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NYSE:ALTG

Alta Equipment Group (ALTG) Stock Price, News & Analysis

$12.91
+0.02 (+0.16%)
(As of 02:26 PM ET)
Today's Range
$12.81
$12.98
50-Day Range
$10.51
$12.96
52-Week Range
$8.76
$17.98
Volume
148,291 shs
Average Volume
333,359 shs
Market Capitalization
$423.58 million
P/E Ratio
71.72
Dividend Yield
1.78%
Price Target
$21.17

Alta Equipment Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
63.4% Upside
$21.17 Price Target
Short Interest
Bearish
8.17% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$31.01 M Sold Last Quarter
Proj. Earnings Growth
82.61%
From $0.46 to $0.84 Per Share

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.

4.06 out of 5 stars

Industrial Products Sector

43rd out of 172 stocks

Industrial Machinery & Equipment Industry

1st out of 5 stocks

ALTG stock logo

About Alta Equipment Group Stock (NYSE:ALTG)

Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution. 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.

ALTG Stock Price History

ALTG Stock News Headlines

ALTG Alta Equipment Group Inc.
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Q4 2023 Alta Equipment Group Inc Earnings Call
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Recap: Alta Equipment Group Q4 Earnings
A Preview Of Alta Equipment Group's Earnings
Alta Equipment Group Appoints Sidhartha Nair as Director
ALTG Mar 2024 10.000 call
Alta Equipment Group Inc. Cl A
Alta Equipment Group: Dividend Insights
Alta Equipment Group Inc. (ALTG-PA)
See More Headlines
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Company Calendar

Last Earnings
11/11/2021
Ex-Dividend for 1/31 Dividend
1/11/2024
Dividend Payable
1/31/2024
Ex-Dividend for 2/29 Dividend
2/14/2024
Dividend Payable
2/29/2024
Today
3/28/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Industrial machinery & equipment
Sub-Industry
N/A
Fax
N/A
Employees
3,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.17
High Stock Price Target
$22.00
Low Stock Price Target
$19.50
Potential Upside/Downside
+64.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$8.90 million
Pretax Margin
0.13%

Debt

Sales & Book Value

Annual Sales
$1.88 billion
Cash Flow
$4.46 per share
Book Value
$4.62 per share

Miscellaneous

Free Float
25,949,000
Market Cap
$422.92 million
Optionable
Optionable
Beta
1.64
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Key Executives

  • Mr. Ryan Greenawalt (Age 50)
    CEO & Chairman
    Comp: $1.75M
  • Mr. Anthony J. ColucciMr. Anthony J. Colucci (Age 45)
    Chief Financial Officer
    Comp: $946.91k
  • Mr. Craig Brubaker (Age 53)
    Chief Operating Officer
    Comp: $620.35k
  • Mr. Jeff Hoover
    Chief Legal Officer & General Counsel
  • Paul Ivankovics
    Vice President of Human Resources
  • Mr. Robert T. Chiles
    President of Construction Equipment Division
  • Mr. Bob Kohler
    President of Industrial Group
  • Mr. Alan Hammersley
    President & CEO of NITCO
  • Mr. Andrew Rundle
    Director of Finance
  • Jason Dammeyer
    Director of SEC Reporting & Technical Accounting

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 twelve months. 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 brokers have issued 1-year target prices for Alta Equipment Group's stock. Their ALTG share price targets range from $19.50 to $22.00. On average, they predict the company's stock price to reach $21.17 in the next year. This suggests a possible upside of 63.4% 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 beginning of 2024. Since then, ALTG shares have increased by 4.7% and is now trading at $12.95.
View the best growth stocks for 2024 here
.

Are investors shorting Alta Equipment Group?

Alta Equipment Group saw a drop in short interest during the month of February. As of February 29th, there was short interest totaling 1,760,000 shares, a drop of 15.4% from the February 14th total of 2,080,000 shares. Based on an average daily volume of 302,900 shares, the short-interest ratio is presently 5.8 days. Approximately 7.9% 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 were Alta Equipment Group's earnings last quarter?

Alta Equipment Group Inc. (NYSE:ALTG) released its quarterly earnings results on Thursday, November, 11th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by $0.05. The firm had revenue of $295 million for the quarter, compared to analysts' expectations of $287.10 million. Alta Equipment Group had a trailing twelve-month return on equity of 8.60% and a net margin of 0.47%. During the same quarter last year, the business earned $0.01 earnings per share.

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 Friday, February 2nd. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.057 per share on Thursday, February 29th. This represents a $0.23 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, February 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 1.78%. 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 27.38% 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 a variety of retail and institutional investors. Top institutional investors include Voss Capital LLC (10.02%), Mill Road Capital Management LLC (7.29%), Vanguard Group Inc. (3.83%), Vanguard Group Inc. (3.83%), Granahan Investment Management LLC (3.18%) and Wells Fargo & Company MN (2.00%). 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.

This page (NYSE:ALTG) was last updated on 3/28/2024 by MarketBeat.com Staff

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