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 (PTT) and Automation & Specialty (A&S). The PTT segment offers couplings, such as gear couplings, diaphragm and disc couplings, elastomeric couplings, miniature and precision couplings, universal 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 A&S 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.
IPO Year: 2006
Exchange: NASDAQ
Website: altramotion.com
| 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 |
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
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
4 - Altra Industrial Motion Corp. (0001374535) (Issuer)
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
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
BELOIT, Wis., Oct. 31, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) Third Quarter Highlights Sales Up 48% Versus PY And Up 8% On An Organic Basis*Daily Orders Down 3.6% In 3Q Versus PY On A Pro Forma, Constant Currency BasisBacklog Up Nearly 70% Versus Beginning of 2021; Book-To-Bill Ratio Above 1.00 For Prior 7 Quarters, Averaging 1.10 In 2021 and 1.01 YTD In 2022Adjusted EBITDA Margin* Up 120 Basis Points Versus PY To 20.9%; Price/Cost Remained PositiveAdjusted Diluted EPS* Of $2.66 Versus $2.88 In PY; GAAP Diluted EPS Of $1.80 Versus $1.95 In PYFree Cash Flow Conversion* Of 93%Net Debt To Adjusted EBITDA Of 1.4xRaising Guidance Mid-Point By Revising 2022 Annual Guidance For A
BRAINTREE, Mass., Oct. 31, 2022 (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 third quarter ended September 30, 2022. Q3 2022 Financial Highlights Q3 2022Q3 2021YOY ChangeNet sales$466.3M$469.3M(0.6%) Q3 2022 Organic Sales Growth was 1.9% for the consolidated business compared with the third quarter of 2021.*GAAP Net Income$33.6M$35.4M(5.1%)GAAP Net Income Margin7.2%7.5%(30 bps)Non-GAAP Net Income*$52.3M$52.3M0.0%Non-GAAP Net Income Margin*11.2%11.1%10 bpsEarnings per dil
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 customersRe-balances Regal Rexnord's portfolio between Motion Control (48% of pro forma sales), Climate Solutions (15%), Commercial Systems (15%), Automation & Specialty (13%), and Industrial Systems (9%)Anticipated annualized cost synergies of $160 million by year four, plus significant revenue cross-marketing opportunitiesCreates compelling value for Regal Rexnord shareholders, with new growth opportunities and
BRAINTREE, Mass., Oct. 27, 2022 (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, announced today that it has entered into a definitive agreement to be acquired by Regal Rexnord Corporation ("Regal Rexnord") for approximately $5.0 billion on an enterprise value basis. Under the terms of the agreement, Altra shareholders will receive $62.00 in cash for each share of Altra common stock, representing a 54% premium to the closing price of the Company's common stock on October 26, 2022. Regal Rexnord has fully committed debt financing and there are
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
BELOIT, Wis., Oct. 31, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) Third Quarter Highlights Sales Up 48% Versus PY And Up 8% On An Organic Basis*Daily Orders Down 3.6% In 3Q Versus PY On A Pro Forma, Constant Currency BasisBacklog Up Nearly 70% Versus Beginning of 2021; Book-To-Bill Ratio Above 1.00 For Prior 7 Quarters, Averaging 1.10 In 2021 and 1.01 YTD In 2022Adjusted EBITDA Margin* Up 120 Basis Points Versus PY To 20.9%; Price/Cost Remained PositiveAdjusted Diluted EPS* Of $2.66 Versus $2.88 In PY; GAAP Diluted EPS Of $1.80 Versus $1.95 In PYFree Cash Flow Conversion* Of 93%Net Debt To Adjusted EBITDA Of 1.4xRaising Guidance Mid-Point By Revising 2022 Annual Guidance For A
BRAINTREE, Mass., Oct. 31, 2022 (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 third quarter ended September 30, 2022. Q3 2022 Financial Highlights Q3 2022Q3 2021YOY ChangeNet sales$466.3M$469.3M(0.6%) Q3 2022 Organic Sales Growth was 1.9% for the consolidated business compared with the third quarter of 2021.*GAAP Net Income$33.6M$35.4M(5.1%)GAAP Net Income Margin7.2%7.5%(30 bps)Non-GAAP Net Income*$52.3M$52.3M0.0%Non-GAAP Net Income Margin*11.2%11.1%10 bpsEarnings per dil
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 customersRe-balances Regal Rexnord's portfolio between Motion Control (48% of pro forma sales), Climate Solutions (15%), Commercial Systems (15%), Automation & Specialty (13%), and Industrial Systems (9%)Anticipated annualized cost synergies of $160 million by year four, plus significant revenue cross-marketing opportunitiesCreates compelling value for Regal Rexnord shareholders, with new growth opportunities and
BRAINTREE, Mass., Oct. 27, 2022 (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, announced today that it has entered into a definitive agreement to be acquired by Regal Rexnord Corporation ("Regal Rexnord") for approximately $5.0 billion on an enterprise value basis. Under the terms of the agreement, Altra shareholders will receive $62.00 in cash for each share of Altra common stock, representing a 54% premium to the closing price of the Company's common stock on October 26, 2022. Regal Rexnord has fully committed debt financing and there are
