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NASDAQ:AIMC

Altra Industrial Motion (AIMC) Stock Forecast, Price & News

$36.46
+0.77 (+2.16%)
(As of 05/19/2022 02:57 PM ET)
Add
Compare
Today's Range
$34.90
$36.56
50-Day Range
$34.09
$41.51
52-Week Range
$33.63
$67.80
Volume
5,813 shs
Average Volume
347,673 shs
Market Capitalization
$2.37 billion
P/E Ratio
72.92
Dividend Yield
0.86%
Beta
2.13
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. 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, and 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. It serves in North America, the rest of Europe, Germany, China, the rest of Asia, and internationally. 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.

Headlines

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Industry, Sector and Symbol

Industry
General industrial machinery,
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:AIMC
CUSIP
02208R10
Employees
9,600
Year Founded
2004

Sales & Book Value

Annual Sales
$1.90 billion
Cash Flow
$5.11 per share
Book Value
$30.85 per share

Profitability

Net Income
$27.70 million
Pretax Margin
0.75%

Debt

Price-To-Earnings

Miscellaneous

Free Float
64,480,000
Market Cap
$2.37 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/4 Dividend
3/16/2022
Dividend Payable
4/04/2022
Last Earnings
4/28/2022
Today
5/19/2022
Ex-Dividend for 7/6 Dividend
6/16/2022
Dividend Payable
7/06/2022
Next Earnings (Estimated)
7/22/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.33 out of 5 stars

Industrial Products Sector

96th out of 257 stocks

General Industrial Machinery, Industry

2nd out of 13 stocks

Analyst Opinion: 3.4Community Rank: 4.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -













Altra Industrial Motion (NASDAQ:AIMC) Frequently Asked Questions

Is Altra Industrial Motion a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altra Industrial Motion in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Altra Industrial Motion stock.
View analyst ratings for Altra Industrial Motion
or view top-rated stocks.

When is Altra Industrial Motion's next earnings date?

Altra Industrial Motion is scheduled to release its next quarterly earnings announcement on Friday, July 22nd 2022.
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 data on Thursday, April, 28th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.20. The industrial products company had revenue of $511.70 million for the quarter, compared to analysts' expectations of $490 million. Altra Industrial Motion had a trailing twelve-month return on equity of 10.54% and a net margin of 1.72%. The company's revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share.
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 Tuesday, April 26th. Shareholders of record on Friday, June 17th will be given a dividend of $0.09 per share on Wednesday, July 6th. This represents a $0.36 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, June 16th. This is a positive change from Altra Industrial Motion's previous quarterly dividend of $0.08.
View Altra Industrial Motion's dividend history
.

Is Altra Industrial Motion a good dividend stock?

Altra Industrial Motion pays an annual dividend of $0.32 per share and currently has a dividend yield of 0.86%. Altra Industrial Motion has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Altra Industrial Motion is 64.00%. 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 8.42% 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 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $3.22-$3.37 for the period, compared to the consensus EPS estimate of $3.42. The company issued revenue guidance of $1.85 billion-$1.90 billion, compared to the consensus revenue estimate of $2.00 billion.

What price target have analysts set for AIMC?

4 equities research analysts have issued 12 month price targets for Altra Industrial Motion's shares. Their forecasts range from $51.00 to $72.00. On average, they anticipate Altra Industrial Motion's share price to reach $61.26 in the next twelve months. This suggests a possible upside of 68.0% from the stock's current price.
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:
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.

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 many different institutional and retail investors. Top institutional shareholders include Wasatch Advisors Inc. (9.66%), Vanguard Group Inc. (9.19%), BlackRock Inc. (8.79%), Boston Partners (5.32%), Earnest Partners LLC (5.28%) and JPMorgan Chase & Co. (3.82%). Company insiders that own Altra Industrial Motion stock include Carl R Christenson, Christian Storch, Craig Schuele, Glenn E Deegan, James H Woodward Jr, Lyle G Ganske and Todd Patriacca.
View institutional ownership trends for Altra Industrial Motion
.

Which institutional investors are selling Altra Industrial Motion stock?

AIMC stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Victory Capital Management Inc., Royal Bank of Canada, Loomis Sayles & Co. L P, Wasatch Advisors Inc., Northern Trust Corp, Champlain Investment Partners LLC, and Bank of Montreal Can.
View insider buying and selling activity for Altra Industrial Motion
or view top insider-selling stocks.

Which institutional investors are buying Altra Industrial Motion stock?

AIMC stock was acquired by a variety of institutional investors in the last quarter, including Earnest Partners LLC, Leeward Investments LLC MA, Russell Investments Group Ltd., Westwood Holdings Group Inc., Prudential Financial Inc., Renaissance Technologies LLC, New York State Common Retirement Fund, and Dimensional Fund Advisors LP.
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 $36.46.

