NASDAQ:AIMC

Altra Industrial Motion Stock Forecast, Price & News

$66.12
+0.81 (+1.24 %)
(As of 06/15/2021 12:00 AM ET)
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Today's Range
$64.62
$66.27
50-Day Range
$59.01
$67.69
52-Week Range
$28.37
$68.07
Volume167,088 shs
Average Volume362,356 shs
Market Capitalization$4.28 billion
P/E Ratio32.90
Dividend Yield0.37%
Beta2.55
30 days | 90 days | 365 days | Advanced Chart
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Altra Industrial Motion logo

About Altra Industrial Motion

Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in various motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies (PTT) and Automation & Specialty (A&S). The PTT segment offers couplings, such as gear couplings, diaphragm and disc couplings, elastomeric couplings, miniature and precision couplings, universal joints, mill spindles, and shaft locking devices under the Ameridrives, Bibby, Guardian, Huco, Lamiflex, Stromag, and TB Wood's brands; clutches and brakes under the Industrial Clutch, Formsprag, Stieber, Stromag, Svendborg, Twiflex, and Wichita brands; electromagnetic clutches and brakes under the Inertia Dynamics, Matrix, Stromag, and Warner Electric brands; and gears under the Bauer Gear Motor, Boston Gear, Delroyd, and Nuttall brands. The A&S segment provides rotary precision motion solutions, including servo and stepper motors, precision linear actuators, and electronic drives and motion controllers, as well as related software under the Kollmorgen brand; and miniature motors, as well as motion control products, such as brush and brushless DC, can stack, and disc magnet motors under the Portescap brand. This segment also offers linear bearings, guides, glides, lead and ball screws, industrial linear actuators, resolvers, and inductors for the transition of rotary motion to linear motion under the Thomson brand; and heavy-duty diesel engine brake systems and valve actuation mechanisms, including compression release, and bleeder and exhaust brakes under the Jacobs Vehicle Systems brand. The company was formerly known as Altra Holdings, Inc. and changed its name to Altra Industrial Motion Corp. in November 2013. Altra Industrial Motion Corp. was incorporated in 2004 and is headquartered in Braintree, Massachusetts.

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MarketRank

Overall MarketRank

1.91 out of 5 stars

Industrial Products Sector

58th out of 411 stocks

General Industrial Machinery, Industry

3rd out of 14 stocks

Analyst Opinion: 1.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Altra Industrial Motion (NASDAQ:AIMC) Frequently Asked Questions

Is Altra Industrial Motion a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altra Industrial Motion in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Altra Industrial Motion stock.
View analyst ratings for Altra Industrial Motion
or view top-rated stocks.

What stocks does MarketBeat like better than Altra Industrial Motion?

Wall Street analysts have given Altra Industrial Motion a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Altra Industrial Motion wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Altra Industrial Motion's next earnings date?

Altra Industrial Motion is scheduled to release its next quarterly earnings announcement on Friday, July 23rd 2021.
View our earnings forecast for Altra Industrial Motion
.

How were Altra Industrial Motion's earnings last quarter?

Altra Industrial Motion Corp. (NASDAQ:AIMC) issued its quarterly earnings results on Wednesday, April, 28th. The industrial products company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.10. The industrial products company earned $472.10 million during the quarter, compared to analyst estimates of $457.95 million. Altra Industrial Motion had a trailing twelve-month return on equity of 10.46% and a net margin of 7.39%.
View Altra Industrial Motion's earnings history
.

How has Altra Industrial Motion's stock been impacted by COVID-19?

Altra Industrial Motion's stock was trading at $21.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AIMC shares have increased by 209.6% and is now trading at $66.12.
View which stocks have been most impacted by COVID-19
.

How often does Altra Industrial Motion pay dividends? What is the dividend yield for Altra Industrial Motion?

Altra Industrial Motion declared a quarterly dividend on Tuesday, April 27th. Shareholders of record on Friday, June 18th will be given a dividend of $0.08 per share on Friday, July 2nd. This represents a $0.32 annualized dividend and a yield of 0.48%. The ex-dividend date is Thursday, June 17th. This is an increase from Altra Industrial Motion's previous quarterly dividend of $0.06.
View Altra Industrial Motion's dividend history
.

Is Altra Industrial Motion a good dividend stock?

Altra Industrial Motion pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.37%. Altra Industrial Motion does not yet have a strong track record of dividend growth. The dividend payout ratio of Altra Industrial Motion is 8.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Altra Industrial Motion will have a dividend payout ratio of 6.40% next year. This indicates that Altra Industrial Motion will be able to sustain or increase its dividend.
View Altra Industrial Motion's dividend history.

What guidance has Altra Industrial Motion issued on next quarter's earnings?

Altra Industrial Motion issued an update on its FY 2021 earnings guidance on Thursday, May, 6th. The company provided earnings per share guidance of 3.090-3.240 for the period, compared to the Thomson Reuters consensus estimate of $3.130. The company issued revenue guidance of $1.82 billion-$1.85 billion, compared to the consensus revenue estimate of $1.83 billion.

