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NASDAQ:AIMC

Altra Industrial Motion Stock Forecast, Price & News

$53.60
-1.61 (-2.92 %)
(As of 01/27/2021 02:13 PM ET)
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Compare
Today's Range
$51.88
Now: $53.60
$54.48
50-Day Range
$52.91
MA: $56.83
$65.43
52-Week Range
$12.00
Now: $53.60
$66.38
Volume27,048 shs
Average Volume484,271 shs
Market Capitalization$3.47 billion
P/E RatioN/A
Dividend Yield0.43%
Beta2.56
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 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.
Altra Industrial Motion logo

MarketRank

Overall MarketRank

1.43 out of 5 stars

Industrial Products Sector

130th out of 397 stocks

General Industrial Machinery, Industry

3rd out of 11 stocks

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry General industrial machinery,
Sub-IndustryIndustrial Machinery
Current SymbolNASDAQ:AIMC
CUSIP02208R10
Phone781-917-0600
Employees9,200
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.83 billion
Cash Flow$4.22 per share
Book Value$29.77 per share

Profitability

Net Income$127.20 million

Miscellaneous

Market Cap$3.47 billion
Next Earnings Date2/11/2021 (Estimated)
OptionableOptionable
$53.60
-1.61 (-2.92 %)
(As of 01/27/2021 02:13 PM 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 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 (WHO). Since then, AIMC shares have increased by 149.3% and is now trading at $53.24.
View which stocks have been most impacted by COVID-19
.

Is Altra Industrial Motion a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altra Industrial Motion in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Altra Industrial Motion stock.
View analyst ratings for Altra Industrial Motion
or view MarketBeat's top 5 stock picks.

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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Altra Industrial Motion wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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.

When is Altra Industrial Motion's next earnings date?

Altra Industrial Motion is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 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 earnings results on Friday, October, 23rd. The industrial products company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.41. The industrial products company had revenue of $437.80 million for the quarter, compared to analyst estimates of $393.86 million. Altra Industrial Motion had a positive trailing twelve-month return on equity of 9.85% and a negative net margin of 1.13%. Altra Industrial Motion's revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 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 Friday, October 23rd. Stockholders of record on Friday, December 18th will be given a dividend of $0.06 per share on Tuesday, January 5th. This represents a $0.24 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Thursday, December 17th. This is a positive change from Altra Industrial Motion's previous quarterly dividend of $0.04.
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 0.43%. Altra Industrial Motion does not yet have a strock track record of dividend growth. The dividend payout ratio of Altra Industrial Motion is 8.39%. 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 7.27% 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 price target have analysts set for AIMC?

5 equities research analysts have issued 12 month price objectives for Altra Industrial Motion's stock. Their forecasts range from $22.00 to $65.00. On average, they anticipate Altra Industrial Motion's stock price to reach $50.80 in the next twelve months. This suggests that the stock has a possible downside of 4.6%.
View analysts' price targets for Altra Industrial Motion
or view Wall Street analyst' top-rated stocks.

Are investors shorting Altra Industrial Motion?

Altra Industrial Motion saw a increase in short interest in December. As of December 31st, there was short interest totaling 831,100 shares, an increase of 22.9% from the December 15th total of 676,200 shares. Based on an average trading volume of 403,100 shares, the short-interest ratio is presently 2.1 days. Approximately 1.3% of the shares of the stock 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), OPKO Health (OPK), Fortive (FTV), Corning (GLW), Applied Materials (AMAT), Ampio Pharmaceuticals (AMPE), Berry Global Group (BERY), Eastman Chemical (EMN) and Louisiana-Pacific (LPX).

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 60, Pay $1.8M)
  • Mr. Christian Storch, Exec. VP & CFO (Age 60, Pay $820.86k)
  • Mr. Todd B. Patriacca, Chief Accounting Officer, VP of Fin., Corp. Controller & Treasurer (Age 50)
  • Mr. Glenn E. Deegan, Exec. VP of Legal & HR, Gen. Counsel and Sec. (Age 53, Pay $627.62k)
  • Mr. Craig Schuele, Exec. VP of Marketing & Bus. Devel. (Age 56, Pay $485.45k)
  • Mr. Gerald P. Ferris, Exec. VP of Global Sales (Age 70, Pay $378.12k)

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 investors include Frontier Capital Management Co. LLC (1.72%), Columbus Circle Investors (0.47%), Strs Ohio (0.04%), Bfsg LLC (0.04%), Diversified Trust Co (0.02%) and OLD National Bancorp IN (0.01%). 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, Lipscomb S Michael, 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 Columbus Circle Investors. 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 bought by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Bfsg LLC, Strs Ohio, OLD National Bancorp IN, Nisa Investment Advisors LLC, and Diversified Trust Co. 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
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.

What is Altra Industrial Motion's stock price today?

One share of AIMC stock can currently be purchased for approximately $53.24.

How big of a company is Altra Industrial Motion?

Altra Industrial Motion has a market capitalization of $3.45 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 1/27/2021 by MarketBeat.com Staff

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