How much money does Altra Industrial Motion make?

Altra Industrial Motion has a market capitalization of $2.37 billion and generates $1.90 billion in revenue each year. The industrial products company earns $27.70 million in net income (profit) each year or $0.50 on an earnings per share basis.

How many employees does Altra Industrial Motion have?

Altra Industrial Motion employs 9,600 workers across the globe.

Does Altra Industrial Motion have any subsidiaries?

The following companies are subsidiares of Altra Industrial Motion: A&S Industry Technology (Tianjin) Co. Ltd., ABEK LLC, API Harowe (St. Kitts) Ltd., AS Motion Asiapac Holding Ltd., AS Motion Hong Kong Ltd., AS Motion International B.V., AS Motion LLC, AS Motion North America Inc., AT Business Systems LLC, Altra Industrial Motion (ShenZhen) Co. Ltd., Altra Industrial Motion (Thailand) Ltd., Altra Industrial Motion Australia Pty. Ltd., Altra Industrial Motion Denmark ApS, Altra Industrial Motion Germany GmbH, Altra Industrial Motion Hong Kong Limited, Altra Industrial Motion India Private Ltd., Altra Industrial Motion International Holding LLC, Altra Industrial Motion Netherlands B.V., Altra Industrial Motion Russia OOO, Altra Industrial Motion Singapore Pte. Ltd., Altra Industrial Motion South Africa (Pty.) Ltd., Altra Industrial Motion Switzerland Sarl, Altra Industrial Motion Taiwan Ltd., Altra Industrial Motion UK Holding Ltd., Altra Industrial Motion UK Ltd., Altra Industrial Motion do Brasil Equipamentos Industriais Ltda., Aluminium Die Casting S.r.L., American Precision Industries Inc., Ameridrives International LLC, Ball Screws and Actuators Co. Inc., Bauer Gear Motor Europe GmbH, Bauer Gear Motor Finland Oy Ab, Bauer Gear Motor GmbH, Bauer Gear Motor LLC, Bauer Gear Motor Ltd., Bauer Gear Motor Slovakia s.r.o., Bibby Transmissions Ltd., Boston Gear LLC, Elsim Elektroteknik Sistemler Sanayi ve Ticaret A.S., Formsprag LLC, Fortive - Automation & Specialty Business, G&L Motion Control Inc., Guardian Couplings LLC, Heat Transfer Guarantee Co. LLC, Huco Engineering Industries Ltd., Industrial Blaju S.A. de C.V., Inertia Dynamics LLC, Jacobs (Suzhou) Vehicle Systems Co. Ltd., Jacobs Vehicle Systems Europe s.r.o., Jacobs Vehicle Systems Inc., KOLLMORGEN Europe GmbH, Kilian Canada ULC, Kilian Manufacturing Corporation, Kollmorgen Automation AB, Kollmorgen Corporation, Kollmorgen s.r.l., Kollmorgen s.r.o., Matrix International GmbH, Matrix International Ltd., Motion Engineering Incorporated, Nuttall Gear LLC, PacSci Motion Control Inc., Portescap Co. Ltd., Portescap India Private Limited, Portescap S.A., Portescap Singapore Pte. Ltd., Portescap U.S. Inc., S.B. Patent Holding ApS, Stevens Holding Company Inc., Stieber GmbH, Stromag, Stromag Dessau GmbH, Stromag France SAS, Stromag GmbH, Stromag Holding GmbH, Stromag Holding SAS, Svendborg Brakes ApS, Svendborg Brakes Australia Pty. Ltd., Svendborg Brakes Chile Ltd., Svendborg Brakes Espana S.A., Svendborg Brakes India Ltd., Svendborg Brakes Korea Co. Ltd., Svendborg Brakes Peru S.A.C., Svendborg Brakes Shanghai Co. Ltd., Svendborg Brakes Trading (Shanghai) Co. Ltd., Svendborg Brakes USA LLC, T.B. Wood’s Canada Ltd., TB Wood’s Corporation, TB Wood’s Incorporated, TGA Motion AB, TOLLO LINEAR AB, Thomson Industries Inc., Thomson Industries S. de R.L. de C.V., Thomson Linear LLC, Thomson Neff Industries GmbH, Twiflex Ltd., Warner Electric (Holding) SAS, Warner Electric (Neth) Holding B.V., Warner Electric Europe SAS, Warner Electric LLC, Warner Electric Technology LLC, and Wermex Corporation.

When was Altra Industrial Motion founded?

Altra Industrial Motion was founded in 2004.

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, via email at [email protected], or via fax at 781-843-0709.

This page was last updated on 5/19/2022 by MarketBeat.com Staff

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