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NASDAQ:AIMC

Altra Industrial Motion Stock Forecast, Price & News

$40.51
-0.70 (-1.70 %)
(As of 09/17/2020 12:00 AM ET)
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Today's Range
$39.73
Now: $40.51
$40.95
50-Day Range
$34.23
MA: $38.85
$42.00
52-Week Range
$12.00
Now: $40.51
$43.17
Volume385,641 shs
Average Volume421,682 shs
Market Capitalization$2.62 billion
P/E RatioN/A
Dividend Yield0.39%
Beta2.61
Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies and Automation & Specialty. The Power Transmission Technologies segment offers couplings, such as gear couplings, diaphragm and disc couplings, elastomeric couplings, miniature and precision couplings, 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 Automation & Specialty 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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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.31 out of 5 stars


Industry, Sector and Symbol

Industry General industrial machinery,
Sub-IndustryIndustrial Machinery
Current SymbolNASDAQ:AIMC
CUSIP02208R10
Phone781-917-0600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.83 billion
Cash Flow$5.03 per share
Book Value$29.77 per share

Profitability

Net Income$127.20 million

Miscellaneous

Employees9,200
Market Cap$2.62 billion
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$40.51
-0.70 (-1.70 %)
(As of 09/17/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Altra Industrial Motion (NASDAQ:AIMC) Frequently Asked Questions

How has Altra Industrial Motion's stock price been impacted by Coronavirus?

Altra Industrial Motion's stock was trading at $21.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AIMC stock has increased by 89.7% and is now trading at $40.51.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Altra Industrial Motion?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altra Industrial Motion in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Altra Industrial Motion
.

When is Altra Industrial Motion's next earnings date?

Altra Industrial Motion is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Altra Industrial Motion
.

How were Altra Industrial Motion's earnings last quarter?

Altra Industrial Motion Corp (NASDAQ:AIMC) released its quarterly earnings data on Friday, July, 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.34 by $0.26. The industrial products company earned $400.80 million during the quarter, compared to analyst estimates of $367.98 million. Altra Industrial Motion had a negative net margin of 1.85% and a positive return on equity of 9.13%. The firm's quarterly revenue was down 14.1% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS.
View Altra Industrial Motion's earnings history
.

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 Thursday, July 23rd. Shareholders of record on Friday, September 18th will be given a dividend of $0.04 per share on Friday, October 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Thursday, September 17th.
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 2020 Pre-Market earnings guidance on Friday, July, 24th. The company provided EPS guidance of 2.05-2.30 for the period, compared to the Thomson Reuters consensus estimate of $1.84. The company issued revenue guidance of $1.58-1.64 billion, compared to the consensus revenue estimate of $1.57 billion.

What price target have analysts set for AIMC?

6 brokers have issued 12 month price objectives for Altra Industrial Motion's shares. Their forecasts range from $22.00 to $49.00. On average, they expect Altra Industrial Motion's stock price to reach $38.00 in the next year. This suggests that the stock has a possible downside of 6.2%.
View analysts' price targets for Altra Industrial Motion
.

Are investors shorting Altra Industrial Motion?

Altra Industrial Motion saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,320,000 shares, a decline of 12.0% from the August 15th total of 1,500,000 shares. Based on an average daily volume of 314,600 shares, the short-interest ratio is presently 4.2 days. Currently, 2.1% of the company's shares are short sold.
View Altra Industrial Motion's Short Interest
.

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), Applied Materials (AMAT), Micron Technology (MU), Opko Health (OPK), Occidental Petroleum (OXY), Aduro BioTech (ADRO), Ampio Pharmaceuticals (AMPE), Activision Blizzard (ATVI) and Berry Global Group (BERY).

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 59)
  • Mr. Christian Storch, VP & CFO (Age 59)
  • Mr. Todd B. Patriacca, Chief Accounting Officer, VP of Fin., Corp. Controller & Treasurer (Age 49)
  • Mr. Glenn E. Deegan, VP of Legal & HR, Gen. Counsel and Sec. (Age 52)
  • Mr. Craig Schuele, VP of Marketing & Bus. Devel. (Age 55)

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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.94%), Wasatch Advisors Inc. (7.09%), Thrivent Financial for Lutherans (5.80%), Silvercrest Asset Management Group LLC (4.52%), Macquarie Group Ltd. (4.34%) and Victory Capital Management Inc. (3.84%). Company insiders that own Altra Industrial Motion stock include Carl R Christenson, Christian Storch, Glenn E Deegan, James H Woodward Jr, Larry Mcpherson, Lipscomb S Michael and Lyle G Ganske.
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 Silvercrest Asset Management Group LLC, Marshall Wace LLP, Thrivent Financial for Lutherans, Vanguard Group Inc., Goldman Sachs Group Inc., Van Den Berg Management I Inc., Bridgeway Capital Management Inc., and SG Americas Securities LLC. Company insiders that have sold Altra Industrial Motion company stock in the last year include Christian Storch, Glenn E Deegan, James H Woodward Jr, Larry Mcpherson, and Lyle G Ganske.
View insider buying and selling activity for Altra Industrial Motion
.

Which major investors are buying Altra Industrial Motion stock?

AIMC stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Prudential Financial Inc., Wasatch Advisors Inc., Macquarie Group Ltd., Moody Aldrich Partners LLC, Bank of America Corp DE, Sei Investments Co., and Bank of New York Mellon Corp. Company insiders that have bought Altra Industrial Motion stock in the last two years include Carl R Christenson, and Lipscomb S Michael.
View insider buying and selling activity for Altra Industrial Motion
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Altra Industrial Motion's stock price today?

One share of AIMC stock can currently be purchased for approximately $40.51.

How big of a company is Altra Industrial Motion?

Altra Industrial Motion has a market capitalization of $2.62 billion and generates $1.83 billion in revenue each year. The industrial products company earns $127.20 million in net income (profit) each year or $2.86 on an earnings per share basis. Altra Industrial Motion employs 9,200 workers across the globe.

What is Altra Industrial Motion's official website?

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

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 9/18/2020 by MarketBeat.com Staff

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