Alta Equipment GroupALTG
ALTG
About: Alta Equipment Group Inc is an integrated equipment dealership platform in the U.S. Its segments are Material Handling and Construction Equipment. The Material Handling segment is engaged in operations related to the sale, service, and rental of lift trucks in Michigan, Illinois, Indiana, New York, Virginia, and throughout the New England states whereas, the Construction Equipment segment is principally engaged in operations related to the sale, service, and rental of construction equipment in Michigan, Indiana, Illinois, Ohio, New York, Florida and throughout the New England States.
Employees: 2,900
0
Funds holding %
of 7,312 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
21% more call options, than puts
Call options by funds: $574K | Put options by funds: $476K
0% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 2 (+0) [Q1 2025]
1.04% less ownership
Funds ownership: 67.89% [Q4 2024] → 66.85% (-1.04%) [Q1 2025]
4% less funds holding
Funds holding: 103 [Q4 2024] → 99 (-4) [Q1 2025]
13% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 38
18% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 17
30% less capital invested
Capital invested by funds: $148M [Q4 2024] → $103M (-$44.7M) [Q1 2025]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$7
12%
downside
Avg. target
$11.67
46%
upside
High target
$20
150%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Northland Capital Markets Ted Jackson | 150%upside $20 | Outperform Upgraded | 8 Jul 2025 |
DA Davidson Matt Summerville | 0%upside $8 | Buy Maintained | 19 May 2025 |
Raymond James Bryan Fast | 12%downside $7 | Market Perform Maintained | 16 May 2025 |
Financial journalist opinion
Based on 4 articles about ALTG published over the past 30 days
Positive
Zacks Investment Research
2 days ago
Alta Equipment (ALTG) Stock Jumps 16.1%: Will It Continue to Soar?
Alta Equipment (ALTG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Neutral
GlobeNewsWire
1 week ago
Alta Equipment Group Announces Preferred Stock Dividend
LIVONIA, Mich., July 02, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is July 31, 2025, to shareholders of record at the close of business on July 15, 2025.
Positive
Seeking Alpha
1 week ago
Alta Equipment Group: Order Booking And Share Repurchase Signal Values
Alta Equipment Group is positioned for recovery, with robust demand in key regions and a strong Material Handling backlog supporting a turnaround. Despite macro headwinds—tariffs and construction softness—the stock trades at a discount to peers, offering significant upside potential. Strategic divestment and cost controls resulted in strong liquidity, while management prioritizes share repurchases over dividend payments.
Positive
Zacks Investment Research
4 weeks ago
5 Broker-Favored Stocks to Watch Amid Cooling Inflation
With inflation easing and consumer confidence rebounding, brokers favor stocks like BTSG, ALGT, CVI, ALTG and CBRL.
Neutral
Seeking Alpha
2 months ago
Alta Equipment Group Inc. (ALTG) Q1 2025 Earnings Call Transcript
Alta Equipment Group Inc. (NYSE:ALTG ) Q1 2025 Earnings Conference Call May 7, 2025 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting and Technical Accounting Ryan Greenawalt - Chairman & CEO Anthony Colucci - Chief Financial Officer Conference Call Participants Steven Ramsey - Thompson Research Group Ted Jackson - Northland Capital Markets Laura Maher - B. Riley Securities Operator Good afternoon, and thank you for attending the Alta Equipment Group First Quarter 2025 Earnings Conference Call.
Negative
Zacks Investment Research
2 months ago
Alta Equipment (ALTG) Reports Q1 Loss, Misses Revenue Estimates
Alta Equipment (ALTG) came out with a quarterly loss of $0.65 per share versus the Zacks Consensus Estimate of a loss of $0.60. This compares to loss of $0.38 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
Alta Equipment Group Announces First Quarter 2025 Financial Results, Reaffirms Organic Guidance post-Business Divestiture, and Introduces Rebalancing in Capital Allocation Strategy
First Quarter Financial Highlights: Total revenues decreased $18.6 million year over year to $423.0 million Construction Equipment and Material Handling revenues of $245.8 million and $157.9 million, respectively Product support revenues increased modestly year over year to $138.1 million for the quarter Service gross profit percentage increased 230 basis points year over year to 60.1% Selling, general and administrative expenses reduced by $7.9 million year over year Net loss available to common stockholders of $(21.7) million Basic and diluted net loss per share of $(0.65) Adjusted basic and diluted pre-tax net loss per share* of $(0.48) Adjusted EBITDA* of $33.6 million LIVONIA, Mich., May 07, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta”, "we", "our" or the “Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced financial results for the first quarter ended March 31, 2025.
Neutral
GlobeNewsWire
2 months ago
Alta Equipment Group Announces Common Stock Dividend
LIVONIA, Mich., May 02, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or "the Company"), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that its Board of Directors approved the quarterly dividend on its common stock in the amount of $0.057 per share. The dividend payment date is May 30, 2025, to shareholders of record at the close of business on May 15, 2025.
Neutral
GlobeNewsWire
2 months ago
Alta Equipment Group Announces Date of First Quarter 2025 Financial Results Release, Conference Call and Webcast
LIVONIA, Mich., April 23, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that it will report its financial results for the first quarter ended March 31, 2025, after the U.S. markets close on Wednesday, May 7, 2025. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the Company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary presentation slides reporting these results on the Investors portion of the Company's website, https://investors.altaequipment.com .
Neutral
GlobeNewsWire
3 months ago
Alta Equipment Group Announces Preferred Stock Dividend
LIVONIA, Mich., April 03, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or “the Company”), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is April 30, 2025, to shareholders of record at the close of business on April 15, 2025.
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