What price target have analysts set for AIMC?

5 Wall Street analysts have issued 12 month price objectives for Altra Industrial Motion's stock. Their forecasts range from $56.00 to $70.00. On average, they expect Altra Industrial Motion's stock price to reach $63.25 in the next year. This suggests that the stock has a possible downside of 4.3%.
View analysts' price targets for Altra Industrial Motion
or view top-rated stocks among Wall Street analysts.

Who are Altra Industrial Motion's key executives?

Altra Industrial Motion's management team includes the following people:
  • Mr. Carl R. Christenson, Chairman & CEO (Age 61, Pay $2.83M)
  • Mr. Christian Storch, Exec. VP & CFO (Age 61, Pay $1.17M)
  • Mr. Todd B. Patriacca, Chief Accounting Officer, VP of Fin., Corp. Controller & Treasurer (Age 51, Pay $576.37k)
  • Mr. Glenn E. Deegan, Exec. VP of Legal & HR, Gen. Counsel and Sec. (Age 54, Pay $871.62k)
  • Mr. Craig Schuele, Exec. VP of Marketing & Bus. Devel. (Age 57, Pay $650.15k)

What is Carl R. Christenson's approval rating as Altra Industrial Motion's CEO?

14 employees have rated Altra Industrial Motion CEO Carl R. Christenson on Glassdoor.com. Carl R. Christenson has an approval rating of 100% among Altra Industrial Motion's employees. This puts Carl R. Christenson in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Altra Industrial Motion's key competitors?

What other stocks do shareholders of Altra Industrial Motion own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Altra Industrial Motion investors own include Pfizer (PFE), Advanced Micro Devices (AMD), OPKO Health (OPK), Fortive (FTV), Corning (GLW), Applied Materials (AMAT), Ampio Pharmaceuticals (AMPE), Berry Global Group (BERY), Eastman Chemical (EMN) and Louisiana-Pacific (LPX).

What is Altra Industrial Motion's stock symbol?

Altra Industrial Motion trades on the NASDAQ under the ticker symbol "AIMC."

Who are Altra Industrial Motion's major shareholders?

Altra Industrial Motion's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.21%), Wasatch Advisors Inc. (8.15%), Boston Partners (5.10%), Earnest Partners LLC (4.32%), JPMorgan Chase & Co. (4.10%) and Champlain Investment Partners LLC (3.97%). Company insiders that own Altra Industrial Motion stock include Carl R Christenson, Christian Storch, Craig Schuele, Glenn E Deegan, James H Woodward Jr, Larry Mcpherson, Lyle G Ganske and Todd Patriacca.
View institutional ownership trends for Altra Industrial Motion
.

Which major investors are selling Altra Industrial Motion stock?

AIMC stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Prudential Financial Inc., Rothschild & Co. Asset Management US Inc., Northern Trust Corp, JPMorgan Chase & Co., Allianz Asset Management GmbH, Arrowstreet Capital Limited Partnership, and Morgan Stanley. Company insiders that have sold Altra Industrial Motion company stock in the last year include Carl R Christenson, Christian Storch, Craig Schuele, Glenn E Deegan, James H Woodward Jr, Lyle G Ganske, and Todd Patriacca.
View insider buying and selling activity for Altra Industrial Motion
or view top insider-selling stocks.

Which major investors are buying Altra Industrial Motion stock?

AIMC stock was acquired by a variety of institutional investors in the last quarter, including Boston Partners, Waddell & Reed Financial Inc., Lord Abbett & CO. LLC, Principal Financial Group Inc., Principal Financial Group Inc., Loomis Sayles & Co. L P, Earnest Partners LLC, and BlackRock Inc..
View insider buying and selling activity for Altra Industrial Motion
or or view top insider-buying stocks.

How do I buy shares of Altra Industrial Motion?

Shares of AIMC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Altra Industrial Motion's stock price today?

One share of AIMC stock can currently be purchased for approximately $66.12.

How much money does Altra Industrial Motion make?

Altra Industrial Motion has a market capitalization of $4.28 billion and generates $1.73 billion in revenue each year. The industrial products company earns $-25,500,000.00 in net income (profit) each year or $2.88 on an earnings per share basis.

How many employees does Altra Industrial Motion have?

Altra Industrial Motion employs 9,100 workers across the globe.

What is Altra Industrial Motion's official website?

The official website for Altra Industrial Motion is www.altramotion.com.

Where are Altra Industrial Motion's headquarters?

Altra Industrial Motion is headquartered at 300 GRANITE STREET SUITE 201, BRAINTREE MA, 02184.

How can I contact Altra Industrial Motion?

Altra Industrial Motion's mailing address is 300 GRANITE STREET SUITE 201, BRAINTREE MA, 02184. The industrial products company can be reached via phone at 781-917-0600.


This page was last updated on 6/15/2021 by MarketBeat.com Staff
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