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NASDAQ:AIMC

Altra Industrial Motion Stock Forecast, Price & News

$54.96
-0.15 (-0.27%)
(As of 12/7/2021 04:00 PM ET)
Add
Compare
Today's Range
$54.62
$56.56
50-Day Range
$51.93
$61.76
52-Week Range
$50.12
$68.07
Volume
188,239 shs
Average Volume
288,664 shs
Market Capitalization
$3.57 billion
P/E Ratio
24.54
Dividend Yield
0.58%
Beta
2.38
30 days | 90 days | 365 days | Advanced Chart
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Altra Industrial Motion logo

About Altra Industrial Motion

Altra Industrial Motion Corp. engages in the designs, production, and marketing of electromechanical power transmission motion control. It operates through the Power Transmission Technologies; and Automation and Specialty segments. The Power Transmission Technologies segment focuses in the production of couplings, clutches, and brakes; electromagnetic clutches and brakes; and gears. The Automation and Specialty segment consists brands such as Kollmorgen, Portescap, Thomson, and Jacobs Vehicle Systems (JVS). The company was founded in 2004 and is headquartered in Braintree, MA.

Headlines

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Industry, Sector and Symbol

Industry
General industrial machinery,
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:AIMC
CUSIP
02208R10
Employees
9,100
Year Founded
2004

Sales & Book Value

Annual Sales
$1.73 billion
Cash Flow
$7.29 per share
Book Value
$31.86 per share

Profitability

Net Income
$-25.50 million
Pretax Margin
9.84%

Debt

Price-To-Earnings

Miscellaneous

Free Float
64,336,000
Market Cap
$3.57 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/16/2021
Dividend Payable
10/04/2021
Last Earnings
10/21/2021
Today
12/07/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/11/2022

Social Links


MarketRank

Overall MarketRank

2.04 out of 5 stars

Industrial Products Sector

138th out of 244 stocks

General Industrial Machinery, Industry

2nd out of 11 stocks

Analyst Opinion: 2.4Community Rank: 4.3Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -












Altra Industrial Motion (NASDAQ:AIMC) Frequently Asked Questions

Is Altra Industrial Motion a buy right now?

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

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. Since then, AIMC stock has increased by 157.3% and is now trading at $54.96.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Altra Industrial Motion?

Altra Industrial Motion saw a drop in short interest in the month of October. As of October 29th, there was short interest totaling 637,400 shares, a drop of 27.3% from the October 14th total of 877,000 shares. Based on an average daily volume of 223,700 shares, the short-interest ratio is currently 2.8 days. Currently, 1.0% of the shares of the company are short sold.
View Altra Industrial Motion's Short Interest
.

When is Altra Industrial Motion's next earnings date?

Altra Industrial Motion is scheduled to release its next quarterly earnings announcement on Friday, February 11th 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 earnings results on Thursday, October, 21st. The industrial products company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.01. The industrial products company had revenue of $469.30 million for the quarter, compared to analysts' expectations of $473.15 million. Altra Industrial Motion had a net margin of 7.78% and a trailing twelve-month return on equity of 10.69%. The business's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 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 announced a quarterly dividend on Thursday, October 21st. Shareholders of record on Friday, December 17th will be paid a dividend of $0.08 per share on Tuesday, January 4th. This represents a $0.32 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Thursday, December 16th.
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 0.58%. 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 14.29%. 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 8.36% 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 updated its FY 2021 earnings guidance on Friday, October, 29th. The company provided earnings per share guidance of $3.250-$3.350 for the period, compared to the Thomson Reuters consensus estimate of $3.510. The company issued revenue guidance of $1.88 billion-$1.90 billion, compared to the consensus revenue estimate of $1.91 billion.

What price target have analysts set for AIMC?

4 analysts have issued 12-month price targets for Altra Industrial Motion's stock. Their forecasts range from $60.25 to $72.00. On average, they anticipate Altra Industrial Motion's stock price to reach $65.26 in the next year. This suggests a possible upside of 18.7% 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:
  • Carl Richard Christenson, Chairman & Chief Executive Officer
  • Christian Storch, Chief Financial Officer & Vice President (LinkedIn Profile)
  • Todd B. Patriacca, Treasurer, CAO, VP-Finance & Controller
  • Craig Schuele, Vice President-Marketing & Business Development
  • Glenn E. Deegan, Secretary, Chief Legal & Human Resources Officer (LinkedIn Profile)

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 retail and institutional investors. Top institutional investors include Wasatch Advisors Inc. (9.42%), BlackRock Inc. (8.86%), Boston Partners (5.25%), Macquarie Group Ltd. (4.91%), Victory Capital Management Inc. (4.21%) and Wellington Management Group LLP (2.93%). 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 Thrivent Financial for Lutherans, Invesco Ltd., Macquarie Group Ltd., Emerald Mutual Fund Advisers Trust, Morgan Stanley, Eagle Asset Management Inc., Principal Financial Group Inc., and Royal Bank of Canada. 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, and James H Woodward Jr.
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 Victory Capital Management Inc., Wellington Management Group LLP, Ziegler Capital Management LLC, Dimensional Fund Advisors LP, Boston Partners, New York State Common Retirement Fund, Renaissance Technologies LLC, and SG Americas Securities LLC.
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 $54.96.

How much money does Altra Industrial Motion make?

Altra Industrial Motion has a market capitalization of $3.57 billion and generates $1.73 billion in revenue each year. The industrial products company earns $-25.50 million in net income (profit) each year or $2.24 on an earnings per share basis.

How many employees does Altra Industrial Motion have?

Altra Industrial Motion employs 9,100 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.

Where are Altra Industrial Motion's headquarters?

Altra Industrial Motion is headquartered at 300 GRANITE STREET SUITE 201, BRAINTREE MA, 02184.

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 or via fax at 781-843-0709.


This page was last updated on 12/7/2021 by MarketBeat.com Staff

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