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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altra Industrial Motion in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AIMC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AIMC, but not buy additional shares or sell existing shares.
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3 equities research analysts have issued 12-month price objectives for Altra Industrial Motion's stock. Their AIMC share price forecasts range from $62.00 to $62.00. On average, they anticipate the company's stock price to reach $62.00 in the next year. This suggests a possible upside of 0.0% from the stock's current price.
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Altra Industrial Motion Corp. (NASDAQ:AIMC) issued its earnings results on Thursday, March, 2nd. The industrial products company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by $0.01. The industrial products company had revenue of $469.40 million for the quarter, compared to analysts' expectations of $463.23 million. Altra Industrial Motion had a trailing twelve-month return on equity of 10.93% and a net margin of 6.53%. Altra Industrial Motion's quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share.

Altra Industrial Motion announced a quarterly dividend on Wednesday, February 1st. Investors of record on Thursday, March 16th will be paid a dividend of $0.09 per share on Tuesday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, March 15th.
Read our dividend analysis for AIMC.

ETFs with the largest weight of Altra Industrial Motion (NASDAQ:AIMC) stock in their portfolio include AltShares Merger Arbitrage ETF (ARB), AltShares Event-Driven ET (EVNT), Vanguard Russell 2000 Value ETF (VTWV),

Altra Industrial Motion (NASDAQ:AIMC) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.58%. The company 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 is 18.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIMC will have a dividend payout ratio of 9.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIMC.

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

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).

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

Altra Industrial Motion's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Susquehanna International Group LLP (0.00%), Schonfeld Strategic Advisors LLC (0.00%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Carl R Christenson, Christian Storch, Craig Schuele, Glenn E Deegan, James H Woodward Jr, Lyle G Ganske and Todd Patriacca.
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One share of AIMC stock can currently be purchased for approximately $61.98.

Altra Industrial Motion (NASDAQ:AIMC) has a market capitalization of $4.05 billion and generates $1.95 billion in revenue each year. The industrial products company earns $127 million in net income (profit) each year or $1.94 on an earnings per share basis.

The company employs 9,300 workers across the globe.

Altra Industrial Motion's mailing address is 300 GRANITE STREET SUITE 201, BRAINTREE MA, 02184. The official website for the company is www.altramotion.com. The industrial products company can be reached via phone at (781) 917-0600, via email at ir@altramotion.com, or via fax at 781-843-0709.