Altra Industrial Motion downgraded by Loop Capital with a new price target
$AIMC
Industrial Machinery/Components
Industrials
Loop Capital downgraded Altra Industrial Motion from Buy to Hold and set a new price target of $62.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/3/2023 | $62.00 | Buy → Hold | Loop Capital |
| 12/21/2022 | $50.00 → $62.00 | Outperform → Market Perform | BMO Capital Markets |
| 11/1/2022 | $62.00 | Outperform → Neutral | Robert W. Baird |
| 8/26/2022 | $58.00 | Buy | Loop Capital |
| 7/27/2021 | $70.00 → $73.00 | Outperform | BMO Capital |
| 7/26/2021 | $64.00 → $65.00 | Neutral | Rosenblatt |
15-12G - Altra Industrial Motion Corp. (0001374535) (Filer)
10-K/A - Altra Industrial Motion Corp. (0001374535) (Filer)
S-8 POS - Altra Industrial Motion Corp. (0001374535) (Filer)
SC 13G/A - Altra Industrial Motion Corp. (0001374535) (Subject)
SC 13G/A - Altra Industrial Motion Corp. (0001374535) (Subject)
SC 13G/A - Altra Industrial Motion Corp. (0001374535) (Subject)
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
Loop Capital downgraded Altra Industrial Motion from Buy to Hold and set a new price target of $62.00
BMO Capital Markets downgraded Altra Industrial Motion from Outperform to Market Perform and set a new price target of $62.00 from $50.00 previously
Robert W. Baird downgraded Altra Industrial Motion from Outperform to Neutral and set a new price target of $62.00
Positions Regal Rexnord For Accelerated Growth, Higher Margins, Stronger Free Cash Flow And Higher ROIC By Enhancing Its Value Proposition With Key Stakeholders Transforms Regal Rexnord's Automation Portfolio Into A Meaningful, Global Automation Solutions Provider, With Over 70% Of Its Sales Into Markets With Secular Growth TailwindsCombines Complementary Power Transmission Portfolios To Deliver Enhanced Industrial Powertrain Solutions For CustomersPortfolio To Be Comprised Of Four Segments: Industrial Powertrain Solutions ("IPS", ~37% Of Pro Forma 2022 Sales), Power Efficiency Solutions ("PES", ~31%), Automation & Motion Control ("AMC", ~24%) And Industrial Systems ("IS", ~8%)Unites Aligned
BELOIT, Wis. and BRAINTREE, Mass., March 22, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) ("Regal Rexnord") and Altra Industrial Motion Corp. (NASDAQ:AIMC) ("Altra") jointly announced today that they have received all required regulatory approvals to complete the previously announced acquisition of all of the issued and outstanding shares of common stock of Altra, whereby a wholly owned subsidiary of Regal Rexnord will be merged with and into Altra, with Altra surviving the merger as a wholly owned subsidiary of Regal Rexnord (the "Transaction"). The closing of the Transaction is expected to occur on or around March 27, 2023, subject to the satisfaction or waiver of the remainin
BELOIT, Wis. and BRAINTREE, Mass., March 22, 2023 (GLOBE NEWSWIRE) -- Regal Rexnord Corporation (NYSE:RRX) ("Regal Rexnord") and Altra Industrial Motion Corp. (NASDAQ:AIMC) ("Altra") jointly announced today that they have received all required regulatory approvals to complete the previously announced acquisition of all of the issued and outstanding shares of common stock of Altra, whereby a wholly owned subsidiary of Regal Rexnord will be merged with and into Altra, with Altra surviving the merger as a wholly owned subsidiary of Regal Rexnord (the "Transaction"). The closing of the Transaction is expected to occur on or around March 27, 2023, subject to the satisfaction or waiver of the r
Regal Rexnord Corporation (NYSE:RRX) ("Regal Rexnord") and Altra Industrial Motion Corp. (NASDAQ:AIMC) ("Altra") jointly announced today that they have received all required regulatory approvals to complete the previously announced acquisition of all of the issued and outstanding shares of common stock of Altra, whereby a wholly owned subsidiary of Regal Rexnord will be merged with and into Altra, with Altra surviving the merger as a wholly owned subsidiary of Regal Rexnord (the "Transaction"). The closing of the Transaction is expected to occur on or around March 27, 2023, subject to the satisfaction or waiver of the remaining closing conditions set forth in the merger agreement between
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Loop Capital analyst Scott Graham downgrades Altra Industrial Motion (NASDAQ:AIMC) from Buy to Hold and announces $62 price target.
BRAINTREE, Mass., March 01, 2023 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC) ("Altra" or the "Company"), a premier global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results as of and for the fourth quarter and year ended December 31, 2022. Q4 2022 Financial Highlights Q4 2022Q4 2021YOY Change Net sales $469.4M$469.8M(0.1%) Q4 2022 Organic Sales Growth was 2.3% for the consolidated business compared with the fourth quarter of 2021.* GAAP Net Income $22.3M($87.7M)125.4%GAAP Net Income Margin4.8%(18.7%)2,350 bpsNon-GAAP Net Income*$47.9M$43.4M10.4%Earnings per di
BRAINTREE, Mass., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.09 per share for the first quarter of 2023. The first quarter 2023 dividend is the forty-fourth consecutive dividend in the Company's history. The dividend will be paid on April 4, 2023 to shareholders of record as of the close of business on March 16, 2023. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board's continuing dete
BRAINTREE, Mass., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.09 per share for the fourth quarter of 2022. The fourth quarter 2022 dividend is the forty-third consecutive dividend in the Company's history. The dividend will be paid on January 3, 2023 to shareholders of record as of the close of business on December 16, 2022. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board's continuin
BRAINTREE, Mass., Oct. 22, 2021 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC) ("Altra" or the "Company"), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that Christian Storch, Executive Vice President and Chief Financial Officer, will be retiring on January 31, 2022 following a 14-year career at Altra. Todd B. Patriacca, who has served as Altra's Vice President of Finance, Corporate Controller and Treasurer since February 2010, will become Executive Vice President, Chief Financial Officer and Treasurer effective February 1, 2022. In this new role, Mr. Patriacca will report to Carl Christenson, Altr
BRAINTREE, Mass., Oct. 19, 2021 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC) ("Altra" or the "Company"), a leading global manufacturer and supplier of motion control, power transmission, and automation products, today announced that the Company's Board of Directors (the "Board") has appointed La Vonda Williams, Chief Financial Officer of Onegevity Health, as a new director, effective October 19, 2021. Ms. Williams' appointment follows the appointments of Nicole Parent Haughey and Scott Hall in 2020, marking a significant refreshment of the composition of Altra's Board. "We are thrilled to welcome La Vonda, an innovative, influential and proven leader, to the Altra B