NYSE:ALTG Alta Equipment Group (ALTG) Stock Price, News & Analysis → The Department of Defense Has a New Drone Contractor (From The Tomorrow Investor) (Ad) Free ALTG Stock Alerts $11.83 -0.03 (-0.25%) (As of 05/7/2024 ET) Add Compare Share Share Today's Range$11.78▼$12.0950-Day Range$10.51▼$13.1552-Week Range$8.76▼$17.98Volume296,751 shsAverage Volume301,413 shsMarket Capitalization$388.14 millionP/E Ratio65.72Dividend Yield1.94%Price Target$21.17 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Alta Equipment Group alerts: Email Address Alta Equipment Group MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside78.9% Upside$21.17 Price TargetShort InterestBearish7.37% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.55Based on 6 Articles This WeekInsider TradingSelling Shares$31.01 M Sold Last QuarterProj. Earnings Growth333.33%From $0.12 to $0.52 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.10 out of 5 starsIndustrial Products Sector43rd out of 169 stocksIndustrial Machinery & Equipment Industry3rd out of 5 stocks 3.5 Analyst's Opinion Consensus RatingAlta Equipment Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageAlta Equipment Group has only been the subject of 2 research reports in the past 90 days.Read more about Alta Equipment Group's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted7.37% of the float of Alta Equipment Group has been sold short.Short Interest Ratio / Days to CoverAlta Equipment Group has a short interest ratio ("days to cover") of 5.1.Change versus previous monthShort interest in Alta Equipment Group has recently decreased by 4.02%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend YieldAlta Equipment Group pays a meaningful dividend of 1.95%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAlta Equipment Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Alta Equipment Group is 127.78%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Alta Equipment Group will have a dividend payout ratio of 44.23% next year. This indicates that Alta Equipment Group will be able to sustain or increase its dividend.Read more about Alta Equipment Group's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ALTG. Previous Next 2.0 News and Social Media Coverage News SentimentAlta Equipment Group has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Alta Equipment Group this week, compared to 1 article on an average week. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Alta Equipment Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $31,011,780.00 in company stock.Percentage Held by Insiders20.90% of the stock of Alta Equipment Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions73.58% of the stock of Alta Equipment Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Alta Equipment Group's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Alta Equipment Group are expected to grow by 333.33% in the coming year, from $0.12 to $0.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Alta Equipment Group is 65.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.82.Price to Earnings Ratio vs. SectorThe P/E ratio of Alta Equipment Group is 65.72, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.88.Price to Book Value per Share RatioAlta Equipment Group has a P/B Ratio of 2.56. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Alta Equipment Group's valuation and earnings. 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The company operates a branch network that sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, and other construction equipment and related products. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; provides automated equipment installation and system integration solutions; and distributes environmental processing equipment. It serves various manufacturing, food and beverage, automotive, municipal/government, education, pharmaceutical and medical, wholesale and retail distribution, construction, agriculture, road building, mining, recycling, and waste management sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.Read More ALTG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ALTG Stock News HeadlinesMay 2, 2024 | finance.yahoo.comIs It Too Late To Consider Buying Alta Equipment Group Inc. (NYSE:ALTG)?May 2, 2024 | globenewswire.comAlta Equipment Group Announces Common Stock DividendMay 7, 2024 | Paradigm Press (Ad)AI “wealth window” is closing June 25thToday, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.April 24, 2024 | globenewswire.comAlta Equipment Group Announces Date of First Quarter 2024 Financial Results Release, Conference Call and WebcastApril 18, 2024 | finance.yahoo.comAlta Equipment Group Inc. (NYSE:ALTG) Delivered A Weaker ROE Than Its IndustryApril 17, 2024 | morningstar.comAlta Equipment Group Inc Class A ALTGApril 12, 2024 | msn.comAlta Equipment Group announces departure of director Zachary SavasApril 12, 2024 | globenewswire.comAlta Equipment Group Announces Board RefreshmentMay 7, 2024 | Paradigm Press (Ad)AI “wealth window” is closing June 25thToday, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.April 3, 2024 | globenewswire.comAlta Equipment Group Announces Preferred Stock DividendApril 1, 2024 | finance.yahoo.comOwning 48% shares,institutional owners seem interested in Alta Equipment Group Inc. (NYSE:ALTG),March 22, 2024 | seekingalpha.comALTG Alta Equipment Group Inc.March 19, 2024 | markets.businessinsider.comAnalysts Offer Insights on Industrial Goods Companies: Ceco Environmental (CECO) and Alta Equipment Group (ALTG)March 16, 2024 | finance.yahoo.comAlta Equipment Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS LagsMarch 15, 2024 | finance.yahoo.comQ4 2023 Alta Equipment Group Inc Earnings CallMarch 14, 2024 | msn.comALTG Stock Earnings: Alta Equipment Group Beats EPS, Beats Revenue for Q4 2023March 14, 2024 | msn.comAlta Equipment Non-GAAP EPS of $0.03 in-line, revenue of $521.5M beats by $37.82MMarch 14, 2024 | benzinga.comRecap: Alta Equipment Group Q4 EarningsMarch 14, 2024 | finance.yahoo.comAlta Equipment Group Inc (ALTG) Reports Revenue Surge Amidst Net Loss in Q4March 14, 2024 | globenewswire.comAlta Equipment Group Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Adjusted EBITDA Guidance for 2024March 13, 2024 | benzinga.comA Preview Of Alta Equipment Group's EarningsMarch 4, 2024 | finance.yahoo.comBullish Alta Equipment Group Insiders Loaded Up On US$949.2k Of StockFebruary 29, 2024 | globenewswire.comAlta Equipment Group Announces Date of Fourth Quarter and Full Year 2023 Financial Results Release, Conference Call and WebcastFebruary 26, 2024 | globenewswire.comAlta Equipment Group Appoints Sidhartha Nair as DirectorFebruary 22, 2024 | benzinga.comAlta Equipment Group Stock (NYSE:ALTG), Quotes and News SummaryFebruary 19, 2024 | finance.yahoo.comIf EPS Growth Is Important To You, Alta Equipment Group (NYSE:ALTG) Presents An OpportunityFebruary 17, 2024 | finance.yahoo.comALTG Mar 2024 10.000 callSee More Headlines Receive ALTG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Alta Equipment Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 2/29 Dividend2/14/2024Dividend Payable2/29/2024Last Earnings3/14/2024Today5/07/2024Next Earnings (Confirmed)5/08/2024Ex-Dividend for 5/31 Dividend5/14/2024Dividend Payable5/31/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorIndustrial Products Industry Industrial machinery & equipment Sub-IndustryN/A Current SymbolNYSE:ALTG CUSIPN/A CIK1759824 Webwww.altaequipment.com Phone(248) 449-6700FaxN/AEmployees3,000Year FoundedN/APrice Target and Rating Average Stock Price Target$21.17 High Stock Price Target$22.00 Low Stock Price Target$19.50 Potential Upside/Downside+79.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.18 Trailing P/E Ratio65.67 Forward P/E Ratio98.50 P/E GrowthN/ANet Income$8.90 million Net Margins0.47% Pretax Margin0.13% Return on Equity8.60% Return on Assets0.85% Debt Debt-to-Equity Ratio4.40 Current Ratio1.32 Quick Ratio0.48 Sales & Book Value Annual Sales$1.88 billion Price / Sales0.21 Cash Flow$4.48 per share Price / Cash Flow2.64 Book Value$4.62 per share Price / Book2.56Miscellaneous Outstanding Shares32,810,000Free Float25,949,000Market Cap$387.81 million OptionableOptionable Beta1.67 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Ryan Greenawalt (Age 50)CEO & Chairman Comp: $1.75MMr. Anthony J. Colucci (Age 45)Chief Financial Officer Comp: $946.91kMr. Craig Brubaker (Age 53)Chief Operating Officer Comp: $620.35kMr. Jeff HooverChief Legal Officer & General CounselPaul IvankovicsVice President of Human ResourcesMr. Robert T. ChilesPresident of Construction Equipment DivisionMr. Bob KohlerPresident of Industrial GroupMr. Alan HammersleyPresident & CEO of NITCOMr. Andrew RundleDirector