Rosenblatt Securities Reaffirms Their Hold Rating on Altra Industrial Motion (AIMC)

Rosenblatt Securities analyst Scott Graham maintained a Hold rating on Altra Industrial Motion (AIMCResearch Report) on October 15 and set a price target of $42.00. The company’s shares closed last Friday at $40.82, close to its 52-week high of $43.17.

According to, Graham is a 4-star analyst with an average return of 8.8% and a 63.7% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings, Rockwell Automation, and AO Smith.

Currently, the analyst consensus on Altra Industrial Motion is a Strong Buy with an average price target of $45.25.

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Based on Altra Industrial Motion’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $401 million and net profit of $21.7 million. In comparison, last year the company earned revenue of $467 million and had a net profit of $29 million.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AIMC in relation to earlier this year.

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Altra Industrial Motion Corp. engages in the designs, production, and marketing of electromechanical power transmission motion control. It operates through the Power Transmission Technologies; and Automation and Specialty segments. The Power Transmission Technologies segment focuses in the production of couplings, clutches, and brakes; electromagnetic clutches and brakes; and gears. The Automation and Specialty segment consists brands such as Kollmorgen, Portescap, Thomson, and Jacobs Vehicle Systems (JVS). The company was founded in 2004 and is headquartered in Braintree, MA.