$0.58 EPS Expected for Altra Industrial Motion Corp. (AIMC)

September 25, 2018 - By Richard Slagle

Altra Industrial Motion Corp. (NASDAQ:AIMC) LogoInvestors sentiment increased to 1.54 in 2018 Q2. Its up 0.22, from 1.32 in 2018Q1. It increased, as 14 investors sold Altra Industrial Motion Corp. shares while 32 reduced holdings. 12 funds opened positions while 59 raised stakes. 28.98 million shares or 0.44% less from 29.11 million shares in 2018Q1 were reported.
Employees Retirement Association Of Colorado reported 354,949 shares. Kennedy Capital Mngmt Inc invested in 275,452 shares. Glob X Mngmt Lc holds 0% or 6,507 shares. Anchor Bolt Capital L P reported 439,334 shares stake. National Bank & Trust Of America De has invested 0% in Altra Industrial Motion Corp. (NASDAQ:AIMC). 10,194 are held by Susquehanna Gp Llp. Quantbot Technologies Limited Partnership has 1,493 shares for 0% of their portfolio. Raymond James Fincl Svcs owns 13,758 shares or 0% of their US portfolio. Schwab Charles Inv Management Inc has invested 0.01% in Altra Industrial Motion Corp. (NASDAQ:AIMC). Gotham Asset Mgmt Ltd Company has 0.02% invested in Altra Industrial Motion Corp. (NASDAQ:AIMC) for 28,690 shares. Commonwealth Of Pennsylvania School Empls Retrmt accumulated 10,156 shares. 31,723 were reported by Teachers Retirement Sys Of The State Of Kentucky. Barrow Hanley Mewhinney And Strauss Ltd Company has invested 0.01% of its portfolio in Altra Industrial Motion Corp. (NASDAQ:AIMC). Oppenheimer Asset Mngmt invested 0.04% in Altra Industrial Motion Corp. (NASDAQ:AIMC). Ameritas Investment Ptnrs holds 0.01% or 2,517 shares in its portfolio.

Since May 11, 2018, it had 0 insider buys, and 3 selling transactions for $784,031 activity. WOODWARD JAMES H JR sold $579,471 worth of stock.

Analysts expect Altra Industrial Motion Corp. (NASDAQ:AIMC) to report $0.58 EPS on October, 19.They anticipate $0.10 EPS change or 20.83 % from last quarter’s $0.48 EPS. AIMC’s profit would be $17.03 million giving it 18.45 P/E if the $0.58 EPS is correct. After having $0.71 EPS previously, Altra Industrial Motion Corp.’s analysts see -18.31 % EPS growth. The stock increased 0.00% or $0.4 during the last trading session, reaching $42.8. About 3.20M shares traded or 239.84% up from the average. Altra Industrial Motion Corp. (NASDAQ:AIMC) has declined 16.61% since September 25, 2017 and is downtrending. It has underperformed by 32.23% the S&P500.

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

Among 3 analysts covering Altra Industrial Motion (NASDAQ:AIMC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Altra Industrial Motion had 4 analyst reports since July 27, 2018 according to SRatingsIntel. BMO Capital Markets maintained it with “Outperform” rating and $56 target in Thursday, August 30 report. The company was upgraded on Thursday, August 30 by Sidoti. The firm earned “Outperform” rating on Friday, July 27 by BMO Capital Markets. On Thursday, August 30 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”.

Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company has market cap of $1.26 billion. The firm operates through three divisions: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It has a 23.26 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.

More news for Altra Industrial Motion Corp. (NASDAQ:AIMC) were recently published by: Streetinsider.com, which released: “Form 425 Fortive Corp Filed by: Fortive Corp” on September 24, 2018. Benzinga.com‘s article titled: “KeyBanc Bullish On Altra Industrial Motion After Fortive Acquisition” and published on August 30, 2018 is yet another important article.

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

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