Type
|
Public (NYSE: ACW) |
---|---|
Industry | Vehicle Components |
Founded | 1986 |
Headquarters | Evansville, Indiana, United States |
Key people
|
Rick Dauch, President & CEO |
Revenue | $936M FY2011 |
Number of employees
|
2800 |
Website | www.accuridecorp.com |
Accuride Corporation is a diversified manufacturer and supplier of commercial vehicle components in North America. Based in Evansville, Indiana, the company designs, manufactures and markets commercial vehicle components.
Accuride’s business units are Accuride Wheels, Gunite Corporation, and Brillion Iron Works. Its products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, and other commercial vehicle components; and are marketed under brand names including Accuride, Gunite and Brillion.
Accuride was founded in 1986 in order to acquire the wheel-making division of Firestone Tire & Rubber Company. The purchase was orchestrated by Bain Capital under the direction of Mitt Romney. With Bain Capital as its new owners, Accuride revamped production and restructured executive pay, quickly boosting the company's profitability. Accuride's earnings rose 20 percent in the first year under Bain's watch, and the number of plants increased by 16 percent to 1,785. Bain Capital sold the company to a mining conglomerate 18 months later, making approximately $120 million from its $5 million investment. The success of the takeover and turnaround quickly put Romney and Bain on the map.
The 2008–2012 recession undermined the global demand for commercial vehicles and freight components, drastically damaging Accuride's profitability. In October 2009, the company sought legal protection from its creditors under Chapter 11 bankruptcy rules, and in November 2009 sought court approval to reorganize itself. On 26 February 2010, Accuride emerged from Chapter 11 bankruptcy with a new capital structure.
The company produces commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and other commercial vehicle components. Accuride markets its products using four brand names: Accuride, Gunite, Imperial, and Brillion Iron Works.
2016-05-10 | Reiterated Rating | B. Riley | Neutral | $1.90 |
2016-05-05 | Reiterated Rating | B. Riley | Neutral | $1.90 |
2016-05-04 | Upgrade | Gabelli | Hold to Buy | $4.00 |
2016-03-05 | Reiterated Rating | B. Riley | Neutral | $1.90 |
2016-02-29 | Reiterated Rating | B. Riley | Neutral | $1.90 |
2016-01-22 | Downgrade | Gabelli | Buy to Hold | |
2016-01-09 | Reiterated Rating | B. Riley | Neutral | $1.90 |
2016-01-04 | Reiterated Rating | B. Riley | Neutral | $1.90 |
2015-11-08 | Downgrade | B. Riley | Neutral | $3.00 |
2015-11-03 | Downgrade | B. Riley | Buy to Neutral | $5.00 to $3.00 |
2015-09-17 | Downgrade | BB&T Corp. | Buy to Hold | |
2015-07-29 | Reiterated Rating | B. Riley | Buy | $5.00 |
2015-07-24 | Reiterated Rating | B. Riley | Buy | $5.00 |
2015-05-19 | Initiated Coverage | Gabelli | Buy | |
2015-04-28 | Reiterated Rating | B. Riley | Buy | $6.40 |
2015-03-11 | Reiterated Rating | B. Riley | Buy | $6.40 |
2015-03-04 | Reiterated Rating | B. Riley | Buy | $6.40 |
2015-02-12 | Reiterated Rating | B. Riley | Buy | $6.40 |
2014-10-27 | Upgrade | B. Riley & Co. | Neutral to Buy | $4.50 to $6 |
2014-10-27 | Upgrade | B. Riley | Neutral to Buy | $4.50 to $6.00 |
2014-07-30 | Reiterated Rating | B. Riley | Neutral | $4.00 to $4.50 |
2014-04-29 | Upgrade | CRT Capital | Fair Value to Buy | $4.50 to $6.00 |
2013-11-04 | Downgrade | B. Riley | Buy to Neutral | |
2012-01-13 | Initiated | BB&T Capital Mkts | Hold |
2016-05-10 | Reiterated Rating | B. Riley | Neutral | $1.90 |
2016-05-05 | Reiterated Rating | B. Riley | Neutral | $1.90 |
2016-05-04 | Upgrade | Gabelli | Hold to Buy | $4.00 |
2016-03-05 | Reiterated Rating | B. Riley | Neutral | $1.90 |
2016-02-29 | Reiterated Rating | B. Riley | Neutral | $1.90 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In ACW 3 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
RUSSELL FRANK CO/ | 0.43M |
MANAGED ACCOUNT ADVISORS LLC | 0.33M |
KS MANAGEMENT CORP | 74603 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Coliseum Capital Management, LLC | 19.23% (9176694) | ACW / ADES / BIOS / HCAC / LHCG / PRSC / UTI / |
Cetus Capital III, L.P. | 2.42% (1153655) | ACW / |
Cetus Capital II, LLC | 1.07% (509844) | ACW / IBP / |
Cetus Capital, LLC | 1.00% (477801) | ACW / TROX / |
Littlejohn Opportunities Master Fund LP | 0.77% (369514) | ACW / |
DAUCH RICHARD F President & CEO | 0.75% (359457) | ACW / SPAR / |
RISNER JOHN W | 0.27% (128718) | ACW / NIHD / |
Davis Robert E. | 0.23% (111448) | ACW / |
BUSSE KEITH E | 0.14% (66918) | ACW / STLD / TOFC / |
ADAMS ROBIN J | 0.11% (53510) | ACW / CSL / |
KLING LEWIS M | 0.11% (51188) | ACW / EMN / |
Martin Stephen Albert SVP-General Counsel/Corp Secr. | 0.09% (42045) | ACW / |
Risch Gregory Alan VP/Chief Financial Officer | 0.08% (35894) | ACW / |
RULSEH JAMES R | 0.07% (33510) | ACW / WWD / |
Adams David Gordon SVP/Chief Technology Officer | 0.07% (32661) | ACW / |
Hazlett Scott D. SVP & GM/Wheels & Gunite | 0.06% (26744) | ACW / |
Blair Mary Elizabeth SVP/Supply Chain Mgt. | 0.04% (20057) | ACW / |
Maniatis James John SVP-Human Resources | 0.03% (16225) | ACW / |
Byrnes Charles Michael Jr. SVP-Sales & Marketing | 0.03% (13380) | ACW / KMT / |
Duster Benjamin | 0.02% (7712) | ACW / MFLX / |