BMO Capital Believes AIMC Won’t Stop Here

By Carrie Williams

BMO Capital analyst Scott Graham reiterated a Buy rating on Altra Holdings (NASDAQ: AIMC) today. The company’s shares opened today at $34.60, close to its 52-week high of $35.85.

According to, Graham is a 4-star analyst with an average return of 3.6% and a 59.1% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc., Gorman-Rupp Company, and Barnes Group Inc.

Altra Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $26.

Altra Holdings’ market cap is currently $883.6M and has a P/E ratio of 30.44. The company has a book value ratio of 3.5219.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Carl Christenson, the Chief Executive Officer of AIMC sold 20,000 shares for a total of $694,600.

Altra Industrial Motion Corp. engages in power transmission business. Its activities include design, production, and marketing of a range of mechanical power transmission components. It operates through the following segments: couplings, clutches and brakes; electromagnetic clutches and brakes; and gearing. The couplings, clutches and brakes segment offers a range of products such as gear couplings, high performance diaphragm and disc couplings, elastomeric couplings, miniature and precision couplings, as well as universal joints, mill spindles, and shaft locking devices. The clutches and brakes segment offers products which are utilized in heavy duty industrial, mining and energy applications such as heavy duty clutches and brakes, and overrunning clutches, and engineered belted drives. The electromagnetic clutches and brakes business segment include brakes and clutches that are used to electronically slow, stop, engages or disengage equipment utilizing electromagnetic friction type connections. The company was founded in 2004 and is headquartered in Braintree, MA.