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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
2 Long-Term EV Plays Trading Under $20
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Are These 3 Video Game Stocks Now In Play?
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
2 Long-Term EV Plays Trading Under $20
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Are These 3 Video Game Stocks Now In Play?
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Forget Tesla, THIS Could be the Biggest EV Investment Play in 2022 (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
2 Long-Term EV Plays Trading Under $20
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
What's in big Biden bill? Health, climate goals become law
Biden to sign massive climate and health care legislation
Are These 3 Video Game Stocks Now In Play?
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
NASDAQ:AIMC

Altra Industrial Motion - AIMC Stock Forecast, Price & News

$44.57
-0.09 (-0.20%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$44.14
$44.95
50-Day Range
$32.57
$45.11
52-Week Range
$32.18
$62.25
Volume
162,361 shs
Average Volume
175,869 shs
Market Capitalization
$2.90 billion
P/E Ratio
159.18
Dividend Yield
0.81%
Price Target
$49.00

Altra Industrial Motion MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
9.9% Upside
$49.00 Price Target
Short Interest
Healthy
1.20% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.23mentions of Altra Industrial Motion in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.48%
From $3.30 to $3.58 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.80 out of 5 stars

Industrial Products Sector

149th out of 189 stocks

General Industrial Machinery, Industry

10th out of 11 stocks

AIMC stock logo

About Altra Industrial Motion (NASDAQ:AIMC) Stock

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.

Altra Industrial Motion Stock Performance

Shares of AIMC Stock traded down $0.09 during trading on Tuesday, reaching $44.57. 162,361 shares of the company's stock traded hands, compared to its average volume of 289,946. The firm's 50-day moving average is $37.82 and its 200 day moving average is $39.31. The company has a market capitalization of $2.90 billion, a P/E ratio of 159.18, a PEG ratio of 0.91 and a beta of 2.07. Altra Industrial Motion has a 1 year low of $32.18 and a 1 year high of $62.25. The company has a current ratio of 2.32, a quick ratio of 1.45 and a debt-to-equity ratio of 0.55.

Altra Industrial Motion (NASDAQ:AIMC - Get Rating) last posted its earnings results on Thursday, July 28th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. Altra Industrial Motion had a return on equity of 10.51% and a net margin of 0.96%. The firm had revenue of $498.10 million for the quarter, compared to the consensus estimate of $475.71 million. During the same quarter in the prior year, the business posted $0.89 earnings per share. The business's quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that Altra Industrial Motion will post 3.3 EPS for the current year.

Altra Industrial Motion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 16th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, September 15th. Altra Industrial Motion's payout ratio is 128.57%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of Altra Industrial Motion from $45.00 to $50.00 in a research report on Friday. StockNews.com raised shares of Altra Industrial Motion from a "hold" rating to a "buy" rating in a report on Friday, May 6th. Finally, Robert W. Baird increased their price objective on Altra Industrial Motion from $44.00 to $48.00 in a report on Friday, July 29th.

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AIMC Stock News Headlines

Altra Reports Second Quarter 2022 Results
Altra Industrial Motion Corp - Stock Quote AIMC
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AIMC Company Calendar

Ex-Dividend for 7/6 Dividend
6/16/2022
Dividend Payable
7/06/2022
Last Earnings
7/28/2022
Today
8/17/2022
Ex-Dividend for 10/4 Dividend
9/15/2022
Dividend Payable
10/04/2022
Next Earnings (Estimated)
10/28/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$49.00
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+9.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$27.70 million
Pretax Margin
0.90%

Debt

Sales & Book Value

Annual Sales
$1.90 billion
Cash Flow
$5.19 per share
Book Value
$29.88 per share

Miscellaneous

Free Float
64,487,000
Market Cap
$2.90 billion
Optionable
Optionable
Beta
2.07

Social Links















AIMC Stock - Frequently Asked Questions

Should I buy or sell Altra Industrial Motion stock right now?

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

What is Altra Industrial Motion's stock price forecast for 2022?

1 analysts have issued twelve-month target prices for Altra Industrial Motion's stock. Their AIMC share price forecasts range from $48.00 to $50.00. On average, they anticipate the company's share price to reach $49.00 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price.
View analysts price targets for AIMC
or view top-rated stocks among Wall Street analysts.

How have AIMC shares performed in 2022?

Altra Industrial Motion's stock was trading at $51.57 at the beginning of the year. Since then, AIMC stock has decreased by 13.6% and is now trading at $44.57.
View the best growth stocks for 2022 here
.

When is Altra Industrial Motion's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 28th 2022.
View our AIMC earnings forecast
.

How were Altra Industrial Motion's earnings last quarter?

Altra Industrial Motion Corp. (NASDAQ:AIMC) released its quarterly earnings results on Thursday, July, 28th. The industrial products company reported $0.84 earnings per share for the quarter, hitting analysts' consensus estimates of $0.84. The industrial products company had revenue of $498.10 million for the quarter, compared to analyst estimates of $475.71 million. Altra Industrial Motion had a net margin of 0.96% and a trailing twelve-month return on equity of 10.51%. Altra Industrial Motion's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share.

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 Monday, July 25th. Investors of record on Friday, September 16th will be paid a dividend of $0.09 per share on Tuesday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, September 15th.
Read our dividend analysis for AIMC
.

Is Altra Industrial Motion a good dividend stock?

Altra Industrial Motion (NASDAQ:AIMC) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.81%. 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 128.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AIMC will have a dividend payout ratio of 10.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIMC.

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 Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $3.22-$3.37 for the period, compared to the consensus earnings per share estimate of $3.29. The company issued revenue guidance of $1.88 billion-$1.92 billion, compared to the consensus revenue estimate of $1.90 billion.

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

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.

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 retail and institutional investors. Top institutional investors include Macquarie Group Ltd. (3.34%), JPMorgan Chase & Co. (3.31%), Victory Capital Management Inc. (2.96%), State Street Corp (2.05%), Aristotle Capital Boston LLC (1.42%) and Russell Investments Group Ltd. (1.33%). Insiders that own company 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
.

How do I buy shares of Altra Industrial Motion?

Shares of AIMC stock 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 $44.57.

How much money does Altra Industrial Motion make?

Altra Industrial Motion (NASDAQ:AIMC) has a market capitalization of $2.90 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 $0.28 on an earnings per share basis.

How many employees does Altra Industrial Motion have?

The company 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.
Read More
When was Altra Industrial Motion founded?

Altra Industrial Motion was founded in 2004.

How can I contact Altra Industrial Motion?

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.

This page (NASDAQ:AIMC) was last updated on 8/17/2022 by MarketBeat.com Staff

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