NYSE:ALTG Alta Equipment Group (ALTG) Stock Price, News & Analysis → The Gold Grab of the Century (From Colonial Metals) (Ad) Free ALTG Stock Alerts $11.44 -0.29 (-2.47%) (As of 04/25/2024 ET) Add Compare Share Share Today's Range$11.29▼$11.5350-Day Range$10.51▼$13.1552-Week Range$8.76▼$17.98Volume151,417 shsAverage Volume218,204 shsMarket Capitalization$375.35 millionP/E Ratio63.56Dividend Yield2.01%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/Downside85.0% Upside$21.17 Price TargetShort InterestBearish7.37% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$31.01 M Sold Last QuarterProj. Earnings Growth92.59%From $0.27 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.4.12 out of 5 starsIndustrial Products Sector42nd out of 167 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. 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 1.99%, 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 122.22%. 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 42.31% next year. This indicates that Alta Equipment Group will be able to sustain or increase its 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 1.3 News and Social Media Coverage News SentimentAlta Equipment Group has a news sentiment score of 0.33. 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 1 news article for Alta Equipment Group this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for ALTG on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days. Previous Next 5.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Alta Equipment Group insiders have sold 28,561.53% more of their company's stock than they have bought. Specifically, they have bought $108,200.00 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. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Alta Equipment Group are expected to grow by 92.59% in the coming year, from $0.27 to $0.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Alta Equipment Group is 63.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Alta Equipment Group is 63.56, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.84.Price to Book Value per Share RatioAlta Equipment Group has a P/B Ratio of 2.48. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad WealthPressIt’s now possible to know the win rate of every trade… BEFORE you take it! Would you like to know the historic win rate of every trade you take before you place it? Well, it’s all possible with these FIVE Candlestick Pattern Cheatsheets. >> You can grab your FREE, laminated copies right here << 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.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 HeadlinesApril 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 26, 2024 | WealthPress (Ad)$25,000 into $109,616 in two months? Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…April 17, 2024 | morningstar.comAlta Equipment Group Inc Class A ALTGApril 16, 2024 | americanbankingnews.comAlta Equipment Group Inc. (NYSE:ALTG) Sees Large Drop in Short InterestApril 12, 2024 | msn.comAlta Equipment Group announces departure of director Zachary SavasApril 12, 2024 | globenewswire.comAlta Equipment Group Announces Board RefreshmentApril 3, 2024 | globenewswire.comAlta Equipment Group Announces Preferred Stock DividendApril 26, 2024 | WealthPress (Ad)$25,000 into $109,616 in two months? Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…April 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 callFebruary 14, 2024 | wsj.comAlta Equipment Group Inc. Cl ASee 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 1/31 Dividend1/11/2024Dividend Payable1/31/2024Ex-Dividend for 2/29 Dividend2/14/2024Dividend Payable2/29/2024Last Earnings3/14/2024Today4/26/2024Next Earnings (Confirmed)5/08/2024Fiscal 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+85.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.18 Trailing P/E Ratio63.56 Forward P/E Ratio42.37 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 / Sales0.20 Cash Flow$4.32 per share Price / Cash Flow2.65 Book Value$4.62 per share Price / Book2.48Miscellaneous Outstanding Shares32,805,000Free Float25,949,000Market Cap$375.29 million OptionableOptionable Beta1.65 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.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:CIXGrafTech InternationalNYSE:EAFDMC GlobalNASDAQ:BOOMView All CompetitorsInsiders & InstitutionsMesirow Financial Investment Management Inc.Sold 6,217 shares on 4/26/2024Ownership: 0.058%Assenagon Asset Management S.A.Sold 30,831 shares on 4/24/2024Ownership: 0.181%Mesirow Financial Investment Management Inc.Sold 6,217 shares on 4/19/2024Ownership: 0.058%Register Financial Advisors LLCBought 43,901 shares on 4/16/2024Ownership: 0.709%Quadrature Capital LtdBought 4,517 shares on 3/25/2024Ownership: 0.046%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 equities 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 equities 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 brokerages have issued 1-year price objectives 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 share price to reach $21.17 in the next year. This suggests a possible upside of 85.0% 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 on January 1st, 2024. Since then, ALTG stock has decreased by 7.5% and is now trading at $11.44. View the best growth stocks for 2024 here. Are investors shorting Alta Equipment Group? Alta Equipment Group saw a decline in short interest in 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. Approximately 7.7% of the shares of the stock are sold short. 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) announced its earnings results on Thursday, March, 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.03. The company earned $521.50 million during the quarter, compared to analyst estimates of $478.68 million. Alta Equipment Group had a trailing twelve-month return on equity of 8.60% and a net margin of 0.47%. How often does Alta Equipment Group pay dividends? What is the dividend yield for Alta Equipment Group? Alta Equipment Group announced a quarterly dividend on Friday, February 2nd. Stockholders 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 yield of 1.99%. The ex-dividend date 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 $0.22 per share and currently has a dividend yield of 1.99%. The dividend payout ratio is 122.22%. 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 42.31% 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%), Assenagon Asset Management S.A. (0.18%), Mesirow Financial Investment Management Inc. (0.06%) 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. This page (NYSE:ALTG) was last updated on 4/26/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingThese AI trades triggered this morning (545% return)Prosper Trading AcademyThe A.I. story nobody is telling you (Read ASAP)TradeSmithDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsFed launches fourth dollar overhaulStansberry ResearchThe only accurate crypto trading system I know …Weiss RatingsBetter than Bitcoin? The Biotech Stock with 46,751% PotentialBehind the Markets Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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