NYSE:ALTG Alta Equipment Group (ALTG) Stock Price, News & Analysis → Moonshot Coins for the Current Crypto Run (From Crypto 101 Media) (Ad) Free ALTG Stock Alerts $8.55 -0.23 (-2.62%) (As of 06/14/2024 ET) Add Compare Share Share Today's Range$8.44▼$8.6650-Day Range$7.78▼$13.1252-Week Range$7.64▼$17.98Volume366,658 shsAverage Volume407,200 shsMarket Capitalization$283.43 millionP/E RatioN/ADividend Yield2.69%Price Target$20.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Alta Equipment Group alerts: Email Address Alta Equipment Group MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside139.8% Upside$20.50 Price TargetShort InterestHealthy7.26% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.44Based on 7 Articles This WeekInsider TradingAcquiring Shares$32,680 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.37) to ($0.07) 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.3.55 out of 5 starsIndustrial Products Sector71st out of 167 stocksIndustrial Machinery & Equipment Industry3rd out of 4 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 1 research reports in the past 90 days.Read more about Alta Equipment Group's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted7.26% 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 4.1.Change versus previous monthShort interest in Alta Equipment Group has recently decreased by 9.58%, indicating that investor sentiment is improving significantly. Previous Next 0.8 Dividend Strength Dividend YieldAlta Equipment Group pays a meaningful dividend of 2.60%, 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.Read more about Alta Equipment Group's 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 4.1 News and Social Media Coverage News SentimentAlta Equipment Group has a news sentiment score of 1.44. 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 is a higher news sentiment than the 0.88 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Alta Equipment Group this week, compared to 2 articles on an average week.Search Interest3 people have searched for ALTG on MarketBeat in the last 30 days. MarketBeat Follows3 people have added Alta Equipment Group to their MarketBeat watchlist in the last 30 days. Previous Next 4.2 Company Ownership 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 $32,680.00 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. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Alta Equipment Group are expected to grow in the coming year, from ($0.37) to ($0.07) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Alta Equipment Group is -40.71, 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 -40.71, 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 1.85. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyTrump’s arrest is phase oneIn this new documentary, you’ll discover the truth about Trump’s criminal conviction, who’s really pulling the puppet strings, and why this is just phase one in their dark plan to reshape America. It’s not just about blocking Trump’s re-election… To get all the details, go here now. 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 HeadlinesJune 11, 2024 | insidertrades.comInsider Buying: Alta Equipment Group Inc. (NYSE:ALTG) Insider Purchases 4,000 Shares of StockJune 12, 2024 | americanbankingnews.comJeffrey Alan Hoover Acquires 4,000 Shares of Alta Equipment Group Inc. (NYSE:ALTG) StockMay 21, 2024 | globenewswire.comAlta Equipment Group Announces Pricing of Private Offering of $500 Million of Senior Secured Second Lien Notes due 2029May 21, 2024 | markets.businessinsider.comAnalysts Offer Insights on Industrial Goods Companies: Advanced Energy (AEIS) and Alta Equipment Group (ALTG)May 20, 2024 | msn.comAlta Equipment to raise $500M through senior secured second lien notes offeringMay 20, 2024 | globenewswire.comAlta Equipment Group Announces Proposed Private Offering of $500 Million of Senior Secured Second Lien NotesMay 13, 2024 | finance.yahoo.comAlta Equipment Group Inc. (NYSE:ALTG) Q1 2024 Earnings Call TranscriptMay 10, 2024 | finance.yahoo.comAlta Equipment Group Inc. (ALTG) Q1 2024 Earnings: Misses EPS Estimates Amid Seasonal ChallengesMay 10, 2024 | investing.comAlta Equipment Group Inc (ALTG)May 10, 2024 | finance.yahoo.comAlta Equipment Group First Quarter 2024 Earnings: Revenues Beat Expectations, EPS LagsMay 9, 2024 | finance.yahoo.comQ1 2024 Alta Equipment Group Inc Earnings CallMay 9, 2024 | finance.yahoo.comAlta Equipment Group Inc (ALTG) (Q1 2024) Earnings Call Transcript Highlights: Navigating ...May 8, 2024 | msn.comALTG Stock Earnings: Alta Equipment Group Misses EPS, Beats Revenue for Q1 2024May 8, 2024 | globenewswire.comAlta Equipment Group Announces First Quarter 2024 Financial ResultsMay 2, 2024 | finance.yahoo.comIs It Too Late To Consider Buying Alta Equipment Group Inc. (NYSE:ALTG)?May 2, 2024 | globenewswire.comAlta Equipment Group Announces Common Stock DividendApril 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 17, 2024 | morningstar.comAlta Equipment Group Inc Class A ALTGApril 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 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)See 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 Last Earnings5/08/2024Ex-Dividend for 5/31 Dividend5/14/2024Dividend Payable5/31/2024Today6/16/2024Next Earnings (Estimated)8/14/2024Fiscal 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$20.50 High Stock Price Target$22.00 Low Stock Price Target$19.50 Potential Upside/Downside+139.8%Consensus RatingBuy Rating Score (0-4)3.00 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-0.21% Pretax Margin-0.77% Return on Equity-0.35% Return on Assets-0.03% Debt Debt-to-Equity Ratio4.93 Current Ratio1.30 Quick Ratio0.43 Sales & Book Value Annual Sales$1.88 billion Price / Sales0.15 Cash Flow$4.32 per share Price / Cash Flow1.98 Book Value$4.62 per share Price / Book1.85Miscellaneous Outstanding Shares33,150,000Free Float26,551,000Market Cap$283.43 million OptionableOptionable Beta1.66 The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Ryan Greenawalt (Age 50)CEO & Chairman Comp: $1.63MMr. Anthony J. Colucci (Age 45)Chief Financial Officer Comp: $884.14kMr. Craig Brubaker (Age 53)Chief Operating Officer Comp: $561.8kMr. Jeffrey A. Hoover (Age 44)Chief Legal Officer & General Counsel Paul IvankovicsVice President of Human ResourcesMr. Bob KohlerPresident of Industrial GroupMr. Alan HammersleyPresident & CEO of NITCOMr. Andrew RundleDirector of FinanceJason DammeyerDirector of SEC Reporting & Technical AccountingMore ExecutivesKey CompetitorsMRC GlobalNYSE:MRCDXP EnterprisesNASDAQ:DXPEMSC Industrial DirectNYSE:MSMGlobal IndustrialNYSE:GICScanSourceNASDAQ:SCSCView All CompetitorsInsiders & InstitutionsJeffrey Alan HooverBought 4,000 shares on 6/7/2024Total: $32,680.00 ($8.17/share)Ancora Advisors LLCBought 102,660 shares on 5/16/2024Ownership: 0.801%Janus Henderson Group PLCBought 35,838 shares on 5/16/2024Ownership: 0.155%California State Teachers Retirement SystemSold 1,367 shares on 5/16/2024Ownership: 0.060%PEAK6 Investments LLCBought 22,500 shares on 5/15/2024Ownership: 0.000%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 year. 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 Wall Street analysts have issued twelve-month target prices for Alta Equipment Group's stock. Their ALTG share price targets range from $19.50 to $22.00. On average, they expect the company's share price to reach $20.50 in the next year. This suggests a possible upside of 139.8% 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 shares have decreased by 30.9% and is now trading at $8.55. View the best growth stocks for 2024 here. Are investors shorting Alta Equipment Group? Alta Equipment Group saw a decrease in short interest during the month of May. As of May 31st, there was short interest totaling 1,510,000 shares, a decrease of 9.6% from the May 15th total of 1,670,000 shares. Based on an average daily trading volume, of 372,600 shares, the days-to-cover ratio is currently 4.1 days. Approximately 7.3% of the shares of the company 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, August 14th 2024. View our ALTG earnings forecast. How were Alta Equipment Group's earnings last quarter? Alta Equipment Group Inc. (NYSE:ALTG) announced its quarterly earnings data on Wednesday, May, 8th. The company reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by $0.17. The firm earned $441.60 million during the quarter, compared to analysts' expectations of $416.35 million. Alta Equipment Group had a negative net margin of 0.21% and a negative trailing twelve-month return on equity of 0.35%. 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 Thursday, May 2nd. Investors of record on Wednesday, May 15th will be given a dividend of $0.057 per share on Friday, May 31st. This represents a $0.23 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, May 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 2.60%. Read our dividend analysis for ALTG. Who are Alta Equipment Group's major shareholders? Alta Equipment Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.81%), Foundry Partners LLC (0.90%), Ancora Advisors LLC (0.80%), Register Financial Advisors LLC (0.71%), Russell Investments Group Ltd. (0.58%) and Essex Investment Management Co. LLC (0.51%). Insiders that own company stock include Andrew P Studdert, Anthony Colucci, B Riley Financial, Inc, Craig Brubaker, Daniel Shribman, Jeffrey Alan Hoover, 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 6/16/2024 by MarketBeat.com Staff From Our PartnersGold Set to EXPLODE!The perfect storm is brewing to drive gold's price through the roof! 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