Altra Industrial Motion Corp (NASDAQ:AIMC) Institutional Investors Sentiment Change

January 22, 2018 - By Maria Brooks

 Altra Industrial Motion Corp (NASDAQ:AIMC) Institutional Investors Sentiment Change

Sentiment for Altra Industrial Motion Corp (NASDAQ:AIMC)

Altra Industrial Motion Corp (NASDAQ:AIMC) institutional sentiment decreased to 1.3 in 2017 Q3. Its down -0.19, from 1.49 in 2017Q2. The ratio dived, as 69 investment professionals increased or opened new positions, while 53 sold and reduced stakes in Altra Industrial Motion Corp. The investment professionals in our partner’s database now hold: 28.80 million shares, up from 28.53 million shares in 2017Q2. Also, the number of investment professionals holding Altra Industrial Motion Corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 43 Increased: 42 New Position: 27.

Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company has market cap of $1.56 billion. The firm operates through three divisions: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It has a 37.26 P/E ratio. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, gas and oil, 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, gas and oil drilling platforms, mining, material handling, marine, and wind turbine applications.

The stock increased 3.29% or $1.7 during the last trading session, reaching $53.35. About 115,798 shares traded. Altra Industrial Motion Corp. (NASDAQ:AIMC) has risen 63.08% since January 22, 2017 and is uptrending. It has outperformed by 46.38% the S&P500.

Analysts await Altra Industrial Motion Corp. (NASDAQ:AIMC) to report earnings on February, 26. They expect $0.49 EPS, up 19.51 % or $0.08 from last year’s $0.41 per share. AIMC’s profit will be $14.35 million for 27.22 P/E if the $0.49 EPS becomes a reality. After $0.48 actual EPS reported by Altra Industrial Motion Corp. for the previous quarter, Wall Street now forecasts 2.08 % EPS growth.

Spitfire Capital Llc holds 4.31% of its portfolio in Altra Industrial Motion Corp. for 214,587 shares. Rk Capital Management Llc owns 224,545 shares or 2.52% of their US portfolio. Moreover, Alphaone Investment Services Llc has 1.24% invested in the company for 96,918 shares. The Massachusetts-based Eagle Boston Investment Management Inc has invested 1.04% in the stock. Aristotle Capital Boston Llc, a Massachusetts-based fund reported 219,138 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 9 insider sales for $3.76 million activity.

Altra Industrial Motion Corp. (NASDAQ:AIMC) Ratings Coverage

Ratings analysis reveals 33% of Altra Holdings’s analysts are positive. Out of 3 Wall Street analysts rating Altra Holdings, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $23 while the high is $57.0. The stock’s average target of $50.33 is -5.66% below today’s ($53.35) share price. AIMC was included in 12 notes of analysts from February 4, 2016. BMO Capital Markets maintained it with “Outperform” rating and $53 target in Wednesday, July 26 report. The firm has “Hold” rating given on Wednesday, October 4 by Robert W. Baird. The stock of Altra Industrial Motion Corp. (NASDAQ:AIMC) has “Outperform” rating given on Tuesday, April 5 by BMO Capital Markets. The stock of Altra Industrial Motion Corp. (NASDAQ:AIMC) earned “Hold” rating by Robert W. Baird on Friday, October 20. As per Wednesday, September 6, the company rating was maintained by BMO Capital Markets. The stock has “Neutral” rating by Robert W. Baird on Monday, October 23. The firm earned “Hold” rating on Wednesday, December 13 by Robert W. Baird. The company was maintained on Tuesday, June 27 by BMO Capital Markets. Jefferies maintained it with “Hold” rating and $4000 target in Thursday, June 15 report. The stock of Altra Industrial Motion Corp. (NASDAQ:AIMC) earned “Buy” rating by BMO Capital Markets on Monday, October 16.

More notable recent Altra Industrial Motion Corp. (NASDAQ:AIMC) news were published by: Nasdaq.com which released: “Altra Industrial Motion Corp. (AIMC) Ex-Dividend Date Scheduled for September …” on September 14, 2017, also Nasdaq.com with their article: “Altra Industrial Motion Corp. (AIMC) Ex-Dividend Date Scheduled for December …” published on December 14, 2017, Seekingalpha.com published: “Altra Industrial Motion’s (AIMC) CEO Carl Christenson on Q3 2017 Results …” on October 20, 2017. More interesting news about Altra Industrial Motion Corp. (NASDAQ:AIMC) were released by: Globenewswire.com and their article: “Altra Industrial Motion Corp. Announces Fourth Quarter 2017 Dividend” published on October 18, 2017 as well as Globenewswire.com‘s news article titled: “Altra Industrial Motion Corp. to Host Conference Call on Third Quarter 2017 …” with publication date: January 03, 2017.

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