BRAINTREE, Mass., Oct. 21, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, intends to release unaudited financial results for the third quarter of 2022 before the market opens on Thursday, November 3, 2022. The company will conduct an investor conference call to discuss its unaudited third quarter financial results on Thursday, November 3, 2022 at 11:00 a.m. ET. The public is invited to listen to the conference call by dialing (844) 200-6205 domestically or (929) 526-1599 for international access and asking to participate in the ALTRA conference call (Event Acces
Broad-Based Demand & Strong Execution Support Sales of $498.1MPricing Initiatives Offset Inflationary Pressures Balance Sheet Strength Highlighted by Leverage Ratio Returning to Low End of Target RangeUpdates 2022 Guidance BRAINTREE, Mass., July 28, 2022 (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 unaudited financial results for the second quarter ended June 30, 2022. Q2 2022 Financial HighlightsIncludes contribution of divested Jacobs Vehicle Systems ("JVS") business through April 8, 2022 Q2 20
BRAINTREE, Mass., July 25, 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 third quarter of 2022. The third quarter 2022 dividend is the forty-second consecutive dividend in the Company's history. The dividend will be paid on October 4, 2022 to shareholders of record as of the close of business on September 16, 2022. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board's continuin
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
Loop Capital initiated coverage of Altra Industrial Motion with a rating of Buy and set a new price target of $58.00
BMO Capital reiterated coverage of Altra Industrial Motion with a rating of Outperform and set a new price target of $73.00 from $70.00 previously
Rosenblatt reiterated coverage of Altra Industrial Motion with a rating of Neutral and set a new price target of $65.00 from $64.00 previously
Rosenblatt reiterated coverage of Altra Industrial Motion with a rating of Neutral and set a new price target of $56.00 from $53.00 previously
BMO Capital reiterated coverage of Altra Industrial Motion with a rating of Outperform and set a new price target of $70.00 from $65.00 previously
Robert W. Baird resumed coverage of Altra Industrial Motion with a rating of Buy
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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
Upgrades JP Morgan upgraded the previous rating for Casey's General Stores Inc (NASDAQ:CASY) from Underweight to Neutral. In the second quarter, Casey's General Stores showed an EPS of $3.67, compared to $2.59 from the year-ago quarter. The stock has a 52-week-high of $249.90 and a 52-week-low of $170.82. At the end of the last trading period, Casey's General Stores closed at $211.24. Craig-Hallum upgraded the previous rating for LivePerson Inc (NASDAQ:LPSN) from Hold to Buy. For the third quarter, LivePerson had an EPS of $0.09, compared to year-ago quarter EPS of $0.47. The current stock performance of LivePerson shows a 52-week-high of $26.66 and a 52-week-low of $7.96. Moreover, at th
Loop Capital analyst Scott Graham downgrades Altra Industrial Motion (NASDAQ:AIMC) from Buy to Hold and announces $62 price target.
Altra Industrial Motion (NASDAQ:AIMC) reported quarterly earnings of $0.73 per share which missed the analyst consensus estimate of $0.76 by 3.95 percent. This is a 8.96 percent increase over earnings of $0.67 per share from the same period last year. The company reported quarterly sales of $469.40 million which beat the analyst consensus estimate of $463.23 million by 1.33 percent. This is a 0.09 percent decrease over sales of $469.80 million the same period last year.
The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) JP Morgan recently downgraded Aerojet Rocketdyne from Overweight to Neutral and raised the price target from $54 to $58. The compan
Upgrades For PagSeguro Digital Ltd (NYSE:PAGS), New Street Research upgraded the previous rating of Neutral to Buy. In the third quarter, PagSeguro Digital showed an EPS of $0.24, compared to $0.24 from the year-ago quarter. The stock has a 52-week-high of $28.68 and a 52-week-low of $7.51. At the end of the last trading period, PagSeguro Digital closed at $7.89. For The Chefs' Warehouse Inc (NASDAQ:CHEF), Jefferies upgraded the previous rating of Hold to Buy. The Chefs' Warehouse earned $0.41 in the third quarter, compared to $0.12 in the year-ago quarter. The current stock performance of The Chefs' Warehouse shows a 52-week-high of $42.16 and a 52-week-low of $26.27. Moreover, at the en
BMO Capital analyst John Joyner downgrades Altra Industrial Motion (NASDAQ:AIMC) from Outperform to Market Perform and raises the price target from $50 to $62.
The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) Aerojet Rocketdyne has been awarded a $98.5 million contract under an Other Transaction Authority by the Naval Aviation Systems
Baird analyst Michael Halloran downgrades Altra Industrial Motion (NASDAQ:AIMC) from Outperform to Neutral and announces $62 price target.
Raising Guidance Mid-Point By Revising 2022 Annual Guidance For Adjusted EPS To A Range Of $10.35 To $10.75 From $10.20 To $10.80 And Revising GAAP EPS Guidance To A Range Of $7.15 To $7.55 From $7.01 To $7.61 Guidance Update The Company continues to expect organic revenue growth at a high single digit rate for 2022. The Company is raising its guidance mid-point by revising its 2022 annual guidance for adjusted earnings per share to a range of $10.35 to $10.75, from $10.20 to $10.80 previously, and revising its GAAP earnings per share guidance to a range of $7.15 to $7.55 from $7.01 to $7.61. The Company's guidance does not take into account any costs, expenses or other e