Altra Industrial Motion Corp (NASDAQ:AIMC) Quarterly Sentiment Change Report

April 17, 2018 - By Marie Mckinney

Altra Industrial Motion Corp. (NASDAQ:AIMC) Logo

Sentiment for Altra Industrial Motion Corp (NASDAQ:AIMC)

Altra Industrial Motion Corp (NASDAQ:AIMC) institutional sentiment decreased to 1.11 in Q4 2017. Its down -0.19, from 1.3 in 2017Q3. The ratio has worsened, as 69 funds increased and opened new positions, while 62 decreased and sold stakes in Altra Industrial Motion Corp. The funds in our partner’s database now have: 28.68 million shares, down from 28.80 million shares in 2017Q3. Also, the number of funds holding Altra Industrial Motion Corp in their top 10 positions increased from 0 to 1 for an increase of 1. Sold All: 14 Reduced: 48 Increased: 48 New Position: 21.

Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company has market cap of $1.34 billion. The firm operates through three divisions: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It has a 25.73 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 1.22% or $0.55 during the last trading session, reaching $45.55. About 128,817 shares traded. Altra Industrial Motion Corp. (NASDAQ:AIMC) has risen 22.65% since April 17, 2017 and is uptrending. It has outperformed by 11.10% the S&P500.

Analysts await Altra Industrial Motion Corp. (NASDAQ:AIMC) to report earnings on April, 27. They expect $0.61 EPS, up 15.09 % or $0.08 from last year’s $0.53 per share. AIMC’s profit will be $17.92M for 18.67 P/E if the $0.61 EPS becomes a reality. After $0.47 actual EPS reported by Altra Industrial Motion Corp. for the previous quarter, Wall Street now forecasts 29.79 % EPS growth.

Spitfire Capital Llc holds 3.88% of its portfolio in Altra Industrial Motion Corp. for 174,087 shares. Rk Capital Management Llc owns 214,145 shares or 2.27% of their US portfolio. Moreover, Redwood Investments Llc has 1.51% invested in the company for 424,383 shares. The Pennsylvania-based Alphaone Investment Services Llc has invested 1.48% in the stock. Wasatch Advisors Inc, a Utah-based fund reported 1.68 million shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $1.21 million activity.

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

Ratings analysis reveals 100% of Altra Holdings’s analysts are positive. Out of 3 Wall Street analysts rating Altra Holdings, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $49 while the high is $61.0. The stock’s average target of $53.33 is 17.08% above today’s ($45.55) share price. AIMC was included in 9 notes of analysts from October 20, 2017. The firm has “Buy” rating given on Thursday, January 25 by BMO Capital Markets. Robert W. Baird maintained it with “Neutral” rating and $49 target in Monday, October 23 report. The stock has “Hold” rating by Robert W. Baird on Friday, October 20. The rating was maintained by Robert W. Baird on Wednesday, December 13 with “Hold”. The firm has “Buy” rating by Stephens given on Thursday, March 8. As per Thursday, February 22, the company rating was maintained by Stephens. On Friday, February 23 the stock rating was maintained by BMO Capital Markets with “Outperform”. The stock of Altra Industrial Motion Corp. (NASDAQ:AIMC) earned “Outperform” rating by Robert W. Baird on Thursday, March 8. Robert W. Baird maintained the shares of AIMC in report on Thursday, February 22 with “Neutral” rating.

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

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