Alta Equipment Group (NYSE:ALTG) Upgraded by Wall Street Zen to Hold Rating

Alta Equipment Group (NYSE:ALTG) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

ALTG has been the topic of a number of other reports. Weiss Ratings restated a “sell (e+)” rating on shares of Alta Equipment Group in a research note on Monday, December 29th. Zacks Research upgraded Alta Equipment Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Finally, DA Davidson cut their price target on Alta Equipment Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.00.

Alta Equipment Group Stock Up 6.1%

Alta Equipment Group stock opened at $6.90 on Friday. Alta Equipment Group has a 1-year low of $3.54 and a 1-year high of $8.99. The company has a market cap of $222.42 million, a P/E ratio of -2.69 and a beta of 1.56. The company has a fifty day simple moving average of $6.17 and a 200 day simple moving average of $6.34. The company has a current ratio of 1.42, a quick ratio of 0.49 and a debt-to-equity ratio of 257.10.

Alta Equipment Group (NYSE:ALTG) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.02. The business had revenue of $509.10 million during the quarter, compared to the consensus estimate of $489.56 million. Alta Equipment Group had a negative return on equity of 234.34% and a negative net margin of 4.37%. Research analysts anticipate that Alta Equipment Group will post -1.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alta Equipment Group news, Director Daniel Shribman bought 40,000 shares of Alta Equipment Group stock in a transaction dated Monday, December 8th. The stock was acquired at an average cost of $5.07 per share, with a total value of $202,800.00. Following the purchase, the director directly owned 131,393 shares in the company, valued at $666,162.51. This represents a 43.77% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 19.20% of the company’s stock.

Hedge Funds Weigh In On Alta Equipment Group

Several large investors have recently modified their holdings of the business. Tudor Investment Corp ET AL boosted its position in Alta Equipment Group by 11.9% in the 4th quarter. Tudor Investment Corp ET AL now owns 100,885 shares of the company’s stock valued at $464,000 after buying an additional 10,768 shares during the period. Occudo Quantitative Strategies LP grew its position in Alta Equipment Group by 7.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 23,423 shares of the company’s stock worth $108,000 after purchasing an additional 1,558 shares during the last quarter. Millennium Management LLC raised its stake in Alta Equipment Group by 45.4% during the 4th quarter. Millennium Management LLC now owns 76,587 shares of the company’s stock valued at $352,000 after acquiring an additional 23,926 shares during the last quarter. Engineers Gate Manager LP grew its position in Alta Equipment Group by 18.1% in the 4th quarter. Engineers Gate Manager LP now owns 14,940 shares of the company’s stock valued at $69,000 after buying an additional 2,289 shares during the last quarter. Finally, CastleKnight Management LP raised its holdings in Alta Equipment Group by 11.4% during the fourth quarter. CastleKnight Management LP now owns 870,128 shares of the company’s stock worth $4,003,000 after purchasing an additional 89,068 shares in the last quarter. Institutional investors and hedge funds own 73.58% of the company’s stock.

Trending Headlines about Alta Equipment Group

Here are the key news stories impacting Alta Equipment Group this week:

• Positive Sentiment: Q4 results topped expectations: Alta reported revenue of $509.1M (above estimates) and an EPS beat on a smaller-than-expected loss, driven by stronger equipment sales and stable product-support revenues. Press Release
• Positive Sentiment: Management set a 2026 target of ~$180M adjusted EBITDA, signaling confidence in margin recovery as the market normalizes — a clear catalyst for upside if execution meets the target. MSN Article
• Positive Sentiment: Operational cash improvements: Q4 reductions in inventory (~$31.3M) and net paydown of the line of credit (~$20.4M) reduce working-capital strain and are constructive for liquidity and leverage metrics. GlobeNewsWire Release
• Neutral Sentiment: Investor materials and transcripts available: Management commentary and the full earnings/transcript provide detail on timing of margin recovery and demand trends; useful for modeling but not an immediate directional surprise. Yahoo Finance Transcript
• Negative Sentiment: Profitability still challenged: Full-year 2025 net loss widened (net loss available to common stockholders of $83.3M vs. $65.1M in 2024) and adjusted EBITDA was down slightly year-over-year, underscoring margins remain under pressure. GlobeNewsWire Release
• Negative Sentiment: Balance-sheet and analyst outlook risks: High leverage and a negative ROE/net margin profile remain concerns; sell‑side consensus still expects negative EPS for the year, leaving the stock sensitive to any execution miss. Zacks Analysis

About Alta Equipment Group

Alta Equipment Group, Inc (NYSE: ALTG) is a North American distributor of material handling and logistics equipment. The company offers a broad lineup of forklifts, lift trucks, aerial work platforms, tow motors, pallet jacks and related attachments, serving manufacturing, warehousing, distribution and industrial facilities. Through its network of branch locations, Alta Equipment provides customers with new and used sales, short- and long-term rentals, and integrated fleet management solutions designed to support operational efficiency.

In addition to equipment sales, Alta Equipment supports customers with comprehensive after-sales services.