Altra Holdings (NASDAQ:AIMC) Growth Consistent and Steady

Jefferies (NYSE:JEF) has core sales growth of Altra Holdings (NASDAQ:AIMC) projected to come in at $18 percent in the fourth quarter of 2010 and 9 percent in 2011, saying they see them continuing to grow at a steady pace going forward.

with expectations that M&A will accelerate in 2011, Altra could make an investment somewhere about $150 million, which change the size and dynamics of the company.

If that were to happen, Altra would reach their leverage limit of 3x. It would also grow the company by about 30 percent.

Also noted by Jefferies is the pipeline of Altra is growing while its still in early-mid part of their life cycles of their end markets.

Jefferies maintains a "Buy" rating on Altra Holdings, which closed Wednesday at $20.30, down $0.07, or 0.34 percent.