NYSE:ALTG Alta Equipment Group (ALTG) Stock Price, News & Analysis $6.66 -0.07 (-1.04%) (As of 09/20/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Alta Equipment Group alerts: Email Address About Alta Equipment Group Stock (NYSE:ALTG) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Alta Equipment Group alerts:Sign Up Key Stats Today's Range$6.54▼$6.8050-Day Range$5.59▼$11.0752-Week Range$5.40▼$13.67Volume547,453 shsAverage Volume375,839 shsMarket Capitalization$220.76 millionP/E RatioN/ADividend Yield3.30%Price Target$14.67Consensus RatingModerate Buy Company OverviewAlta 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… Trump’s “Tax Free” Retirement Strategy (Ad)Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. If you're planning on retiring any time soon... Every retirement dollar you have invested in paper assets will only continue to drop in value. We just released a Free Guide that reveals all the details.Click here to get the free Gold Guide now. Alta Equipment Group Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 63rd PercentileAlta Equipment Group scored higher than 63% of companies evaluated by MarketBeat, and ranked 107th out of 172 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.3 / 5Analyst RatingModerate Buy Consensus RatingAlta Equipment Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, 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. Earnings and Valuation0.6 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Alta Equipment Group are expected to grow in the coming year, from ($1.04) to ($0.61) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Alta Equipment Group is -31.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Alta Equipment Group is -31.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioAlta Equipment Group has a P/B Ratio of 1.44. 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. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted12.15% 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 5.5.Change versus previous monthShort interest in Alta Equipment Group has recently decreased by 1.21%, indicating that investor sentiment is improving. Dividend1.7 / 5Dividend StrengthWeak Dividend LeadershipAlta Equipment Group is a leading dividend payer. It pays a dividend yield of 3.52%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAlta Equipment Group does not have a long track record of dividend growth.Read more about Alta Equipment Group's dividend. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted12.15% 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 5.5.Change versus previous monthShort interest in Alta Equipment Group has recently decreased by 1.21%, indicating that investor sentiment is improving. News and Social Media0.6 / 5News SentimentN/A Search Interest3 people have searched for ALTG on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days. Company Ownership4.2 / 5Insider TradingAcquiring Shares Insider Buying vs. Insider SellingIn the past three months, Alta Equipment Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,777,451.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders19.90% 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. 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 ALTG Stock News HeadlinesUnpacking Q2 Earnings: Alta (NYSE:ALTG) In The Context Of Other Specialty Equipment Distributors StocksSeptember 6, 2024 | theglobeandmail.comAlta Equipment Group Elects Colin Wilson as DirectorSeptember 5, 2024 | finance.yahoo.comTrump’s “Tax Free” Retirement StrategySince 1924 — over one hundred years — the US dollar has lost nearly 18x its value. If you're planning on retiring any time soon... Every retirement dollar you have invested in paper assets will only continue to drop in value. We just released a Free Guide that reveals all the details.September 20, 2024 | Gold Safe Exchange (Ad)Alta Equipment Group: More Than 100% Upside As Cash Piles Up In Coming QuartersAugust 27, 2024 | seekingalpha.comRaymond James Downgrades Alta Equipment Group (ALTG)August 10, 2024 | msn.comRaymond James Downgrades Alta Equipment Group Inc. - Preferred Stock (ALTG.PRA)August 10, 2024 | msn.comAlta Equipment Group Inc. (NYSE:ALTG) Q2 2024 Earnings Call TranscriptAugust 9, 2024 | msn.comALTG Stock Earnings: Alta Equipment Group Beats EPS, Misses Revenue for Q2 2024August 8, 2024 | msn.comSee More Headlines ALTG Stock Analysis - Frequently Asked Questions How have ALTG shares performed this year? Alta Equipment Group's stock was trading at $12.37 at the beginning of the year. Since then, ALTG shares have decreased by 46.2% and is now trading at $6.66. View the best growth stocks for 2024 here. How were Alta Equipment Group's earnings last quarter? Alta Equipment Group Inc. (NYSE:ALTG) issued its earnings results on Wednesday, August, 7th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.04) by $0.34. The firm earned $488.10 million during the quarter, compared to analyst estimates of $497.57 million. Alta Equipment Group had a negative trailing twelve-month return on equity of 13.09% and a negative net margin of 0.95%. Who are Alta Equipment Group's major shareholders? Top institutional investors of Alta Equipment Group include Nantahala Capital Management LLC (2.53%), Dimensional Fund Advisors LP (1.71%), 272 Capital LP (1.48%) and Foundry Partners LLC (1.04%). Insiders that own company stock include Ryan Greenawalt, Mill Road Capital Iii, LP, Daniel Shribman, B Riley Financial, Inc, Voss Capital, Llc, Anthony Colucci, Zachary E Savas, Craig Brubaker and Jeffrey Alan Hoover. 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. Company Calendar Last Earnings8/07/2024Ex-Dividend for 8/30 Dividend8/15/2024Dividend Payable8/30/2024Today9/20/2024Next Earnings (Estimated)11/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorIndustrial Products Industry Industrial machinery & equipment Sub-IndustryWholesale Current SymbolNYSE:ALTG CUSIPN/A CIK1759824 Webwww.altaequipment.com Phone(248) 449-6700FaxN/AEmployees3,000Year FoundedN/APrice Target and Rating Average Stock Price Target$14.67 High Stock Price Target$22.00 Low Stock Price Target$10.00 Potential Upside/Downside+120.6%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.21) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$8.90 million Net Margins-0.95% Pretax Margin-1.67% Return on Equity-13.09% Return on Assets-1.18% Debt Debt-to-Equity Ratio5.81 Current Ratio1.37 Quick Ratio0.47 Sales & Book Value Annual Sales$1.92 billion Price / Sales0.11 Cash Flow$4.93 per share Price / Cash Flow1.35 Book Value$4.62 per share Price / Book1.44Miscellaneous Outstanding Shares33,147,000Free Float26,551,000Market Cap$220.43 million OptionableOptionable Beta1.67 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. 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