NASDAQ:AIMC - Altra Industrial Motion Stock Price, News, & Analysis

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$42.90 +0.35 (+0.82 %)
(As of 09/23/2018 01:03 AM ET)
Previous Close$42.90
Today's Range$42.05 - $43.30
52-Week Range$37.80 - $53.70
Volume5.46 million shs
Average Volume2.39 million shs
Market Capitalization$1.25 billion
P/E Ratio20.93
Dividend Yield1.60%
Beta1.72
Altra Industrial Motion logoAltra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, oil and gas, power generation, material handling, medical, metals, mining, and mobile off-highway markets; and heavy duty clutches and brakes under the Wichita Clutch, Twiflex, Industrial Clutch, Svendborg Brakes, and Stromag brands for use in metal forming, oil and gas drilling platforms, mining, material handling, marine, and wind turbine applications. The company also provides overrunning clutches under the Formsprag, Marland, and Stieber brands used in conveyors, gear reducers, hoists and cranes, mining machinery, machine tools, paper machinery, and other specialty machinery, as well as aerospace and defense market; and engineered belted drives under the TB Wood's brand for aggregate, energy, chemical, and material handling markets. In addition, it offers electromagnetic clutches and brakes under the Warner Electric, Inertia Dynamics, Matrix, and Stromag brands for material handling, forklift, elevator, medical mobility, mobile off-highway, baggage handling, and plant productivity applications, as well as for walk-behind mowers, residential lawn tractors, and commercial mowers; gears under the Boston Gear, Nuttall Gear, Delroyd, and Bauer Gear Motor brands that are used in industrial, material handling, mixing, transportation, and food processing applications; and engineered bearing assemblies under the Kilian brand name for use in general industrial and automotive markets. The company was formerly known as Altra Holdings, Inc. and changed its name to Altra Industrial Motion Corp. in November 2013. The company was founded in 2004 and is headquartered in Braintree, Massachusetts.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry General industrial machinery,
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
SymbolNASDAQ:AIMC
CUSIP02208R10
Phone781-917-0600

Debt

Debt-to-Equity Ratio0.63
Current Ratio2.58
Quick Ratio1.50

Price-To-Earnings

Trailing P/E Ratio20.93
Forward P/E Ratio16.89
P/E GrowthN/A

Sales & Book Value

Annual Sales$876.74 million
Price / Sales1.44
Cash Flow$3.3913 per share
Price / Cash12.65
Book Value$13.55 per share
Price / Book3.17

Profitability

EPS (Most Recent Fiscal Year)$2.05
Net Income$51.42 million
Net Margins5.87%
Return on Equity16.87%
Return on Assets7.34%

Miscellaneous

Employees4,580
Outstanding Shares29,390,000
Market Cap$1.25 billion

Altra Industrial Motion (NASDAQ:AIMC) Frequently Asked Questions

What is Altra Industrial Motion's stock symbol?

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

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 Wednesday, July 25th. Investors of record on Monday, September 17th will be given a dividend of $0.17 per share on Tuesday, October 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, September 14th. View Altra Industrial Motion's Dividend History.

How were Altra Industrial Motion's earnings last quarter?

Altra Industrial Motion Corp (NASDAQ:AIMC) released its earnings results on Thursday, July, 26th. The industrial products company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.05. The industrial products company had revenue of $237.32 million for the quarter, compared to analyst estimates of $239.02 million. Altra Industrial Motion had a return on equity of 16.87% and a net margin of 5.87%. Altra Industrial Motion's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. View Altra Industrial Motion's Earnings History.

When is Altra Industrial Motion's next earnings date?

Altra Industrial Motion is scheduled to release their next quarterly earnings announcement on Friday, October, 19th 2018. View Earnings Estimates for Altra Industrial Motion.

What guidance has Altra Industrial Motion issued on next quarter's earnings?

