ALTG stock icon

Alta Equipment Group

8.06 USD
+0.27
3.47%
At close Dec 4, 4:00 PM EST
1 day
3.47%
5 days
-0.98%
1 month
20.84%
3 months
20.48%
6 months
3.60%
Year to date
-33.99%
1 year
-22.50%
5 years
-19.16%
10 years
-16.91%
 

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 6,790 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

8% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 38

4.81% less ownership

Funds ownership: 72.13% [Q2] → 67.32% (-4.81%) [Q3]

11% less funds holding

Funds holding: 115 [Q2] → 102 (-13) [Q3]

22% less capital invested

Capital invested by funds: $192M [Q2] → $150M (-$42.2M) [Q3]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]

46% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 28

58% less call options, than puts

Call options by funds: $816K | Put options by funds: $1.94M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$9
12%
upside
Avg. target
$14.50
80%
upside
High target
$20
148%
upside

2 analyst ratings

positive
0%
neutral
100%
negative
0%
Raymond James
Bryan Fast
100% 1-year accuracy
1 / 1 met price target
12%upside
$9
Market Perform
Maintained
14 Nov 2024
Northland Capital Markets
Ted Jackson
80% 1-year accuracy
4 / 5 met price target
148%upside
$20
Market Perform
Downgraded
13 Nov 2024

Financial journalist opinion

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

Negative
Zacks Investment Research
1 week ago
New Strong Sell Stocks for November 22nd
ATI, AKBA and ALTG have been added to the Zacks Rank #5 (Strong Sell) List on November 22, 2024.
New Strong Sell Stocks for November 22nd
Neutral
Seeking Alpha
3 weeks ago
Alta Equipment Group Inc. (ALTG) Q3 2024 Earnings Call Transcript
Alta Equipment Group Inc. (NYSE:ALTG ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Jason Dammeyer - Director of SEC Reporting & Technical Accounting Ryan Greenawalt - Chairman & CEO Tony Colucci - Chief Financial Officer Conference Call Participants Canyon Hayes - D.A. Davidson Steven Ramsey - Thompson Research Group Ted Jackson - Northland Securities Min Cho - B.
Alta Equipment Group Inc. (ALTG) Q3 2024 Earnings Call Transcript
Negative
Zacks Investment Research
3 weeks ago
Alta Equipment (ALTG) Reports Q3 Loss, Lags Revenue Estimates
Alta Equipment (ALTG) came out with a quarterly loss of $0.86 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to earnings of $0.20 per share a year ago.
Alta Equipment (ALTG) Reports Q3 Loss, Lags Revenue Estimates
Neutral
GlobeNewsWire
3 weeks ago
Alta Equipment Group Announces Third Quarter 2024 Financial Results
Third Quarter Financial Highlights: Total revenues decreased $17.4 million year over year to $448.8 million Construction Equipment and Material Handling revenues of $262.3 million and $168.9 million, respectively Product support revenues increased 7.8% year over year with Parts sales increasing to $75.6 million and Service revenues increasing to $64.6 million New and used equipment sales decreased 13.3% year over year to $219.8 million Net loss available to common stockholders of $(28.4) million Basic and diluted net loss per share of $(0.86) Adjusted basic and diluted net loss per share* of $(0.72) Adjusted EBITDA* of $43.2 million Third quarter 2024 net loss was impacted by a $14.0 million discrete tax expense from increasing the valuation allowance on our deferred tax assets, specifically related to 163(j) interest limitations Additionally, on October 30, 2024, the Company's Board of Directors approved an increase to the share buyback authorization from $12.5 million to $20.0 million LIVONIA, Mich., Nov. 12, 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 third quarter ended September 30, 2024.
Alta Equipment Group Announces Third Quarter 2024 Financial Results
Neutral
GlobeNewsWire
3 weeks ago
Alta Equipment Group Announces Date of Third Quarter 2024 Financial Results Release, Conference Call and Webcast
LIVONIA, Mich., Nov. 07, 2024 (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 third quarter ended September 30, 2024, after the U.S. markets close on Tuesday, November 12, 2024.
Alta Equipment Group Announces Date of Third Quarter 2024 Financial Results Release, Conference Call and Webcast
Positive
Zacks Investment Research
3 weeks ago
Alta Equipment (ALTG) Moves 15.8% Higher: Will This Strength Last?
Alta Equipment (ALTG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Alta Equipment (ALTG) Moves 15.8% Higher: Will This Strength Last?
Neutral
GlobeNewsWire
1 month ago
Alta Equipment Group Announces Common Stock Dividend
LIVONIA, Mich., Nov. 04, 2024 (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.
Alta Equipment Group Announces Common Stock Dividend
Neutral
Seeking Alpha
1 month ago
Alta Equipment: Overlooked And Undervalued
Alta's earnings power is more durable than appears with Parts & Services segment driving high margin, recurring revenue growth. Despite appearing highly levered, Alta enjoys subsidized floor plan financing and is well capitalized to weather temporary headwinds. Alta's rental fleet flexibility reveals hidden asset value and significant cash generation potential in the coming quarters.
Alta Equipment: Overlooked And Undervalued
Neutral
GlobeNewsWire
2 months ago
Alta Equipment Group Announces Preferred Stock Dividend
LIVONIA, Mich., Oct. 03, 2024 (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 October 31, 2024, to shareholders of record at the close of business on October 15, 2024.
Alta Equipment Group Announces Preferred Stock Dividend
Neutral
Seeking Alpha
3 months ago
Alta Equipment Group Inc. (ALTG) Q2 2024 Earnings Call Transcript
Alta Equipment Group Inc. (NYSE:ALTG ) Q2 2024 Earnings Call Transcript August 7, 2024 5:00 PM ET Company Participants Jason Dammeyer - Investor Relations Ryan Greenawalt - Chairman & Chief Executive Officer Tony Colucci - Chief Financial Officer Conference Call Participants Canyon Hayes - D.A. Davidson Steve Hansen - Raymond James Steven Ramsey - Thompson Research Group Alex Rygiel - B.
Alta Equipment Group Inc. (ALTG) Q2 2024 Earnings Call Transcript
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