Alta Equipment GroupALTG
Market Cap: 360M
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: 3,000
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
53% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 34
47% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 17
33% more funds holding in top 10
Funds holding in top 10: 3 [Q4 2023] → 4 (+1) [Q1 2024]
7% more funds holding
Funds holding: 115 [Q4 2023] → 123 (+8) [Q1 2024]
4% more capital invested
Capital invested by funds: $302M [Q4 2023] → $314M (+$12.2M) [Q1 2024]
1.42% less ownership
Funds ownership: 75.48% [Q4 2023] → 74.06% (-1.42%) [Q1 2024]
71% less call options, than puts
Call options by funds: $1.23M | Put options by funds: $4.25M
Research analyst outlook
3 Wall Street Analysts provided 1 year price forecasts over the past 6 months
3 analyst ratings
DA Davidson Matt Summerville | 84%upside $20 | Buy Maintained | 21 May 2024 |
B. Riley Securities Alex Rygiel | 103%upside $22 | Buy Reiterated | 15 Mar 2024 |
DA Davidson Matt Summerville | 103%upside $22 | Buy Maintained | 15 Mar 2024 |