Altra Industrial Motion updated its FY18 earnings guidance on Thursday, July, 26th. The company provided earnings per share (EPS) guidance of $2.45-2.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.48. The company issued revenue guidance of $920-935 million, compared to the consensus revenue estimate of $936.33 million.

What price target have analysts set for AIMC?

4 equities research analysts have issued 12 month price targets for Altra Industrial Motion's stock. Their forecasts range from $51.00 to $56.00. On average, they anticipate Altra Industrial Motion's stock price to reach $52.75 in the next year. This suggests a possible upside of 23.0% from the stock's current price. View Analyst Price Targets for Altra Industrial Motion.

What is the consensus analysts' recommendation for Altra Industrial Motion?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altra Industrial Motion in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Altra Industrial Motion.

Are investors shorting Altra Industrial Motion?

Altra Industrial Motion saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 4,077,893 shares, an increase of 522.3% from the August 15th total of 655,311 shares. Based on an average daily trading volume, of 1,060,580 shares, the days-to-cover ratio is presently 3.8 days. Currently, 14.2% of the shares of the company are short sold. View Altra Industrial Motion's Current Options Chain.

Who are some of Altra Industrial Motion's key competitors?

Who are Altra Industrial Motion's key executives?

Altra Industrial Motion's management team includes the folowing people:
  • Mr. Carl R. Christenson, Chairman & CEO (Age 58)
  • Mr. Christian Storch, VP & CFO (Age 58)
  • Mr. Glenn E. Deegan, VP of Legal & HR, Gen. Counsel and Sec. (Age 51)
  • Mr. Craig Schuele, VP of Marketing & Bus. Devel. (Age 54)
  • Mr. Gerald P. Ferris, VP of Global Sales (Age 68)

Who are Altra Industrial Motion's major shareholders?

Altra Industrial Motion's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Wasatch Advisors Inc. (7.81%), BlackRock Inc. (6.82%), Earnest Partners LLC (6.64%), Dimensional Fund Advisors LP (4.50%), Macquarie Group Ltd. (4.02%) and Victory Capital Management Inc. (3.35%). Company insiders that own Altra Industrial Motion stock include Carl R Christenson, Christian Storch, Craig Schuele, Gerald P Ferris, Glenn E Deegan, James H Woodward Jr, Lipscomb S Michael, 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 Millennium Management LLC, Aristotle Capital Boston LLC, Summit Trail Advisors LLC, Wells Fargo & Company MN, Bank of New York Mellon Corp, Bank of New York Mellon Corp, Renaissance Technologies LLC and Frontier Capital Management Co. LLC. Company insiders that have sold Altra Industrial Motion company stock in the last year include Craig Schuele, Gerald P Ferris, James H Woodward Jr, Lipscomb S Michael and Todd Patriacca. View Insider Buying and Selling 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 Wasatch Advisors Inc., BlackRock Inc., Victory Capital Management Inc., Citadel Advisors LLC, Systematic Financial Management LP, Public Employees Retirement Association of Colorado, GSA Capital Partners LLP and Dimensional Fund Advisors LP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Altra Industrial Motion's stock price today?

One share of AIMC stock can currently be purchased for approximately $42.90.

How big of a company is Altra Industrial Motion?

Altra Industrial Motion has a market capitalization of $1.25 billion and generates $876.74 million in revenue each year. The industrial products company earns $51.42 million in net income (profit) each year or $2.05 on an earnings per share basis. Altra Industrial Motion employs 4,580 workers across the globe.

What is Altra Industrial Motion's official website?

The official website for Altra Industrial Motion is http://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.


MarketBeat Community Rating for Altra Industrial Motion (NASDAQ AIMC)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  255 (Vote Outperform)
Underperform Votes:  314 (Vote Underperform)
Total Votes:  569
MarketBeat's community ratings are surveys of what our community members think about Altra Industrial Motion and other stocks. Vote "Outperform" if you believe AIMC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AIMC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/23/2018 by MarketBeat.com Staff

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