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NASDAQ:AIMCAltra Industrial Motion Stock Price, Forecast & News

$30.47
+0.58 (+1.94 %)
(As of 07/8/2020 04:00 PM ET)
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Today's Range
$29.60
Now: $30.47
$30.51
50-Day Range
$27.88
MA: $31.08
$37.17
52-Week Range
$12.00
Now: $30.47
$38.43
Volume190,574 shs
Average Volume473,273 shs
Market Capitalization$1.97 billion
P/E RatioN/A
Dividend Yield0.54%
Beta2.54
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.88 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$4.81 per share
Book Value$29.77 per share

Profitability

Net Income$127.20 million

Miscellaneous

Employees9,200
Market Cap$1.97 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AIMC stock has increased by 42.6% and is now trading at $30.47. 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, July 23rd 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 earnings results on Thursday, April, 30th. The industrial products company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.53 by $0.12. The industrial products company earned $434.20 million during the quarter, compared to analyst estimates of $418.48 million. Altra Industrial Motion had a negative net margin of 1.38% and a positive return on equity of 9.41%. Altra Industrial Motion's revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 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 Friday, May 1st. Investors of record on Thursday, June 18th will be paid a dividend of $0.04 per share on Monday, July 6th. This represents a $0.16 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, June 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 FY20 earnings guidance on Thursday, April, 30th. The company provided earnings per share (EPS) guidance of $1.67-2.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.87. The company issued revenue guidance of $1.54-1.62 billion, compared to the consensus revenue estimate of $1.54 billion.

What price target have analysts set for AIMC?

6 analysts have issued 12-month 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 stock price to reach $35.17 in the next year. This suggests a possible upside of 15.4% from the stock's current price. View analysts' price targets for Altra Industrial Motion.

Has Altra Industrial Motion been receiving favorable news coverage?

Media stories about AIMC stock have been trending negative on Thursday, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Altra Industrial Motion earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company'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 June. As of June 30th, there was short interest totaling 1,390,000 shares, a drop of 13.7% from the June 15th total of 1,610,000 shares. Based on an average daily trading volume, of 539,200 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.2% of the shares of the company are sold short. View Altra Industrial Motion's Current Options Chain.

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 Verizon Communications (VZ), Applied Materials (AMAT), Alibaba Group (BABA), Nabriva Therapeutics (NBRV), NVIDIA (NVDA), Occidental Petroleum (OXY), Bank Of The Ozarks (OZRK), Aduro BioTech (ADRO), Agile Therapeutics (AGRX) and Advanced Micro Devices (AMD).

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 many different institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.10%) and Diversified Trust Co (0.02%). Company insiders that own Altra Industrial Motion stock include Carl R Christenson, Christian Storch, Larry Mcpherson, Lipscomb S Michael and Todd Patriacca. View institutional ownership trends for Altra Industrial Motion.

Which major investors are selling Altra Industrial Motion stock?

AIMC stock was sold by a variety of institutional investors in the last quarter, including Diversified Trust Co. Company insiders that have sold Altra Industrial Motion company stock in the last year include Christian Storch, and Larry Mcpherson. View insider buying and selling activity for Altra Industrial Motion.

Which major investors are buying Altra Industrial Motion stock?

AIMC stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. 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 $30.47.

How big of a company is Altra Industrial Motion?

Altra Industrial Motion has a market capitalization of $1.97 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 7/9/2020 by MarketBeat.com Staff

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