The Chairman & CEO of Altra Holdings (AIMC) is Buying Shares


Yesterday, the Chairman & CEO of Altra Holdings (AIMC), Carl Christenson, bought shares of AIMC for $157.2K.

This is Christenson’s first Buy trade following 7 Sell transactions. This recent transaction increases Carl Christenson’s holding in the company by 1.92% to a total of $8.96 million.

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Based on Altra Holdings’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $228 million and quarterly net profit of $12.31 million. In comparison, last year the company earned revenue of $215 million and had a net profit of $13.28 million. AIMC’s market cap is $983M and the company has a P/E ratio of 18.66. Currently, Altra Holdings has an average volume of 618.9K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $51.00, reflecting a 51.0% upside. Starting in February 2018, AIMC received 11 Buy ratings in a row. Four different firms, including BMO Capital and KeyBanc, currently also have a Buy rating on the stock.

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Altra Industrial Motion Corp. designs, produces and markets mechanical power transmission products. It operates through the following segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing.

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