The VP Finance & Corp Controller of Altra Holdings (AIMC) is Selling Shares


Today, the VP Finance & Corp Controller of Altra Holdings (NASDAQ: AIMC), Todd Patriacca, sold shares of AIMC for $172.4K.

Following Todd Patriacca’s last AIMC Sell transaction on May 15, 2017, the stock climbed by 1.2%. In addition to Todd Patriacca, one other AIMC executive reported Sell trades in the last month.

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Based on Altra Holdings’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $240 million and quarterly net profit of $9 million. In comparison, last year the company earned revenue of $215 million and had a net profit of $10.33 million. AIMC’s market cap is $1.24B and the company has a P/E ratio of 24.68. Currently, Altra Holdings has an average volume of 41.56K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $55.67, reflecting a -23.1% downside.

The insider sentiment on Altra Holdings has been negative according to 68 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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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