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Altra Industrial Motion Stock Forecast, Price & News

-0.14 (-0.24 %)
(As of 11/27/2020 12:00 AM ET)
Today's Range
Now: $57.87
50-Day Range
MA: $46.78
52-Week Range
Now: $57.87
Volume221,687 shs
Average Volume485,606 shs
Market Capitalization$3.74 billion
P/E RatioN/A
Dividend Yield0.28%
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 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: 1.3Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.76 out of 5 stars

Industry, Sector and Symbol

Industry General industrial machinery,
Sub-IndustryIndustrial Machinery
Current SymbolNASDAQ:AIMC



Sales & Book Value

Annual Sales$1.83 billion
Cash Flow$4.91 per share
Book Value$29.30 per share


Net Income$127.20 million


Market Cap$3.74 billion
Next Earnings Date2/11/2021 (Estimated)
-0.14 (-0.24 %)
(As of 11/27/2020 12:00 AM 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?

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 shares have increased by 170.9% and is now trading at $57.87.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of Altra Industrial Motion?

5 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Altra Industrial Motion
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Altra Industrial Motion?

Wall Street analysts have given Altra Industrial Motion a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Altra Industrial Motion wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Altra Industrial Motion's next earnings date?

Altra Industrial Motion is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for Altra Industrial Motion

How were Altra Industrial Motion's earnings last quarter?

Altra Industrial Motion Corp. (NASDAQ:AIMC) posted its earnings results on Friday, October, 23rd. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.46 by $0.41. The industrial products company earned $437.80 million during the quarter, compared to the consensus estimate of $393.86 million. Altra Industrial Motion had a positive return on equity of 9.76% and a negative net margin of 1.13%. The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.69 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 declared a quarterly dividend on Friday, October 23rd. Stockholders of record on Friday, December 18th will be given a dividend of $0.06 per share on Tuesday, January 5th. This represents a $0.24 annualized dividend and a yield of 0.41%. The ex-dividend date is Thursday, December 17th. This is an increase from Altra Industrial Motion's previous quarterly dividend of $0.04.
View Altra Industrial Motion's dividend history

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

Altra Industrial Motion issued an update on its FY20 earnings guidance on Friday, October, 23rd. The company provided earnings per share (EPS) guidance of $2.70-2.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.25. The company issued revenue guidance of $1.69-1.71 billion, compared to the consensus revenue estimate of $1.63 billion.

What price target have analysts set for AIMC?

5 equities research analysts have issued 1-year price objectives for Altra Industrial Motion's shares. Their forecasts range from $22.00 to $65.00. On average, they anticipate Altra Industrial Motion's share price to reach $50.80 in the next year. This suggests that the stock has a possible downside of 12.2%.
View analysts' price targets for Altra Industrial Motion

Are investors shorting Altra Industrial Motion?

Altra Industrial Motion saw a increase in short interest in the month of October. As of October 30th, there was short interest totaling 790,100 shares, an increase of 27.5% from the October 15th total of 619,900 shares. Based on an average daily volume of 344,000 shares, the short-interest ratio is currently 2.3 days. Approximately 1.2% of the company's stock are short sold.
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), OPKO Health (OPK), Fortive (FTV), Corning (GLW), Applied Materials (AMAT), Ampio Pharmaceuticals (AMPE), Berry Global Group (BERY), Eastman Chemical (EMN) and Louisiana-Pacific (LPX).

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 60, Pay $1.8M)
  • Mr. Christian Storch, Exec. VP & CFO (Age 60, Pay $820.86k)
  • Mr. Todd B. Patriacca, Chief Accounting Officer, VP of Fin., Corp. Controller & Treasurer (Age 50)
  • Mr. Glenn E. Deegan, Exec. VP of Legal & HR, Gen. Counsel and Sec. (Age 53, Pay $627.62k)
  • Mr. Craig Schuele, Exec. VP of Marketing & Bus. Devel. (Age 56, Pay $485.45k)
  • Mr. Gerald P. Ferris, Exec. VP of Global Sales (Age 70, Pay $378.12k)

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 investors include Wasatch Advisors Inc. (8.15%), BlackRock Inc. (7.20%), Thrivent Financial for Lutherans (5.55%), Earnest Partners LLC (3.91%), Victory Capital Management Inc. (3.83%) and JPMorgan Chase & Co. (3.83%). Company insiders that own Altra Industrial Motion stock include Carl R Christenson, Christian Storch, Craig Schuele, Glenn E Deegan, James H Woodward Jr, Larry Mcpherson, Lipscomb S Michael, Lyle G Ganske 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 Gates Capital Management Inc., Champlain Investment Partners LLC, BlackRock Inc., Thrivent Financial for Lutherans, Westwood Holdings Group Inc., Federated Hermes Inc., State Street Corp, and Rothschild & Co. Asset Management US Inc.. 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, James H Woodward Jr, Lyle G Ganske, and Todd Patriacca.
View insider buying and selling activity for Altra Industrial Motion

Which major investors are buying Altra Industrial Motion stock?

AIMC stock was purchased by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Columbus Circle Investors, Morgan Stanley, Ziegler Capital Management LLC, AXA S.A., Guggenheim Capital LLC, Palisade Capital Management LLC NJ, and Granite Investment Partners LLC. 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 $57.87.

How big of a company is Altra Industrial Motion?

Altra Industrial Motion has a market capitalization of $3.74 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 11/29/2020 by MarketBeat.com Staff

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