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 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
43% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 30
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
0% more funds holding
Funds holding: 102 [Q3] → 102 (+0) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]
0.59% less ownership
Funds ownership: 68.39% [Q3] → 67.8% (-0.59%) [Q4]
3% less capital invested
Capital invested by funds: $153M [Q3] → $147M (-$5.07M) [Q4]
65% less call options, than puts
Call options by funds: $721K | Put options by funds: $2.05M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$8.50
100%
upside
Avg. target
$8.50
100%
upside
High target
$8.50
100%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Raymond James Bryan Fast 50% 1-year accuracy 1 / 2 met price target | 100%upside $8.50 | Market Perform Maintained | 10 Mar 2025 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 week 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 weeks 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.
Neutral
Seeking Alpha
1 month ago
Alta Equipment Group Inc. (ALTG) Q4 2024 Earnings Call Transcript
Alta Equipment Group Inc. (NYSE:ALTG ) Q4 2024 Earnings Conference Call March 5, 2025 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 - DA Davidson Steven Ramsey - Thompson Research Group Ted Jackson - Northland Securities Operator Good afternoon, and thank you for attending the Alta Equipment Group Fourth Quarter and Full Year 2024 Earnings Conference Call. My name is Joule [ph] and I'll be your moderator for today's call.
Negative
Zacks Investment Research
1 month ago
Alta Equipment (ALTG) Reports Q4 Loss, Tops Revenue Estimates
Alta Equipment (ALTG) came out with a quarterly loss of $0.34 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.08 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Alta Equipment Group Announces Fourth Quarter and Full Year 2024 Financial Results and Provides Adjusted EBITDA Guidance for 2025
Equipment Fleet and Working Capital Management Generate Strong Fourth Quarter Cash Flows as Pressured Volumes and Gross Margins on Equipment Sales Drive Quarterly and Annual Earnings Decline Equipment Fleet and Working Capital Management Generate Strong Fourth Quarter Cash Flows as Pressured Volumes and Gross Margins on Equipment Sales Drive Quarterly and Annual Earnings Decline
Neutral
GlobeNewsWire
2 months ago
Alta Equipment Group Announces Date of Fourth Quarter and Full Year 2024 Financial Results Release, Conference Call and Webcast
LIVONIA, Mich., Feb. 21, 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 fourth quarter and full year ended December 31, 2024, after the U.S. markets close on Wednesday, March 5, 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
2 months ago
Alta Equipment Group Announces Common Stock Dividend
LIVONIA, Mich., Feb. 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 common stock in the amount of $0.057 per share. The dividend payment date is February 28, 2025, to shareholders of record at the close of business on February 15, 2025.
Neutral
GlobeNewsWire
3 months ago
Alta Equipment Group Announces Preferred Stock Dividend
LIVONIA, Mich., Jan. 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 January 31, 2025, to shareholders of record at the close of business on January 15, 2025.
Neutral
Seeking Alpha
4 months ago
Alta Equipment Group: Weighing Potential Returns Against Material Uncertainty
Alta Equipment Group operates a compelling business model as an exclusive regional distributor and rental equipment provider for several construction and material handling OEM's. The company's management appears capable, but may be wearing rose-colored glasses when projecting future prospects. An investment in Alta provides an opportunity for great returns, but not without significant uncertainty and risk.
Negative
Zacks Investment Research
5 months 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.
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