of FinanceJason DammeyerDirector of SEC Reporting & Technical AccountingMore ExecutivesKey CompetitorsDXP EnterprisesNASDAQ:DXPEMRC GlobalNYSE:MRCCompX InternationalNYSE:CIXPark-OhioNASDAQ:PKOHIperionXNASDAQ:IPXView All CompetitorsInsiders & InstitutionsQuantum Private Wealth LLCBought 13,500 shares on 5/7/2024Ownership: 0.268%Quantbot Technologies LPBought 6,355 shares on 5/6/2024Ownership: 0.048%Essex Investment Management Co. LLCBought 2,517 shares on 5/3/2024Ownership: 0.508%GSA Capital Partners LLPBought 12,371 shares on 5/3/2024Ownership: 0.160%Fifth Lane Capital LPBought 5,000 shares on 5/2/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions ALTG Stock Analysis - Frequently Asked Questions Should I buy or sell Alta Equipment Group stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alta Equipment Group in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALTG shares. View ALTG analyst ratings or view top-rated stocks. What is Alta Equipment Group's stock price target for 2024? 3 equities research analysts have issued 1 year target prices for Alta Equipment Group's shares. Their ALTG share price targets range from $19.50 to $22.00. On average, they expect the company's stock price to reach $21.17 in the next year. This suggests a possible upside of 78.9% from the stock's current price. View analysts price targets for ALTG or view top-rated stocks among Wall Street analysts. How have ALTG shares performed in 2024? Alta Equipment Group's stock was trading at $12.37 at the start of the year. Since then, ALTG shares have decreased by 4.4% and is now trading at $11.83. View the best growth stocks for 2024 here. Are investors shorting Alta Equipment Group? Alta Equipment Group saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,740,000 shares, a decline of 5.4% from the March 15th total of 1,840,000 shares. Based on an average trading volume of 328,400 shares, the short-interest ratio is currently 5.3 days. Currently, 7.7% of the company's stock are short sold. View Alta Equipment Group's Short Interest. When is Alta Equipment Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our ALTG earnings forecast. How can I listen to Alta Equipment Group's earnings call? Alta Equipment Group will be holding an earnings conference call on Wednesday, May 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "147420". How were Alta Equipment Group's earnings last quarter? Alta Equipment Group Inc. (NYSE:ALTG) issued its earnings results on Thursday, March, 14th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by $0.03. The business had revenue of $521.50 million for the quarter, compared to analyst estimates of $478.68 million. Alta Equipment Group had a net margin of 0.47% and a trailing twelve-month return on equity of 8.60%. How often does Alta Equipment Group pay dividends? What is the dividend yield for Alta Equipment Group? Alta Equipment Group declared a quarterly dividend on Thursday, May 2nd. Investors of record on Wednesday, May 15th will be given a dividend of $0.057 per share on Friday, May 31st. This represents a $0.23 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Tuesday, May 14th. Read our dividend analysis for ALTG. Is Alta Equipment Group a good dividend stock? Alta Equipment Group (NYSE:ALTG) pays an annual dividend of $0.23 per share and currently has a dividend yield of 1.95%. The dividend payout ratio is 127.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ALTG will have a dividend payout ratio of 44.23% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ALTG. Who are Alta Equipment Group's major shareholders? Alta Equipment Group's stock is owned by many different institutional and retail investors. Top institutional investors include Register Financial Advisors LLC (0.71%), Essex Investment Management Co. LLC (0.51%), Quantum Private Wealth LLC (0.27%), Assenagon Asset Management S.A. (0.18%), GSA Capital Partners LLP (0.16%) and Mesirow Financial Investment Management Inc. (0.06%). Insiders that own company stock include Andrew P Studdert, Anthony Colucci, B Riley Financial, Inc, Craig Brubaker, Daniel Shribman, Ryan Greenawalt, Voss Capital, Llc and Zachary E Savas. View institutional ownership trends. How do I buy shares of Alta Equipment Group? Shares of ALTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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