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Altra Industrial Motion
Type
Public
Industry Manufacturing - Power Transmission
Founded 2004
Headquarters Braintree, Massachusetts, United States
Key people
Carl Christenson, President & CEO
Christian Storch, CFO
Craig Schuele, VP - Marketing & Bus Dev
David Ebling, VP & General Manager
Gerry Ferris, VP - Sales
Glenn Deegan, VP, Legal & Human Resources, General Counsel and Secretary
Mark Stuebe, VP & General Manager
Mark Klossner, VP & General Manager
Todd Patriacca, VP Finance, Corporate Controller, and Treasurer
Number of employees
4,500
Divisions Electric Clutches & Brakes
Couplings, Clutches & Brakes
Gearing
Website www.altramotion.com

Altra Industrial Motion is a manufacturer of mechanical power transmission products - brakes, clutches, couplings, and the like. While the products sound automotive to the layman, in fact most Altra products are used on industrial machinery, such as fail-safe brakes for elevators and forklifts, gearboxes on conveyors, heavy duty brakes on mining equipment, clutches for beverage capping equipment, etc.

Altra is the parent company of several power transmission industry brands, including: Ameridrives, Boston Gear, Warner Electric, TB Wood's, Stieber Clutch, Twiflex, Matrix International and Wichita Clutch.

The company is headquartered in Braintree, Massachusetts. In 2005, they recorded sales of $748M USD.

The company was founded in 2004 through the acquisition of the Colfax Power Transmission Group (CPTG) and Kilian Manufacturing by private equity firm Genstar Capital. Which, at the time, consisted of several brands, including Ameridrives, Boston Gear, Formsprag, Marland, Nuttall/Delroyd, Stieber, Warner Electric and Wichita Clutch. Following the foundation, Altra has made several strategic acquisitions, including TB Wood's, Hay Hall (Bibby, Matrix, Twiflex, Huco, and Inertia Dynamics), Svendborg Brakes, Bauer Gear Motor, Guardian Couplings, Lamiflex Couplings, and Bear Linear (now Warner Linear).

While Altra is a relatively young company, the brands have been in existence for many, many years. The brands and the year they were founded are as follows:

Svendborg Brakes (1884)
Nuttall Gear Corp. (1897)
Bibby Transmissions (1919)
Kilian Manufacturing (1922)
Delroyd Worm Gear (1922)
Warner Electric (1927)

Stromag (1932)

Ameridrives (1928)
Industrial Clutch Corp. (1930)
Marland Clutch (1931)
Matrix International (1939)
Stieber Clutch (1944)
Twiflex Limited (1946)
Formsprag Clutch (1946)

Centric (1948)
Wichita Clutch (1954)
Huco Engineering (1965)
Inertia Dynamics (1971)
All Power (1986)

Lamiflex (1999)
Bear Linear (2001)

Altra Industrial Motion went public in December, 2006. It trades on the NASDAQ exchange under the symbol AIMC.

Altra's broad product range can be divided into three distinct divisions:

Altra operates production facilities in the United States, Europe, and Asia. Since the company's founding in 2004, many of the factories produce more than one brand.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2020 2020-10-22 Future report Set alerts
Q2 2020 2020-07-24 0.60 0.34
Q1 2020 2020-04-30 0.65 -1.81
Q4 2019 2020-02-13 0.66 0.58
Q3 2019 2019-10-24 0.69 0.40
Q2 2019 2019-07-25 0.71 0.45
Q1 2019 2019-04-26 0.80 0.55
Q4 2018 2019-02-21 0.65 -0.08
Q3 2018 2018-10-25 0.71 0.42
Q2 2018 2018-07-26 0.78 0.65

Ratings

2016-05-02 Reiterated Rating Robert W. Baird Hold
2016-04-05 Initiated Coverage BMO Capital Markets Outperform $32.00
2016-02-18 Lower Price Target Jefferies Group Hold $24.00 to $23.00
2016-02-04 Lower Price Target Jefferies Group Hold $24.00
2015-02-19 Downgrade Stephens Overweight to Equal Weight
2015-01-22 Downgrade Robert W. Baird Outperform to Neutral $33.00 to $28.00
2014-12-05 Downgrade KeyBanc Buy to Hold $36.00
2014-12-05 Downgrade KeyCorp Buy to Hold $36.00
2014-10-20 Upgrade Sidoti Neutral to Buy
2014-07-25 Reiterated Rating Jefferies Group Hold $38.00 to $33.00
2014-04-11 Boost Price Target Robert W. Baird Outperform $39.00 to $42.00
2014-03-11 Upgrade KeyBanc Hold to Buy $42.00
2013-10-29 Upgrade Bank of America Underperform to Buy $28.00 to $35.00
2013-10-25 Boost Price Target Jefferies Group Hold $25.00 to $27.00
2010-06-08 Upgrade KeyBanc Capital Mkts Hold to Buy $18
2009-11-03 Upgrade Robert W. Baird Neutral to Outperform $12
2009-09-29 Upgrade Jefferies & Co Hold to Buy
2009-09-16 Downgrade Robert W. Baird Outperform to Neutral
2009-07-21 Downgrade KeyBanc Capital Mkts Buy to Hold
2009-03-06 Reiterated Jefferies & Co Hold $7 to $4.50
2009-03-05 Reiterated KeyBanc Capital Mkts Buy $16 to $8
2009-02-12 Reiterated Jefferies & Co Hold $9 to $7
2008-01-14 Reiterated KeyBanc Capital Mkts Buy $22 to $20
2007-07-20 Initiated KeyBanc Capital Mkts / McDonald Buy $22
2007-01-24 Initiated Robert W. Baird Outperform $18
2007-01-24 Initiated Jefferies & Co Hold $16
2016-05-02 Reiterated Rating Robert W. Baird Hold
2016-04-05 Initiated Coverage BMO Capital Markets Outperform $32.00
2016-02-18 Lower Price Target Jefferies Group Hold $24.00 to $23.00
2016-02-04 Lower Price Target Jefferies Group Hold $24.00
2015-02-19 Downgrade Stephens Overweight to Equal Weight

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Christenson Carl R Chief Executive Officer 0.44%  (116996) AIMC / OMG /
Schuele Craig VP Marketing and Bus. Dev. 0.27%  (72801) AIMC /
DEEGAN GLENN E. VP and General Counsel 0.18%  (48639) AIMC /
CARPENTER EDMUND M 0.15%  (39898) AIMC / CPB /
STORCH CHRISTIAN Chief Financial Officer 0.12%  (32057) AIMC /
Patriacca Todd VP Finance & Corp Controller 0.11%  (30590) AIMC /
WOODWARD JAMES H JR 0.09%  (24936) AIMC /
HURT MICHAEL L Executive Chairman 0.09%  (23564) AIMC /
Ferris Gerald P V.P. Global Sales 0.06%  (16235) AIMC /
Ganske Lyle G. 0.05%  (14554) AIMC /
Michael Lipscomb S 0.04%  (11572) AIMC /
McPherson Larry 0.03%  (8171) AIMC /
SWIDARSKI THOMAS W 0.03%  (7994) AIMC / DBD / EFOI / EVTC /

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