56,049 Shares in Alta Equipment Group Inc. (NYSE:ALTG) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new position in Alta Equipment Group Inc. (NYSE:ALTG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 56,049 shares of the company's stock, valued at approximately $367,000. BNP Paribas Financial Markets owned approximately 0.17% of Alta Equipment Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LPL Financial LLC boosted its stake in Alta Equipment Group by 1.5% in the fourth quarter. LPL Financial LLC now owns 118,942 shares of the company's stock worth $778,000 after purchasing an additional 1,774 shares in the last quarter. Rhumbline Advisers raised its position in shares of Alta Equipment Group by 5.7% during the fourth quarter. Rhumbline Advisers now owns 33,968 shares of the company's stock worth $222,000 after acquiring an additional 1,827 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Alta Equipment Group by 20.8% during the fourth quarter. SG Americas Securities LLC now owns 13,784 shares of the company's stock worth $90,000 after acquiring an additional 2,375 shares during the last quarter. Barclays PLC raised its position in shares of Alta Equipment Group by 10.8% during the fourth quarter. Barclays PLC now owns 42,479 shares of the company's stock worth $278,000 after acquiring an additional 4,152 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Alta Equipment Group by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,533 shares of the company's stock worth $82,000 after acquiring an additional 4,272 shares during the last quarter. Institutional investors and hedge funds own 73.58% of the company's stock.

Insider Activity at Alta Equipment Group

In other Alta Equipment Group news, COO Craig Brubaker sold 5,294 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $5.00, for a total value of $26,470.00. Following the completion of the sale, the chief operating officer now directly owns 98,640 shares in the company, valued at $493,200. This represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ALTG shares. DA Davidson dropped their target price on Alta Equipment Group from $9.00 to $8.00 and set a "buy" rating for the company in a research report on Monday, May 19th. B. Riley started coverage on Alta Equipment Group in a research report on Thursday, March 27th. They set a "buy" rating and a $10.00 target price for the company. Finally, Raymond James dropped their target price on Alta Equipment Group from $8.50 to $7.00 and set a "market perform" rating for the company in a research report on Friday, May 16th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Alta Equipment Group currently has an average rating of "Moderate Buy" and an average target price of $11.25.

Alta Equipment Group Trading Down 1.9%

NYSE ALTG traded down $0.09 on Friday, reaching $4.79. The company had a trading volume of 114,648 shares, compared to its average volume of 291,474. The stock's 50 day moving average is $4.60 and its 200-day moving average is $6.03. The stock has a market cap of $157.27 million, a price-to-earnings ratio of -2.83 and a beta of 1.53. The company has a quick ratio of 0.43, a current ratio of 1.35 and a debt-to-equity ratio of 7.45. Alta Equipment Group Inc. has a 52 week low of $3.54 and a 52 week high of $11.39.

Alta Equipment Group (NYSE:ALTG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.65) EPS for the quarter, missing analysts' consensus estimates of ($0.60) by ($0.05). The company had revenue of $423.00 million during the quarter, compared to the consensus estimate of $436.15 million. Alta Equipment Group had a negative net margin of 2.81% and a negative return on equity of 42.09%. Equities analysts predict that Alta Equipment Group Inc. will post -1.92 earnings per share for the current year.

Alta Equipment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.057 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.23 dividend on an annualized basis and a yield of 4.76%. Alta Equipment Group's dividend payout ratio is presently -9.87%.

About Alta Equipment Group

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.