. Alphaone Inv Services Ltd has 71,741 shares for 0.71% of their US portfolio. Public Employees Retirement Association Of Colorado holds 0.03% or 142,000 shares in its portfolio. Morgan Stanley, a New York-based fund reported 114,391 shares. Thompson Siegel & Walmsley Limited Co has invested 0% of its portfolio in Altra Industrial Motion Corp (NASDAQ:AIMC). Ubs Asset Management Americas accumulated 0% or 11,998 shares. Dimensional Fund Limited Partnership holds 0.02% or 1.37M shares in its portfolio. The Manitoba – Canada-based Ig Mgmt has invested 0% in Altra Industrial Motion Corp (NASDAQ:AIMC). Legal And General Group Public Llc holds 3,773 shares or 0% of its portfolio. Blackrock Grp Inc Inc has 0% invested in the company for 13,385 shares.
Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 12 selling transactions for $3.25 million net activity. $307,500 worth of shares were sold by STORCH CHRISTIAN on Monday, November 7. $150,000 worth of Altra Industrial Motion Corp (NASDAQ:AIMC) was sold by Ferris Gerald P on Friday, October 21. 8,847 shares were sold by WOODWARD JAMES H JR, worth $250,691. DEEGAN GLENN E. sold $72,523 worth of stock. Christenson Carl R had sold 20,000 shares worth $694,620. 5,000 shares were sold by Ganske Lyle G., worth $143,165. On Friday, October 21 the insider Schuele Craig sold $75,000.
The stock decreased 1.13% or $0.4 during the last trading session, hitting $35.05. About 79,503 shares traded hands. Altra Industrial Motion Corp (NASDAQ:AIMC) has risen 23.13% since April 25, 2016 and is uptrending. It has outperformed by 17.12% the S&P500.
Altra Industrial Motion Corp. is a designer, producer and marketer of a range of mechanical power transmission components. The company has a market cap of $907.25 million. The Firm operates through three divisions: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. It has a 30.69 P/E ratio. The Company’s products are used to control and transmit power and torque in virtually any industrial application involving movement.
According to Zacks Investment Research, “Altra Industrial Motion Corp. is a designer, producer and marketer of electromechanical power transmission products. The Company’s product portfolio includes industrial clutches and brakes, enclosed gear drives, open gearing, couplings, engineered bearing assemblies, linear components and other related products. Its brand include Ameridrives Couplings, Bauer Gear Motor, Bibby Turboflex, Boston Gear, Delroyd Worm Gear, Formsprag Clutch, Guardian Couplings, Huco, Industrial Clutch, Inertia Dynamics, Kilian Manufacturing, Lamiflex Couplings, Marland Clutch, Matrix, Nuttall Gear, Stieber Clutch, Svendborg Brakes, TB Wood’s, Twiflex, Warner Electric, Warner Linear and Wichita Clutch. Altra Industrial Motion Corp., formerly known as Altra Holdings, Inc., is headquartered in Braintree, Massachusetts.”
Analysts await Altra Industrial Motion Corp (NASDAQ:AIMC) to report earnings on February, 15. They expect $0.35 earnings per share, down 2.78% or $0.01 from last year’s $0.36 per share. AIMC’s profit will be $9.06 million for 25.04 P/E if the $0.35 EPS becomes a reality. After $0.35 actual earnings per share reported by Altra Industrial Motion Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More recent Altra Industrial Motion Corp (NASDAQ:AIMC) news were published by: Zacks.com which released: “Altra Industrial Offers Solid Growth Potential, Runs Risks” on November 28, 2016. Also Marketwatch.com published the news titled: “Altra Industrial Motion Corp.” on December 09, 2010. Streetinsider.com‘s news article titled: “Altra Industrial Motion (AIMC) to Acquire GKN’s Stromag” with publication date: October 21, 2016 was also an interesting one.
Altra Industrial Motion Corp., incorporated on October 20, 2004, is a designer, producer and marketer of a range of mechanical power transmission (MPT) components. The Firm operates through three divisions: 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. The Company’s product portfolio includes clutches and brakes, couplings and gearing, and power transmission components. The Company’s products are used in a range of manufacturing processes. The Company’s products are also used in non-manufacturing applications, such as clutches and brakes for elevators, and residential and commercial lawnmowers. The Company’s products serve a range of end markets, including energy, general industrial, material handling, mining, transportation, and turf and garden.
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By Ruchi Gupta