We rank companies based on fund manager, research analyst and news sentiment
ALTG stock icon

Alta Equipment Group
ALTG

$11.59
0.43%
 

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

0
Funds holding %
of 6,474 funds
Analysts bullish %
0
News positive %
of 6 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

63% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 32

8% more capital invested

Capital invested by funds: $278M [Q3] → $302M (+$23.4M) [Q4]

4.05% more ownership

Funds ownership: 71.3% [Q3] → 75.35% (+4.05%) [Q4]

6% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 16

1% more funds holding

Funds holding: 112 [Q3] → 113 (+1) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]

65% less call options, than puts

Call options by funds: $1.09M | Put options by funds: $3.09M

Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$22
90%
upside
Avg. target
$22
90%
upside
High target
$22
90%
upside

2 analyst ratings

positive
100%
neutral
0%
negative
0%
B. Riley Securities
Alex Rygiel
90%upside
$22
Buy
Reiterated
15 Mar 2024
DA Davidson
Matt Summerville
90%upside
$22
Buy
Maintained
15 Mar 2024

Financial journalist opinion

Based on 6 articles about ALTG published over the past 30 days

Neutral
GlobeNewsWire
1 month ago
Alta Equipment Group Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Adjusted EBITDA Guidance for 2024
Fourth Quarter Financial Highlights: (comparisons are year over year) Total revenues increased 21.7% year over year to $521.5 million Construction and Material Handling revenues of $328.1 million and $179.0 million, respectively Product support revenues increased 14.2% year over year with Parts sales increasing to $69.1 million and Service revenues increasing to $60.8 million New and used equipment sales grew 25.1% to $298.1 million Net loss available to common stockholders of $(2.7) million compared to $(1.5) million in 2022 Basic and diluted net loss per share of $(0.08) compared to $(0.05) in 2022 Adjusted basic and diluted net income per share* of $0.03 for 2023 compared to $0.10 for 2022 Adjusted EBITDA* grew 16.4% to $49.7 million compared to $42.7 million in 2022 Completed acquisitions of Burris Equipment Company and Ault Industries Inc. 2023 Full Year Financial Highlights: (comparisons are year over year) Total revenues increased $305.0 million year over year to $1,876.8 million Construction and Material Handling revenues of $1,124.7 million and $681.5 million, respectively Master Distribution with revenues of $83.8 million Product Support revenues increased 17.7% year over year with Parts sales increasing to $278.3 million and Service revenues increasing to $241.3 million New and used equipment sales grew 25.5% to $1,025.9 million Net income available to common stockholders of $5.9 million compared to $6.3 million in 2022 Basic and diluted net income per share of $0.18 compared to $0.20 in 2022 Adjusted basic and diluted net income per share* of $0.69 and $0.68, respectively, compared to $0.58 for both in 2022 Adjusted EBITDA* grew 21.1% to $191.4 million, exceeding guidance midpoint, compared to $158.1 million in 2022 LIVONIA, Mich., March 14, 2024 (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 fourth quarter and full year ended December 31, 2023.
Alta Equipment Group Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Adjusted EBITDA Guidance for 2024