Altra Industrial Motion (AIMC - $36.21 – NASDAQ) (AIMC, Financial) is a diversified manufacturer of off-highway vehicle components and material handling parts and systems. After a sharp drop in the third quarter due to disappointing second quarter earnings, Altra’s shares rebounded in the fourth quarter. It reported better-than-expected third quarter results with improving cash flow. This should allow the company to pay off some of the debt it took on to buy Fortive’s Automation and Specialty business in late 2018. The resulting leverage reduction should improve earnings and likely give the valuation a lift.
From Keeley Asset Management's Small Cap Dividend Value Fund fourth-quarter shareholder commentary.
