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NASDAQ:AIMCAltra Industrial Motion Stock Price, Forecast & News

$40.28
-1.19 (-2.87 %)
(As of 08/12/2020 02:35 PM ET)
Add
Compare
Today's Range
$40.15
Now: $40.28
$42.64
50-Day Range
$29.27
MA: $32.90
$42.00
52-Week Range
$12.00
Now: $40.28
$43.17
Volume17,090 shs
Average Volume359,470 shs
Market Capitalization$2.60 billion
P/E RatioN/A
Dividend Yield0.38%
Beta2.52
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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Altra Industrial Motion logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.51 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$4.72 per share
Book Value$27.97 per share

Profitability

Net Income$127.20 million

Miscellaneous

Employees9,200
Market Cap$2.60 billion
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$40.28
-1.19 (-2.87 %)
(As of 08/12/2020 02:35 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 (Coronavirus)?

Altra Industrial Motion's stock was trading at $21.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AIMC shares have increased by 88.6% and is now trading at $40.28.
View which stocks have been most impacted by Coronavirus
.

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 EPS for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.26. The industrial products company earned $400.80 million during the quarter, compared to analysts' expectations of $367.98 million. Altra Industrial Motion had a positive return on equity of 9.13% and a negative net margin of 1.85%. The company's revenue for the quarter was down 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Stockholders 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 0.40%. 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 updated 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 earnings per share 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 Wall Street analysts have issued 1-year target prices for Altra Industrial Motion's stock. Their forecasts range from $22.00 to $49.00. On average, they expect Altra Industrial Motion's share price to reach $38.00 in the next year. This suggests that the stock has a possible downside of 5.7%.
View analysts' price targets for Altra Industrial Motion
.

Has Altra Industrial Motion been receiving favorable news coverage?

News stories about AIMC stock have been trending negative recently, according to InfoTrie. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Altra Industrial Motion earned a media sentiment score of -2.2 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future.
View the latest news about Altra Industrial Motion
.

Are investors shorting Altra Industrial Motion?

Altra Industrial Motion saw a drop in short interest during the month of January. As of January 31st, there was short interest totaling 1,230,000 shares, a drop of 14.6% from the January 15th total of 1,440,000 shares. Based on an average daily trading volume, of 297,100 shares, the days-to-cover ratio is presently 4.1 days. Approximately 1.9% of the company's shares are sold short.
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), Gold Standard Ventures (GSV), Gold Standard Ventures (GSV), Applied Materials (AMAT), Occidental Petroleum (OXY), Aduro BioTech (ADRO), Activision Blizzard (ATVI), Berry Global Group (BERY) and Comcast (CMCSA).

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 a variety of retail and institutional investors. Top institutional shareholders include Thrivent Financial for Lutherans (5.80%), Macquarie Group Ltd. (4.34%), Victory Capital Management Inc. (3.84%), Frontier Capital Management Co. LLC (1.29%), Prudential Financial Inc. (1.28%) and New York State Common Retirement Fund (1.00%). Company insiders that own Altra Industrial Motion stock include Carl R Christenson, Christian Storch, James H Woodward Jr, Larry Mcpherson and Lipscomb S Michael.
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 Thrivent Financial for Lutherans, Van Den Berg Management I Inc., SG Americas Securities LLC, UBS Group AG, Ziegler Capital Management LLC, PNC Financial Services Group Inc., California Public Employees Retirement System, and Diversified Trust Co. Company insiders that have sold Altra Industrial Motion company stock in the last year include Christian Storch, James H Woodward Jr, and Larry Mcpherson.
View insider buying and selling activity for Altra Industrial Motion
.

Which institutional investors are buying Altra Industrial Motion stock?

AIMC stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Prudential Financial Inc., Macquarie Group Ltd., Moody Aldrich Partners LLC, Palisade Capital Management LLC NJ, Raymond James & Associates, Principal Financial Group Inc., and First Trust Advisors LP. 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 $40.28.

How big of a company is Altra Industrial Motion?

Altra Industrial Motion has a market capitalization of $2.60 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 8/12/2020 by MarketBeat.com Staff

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