NYSE:ALTG Alta Equipment Group (ALTG) Stock Price, News & Analysis $10.85 -0.22 (-1.99%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$10.73▼$11.3850-Day Range$7.77▼$11.0752-Week Range$7.62▼$17.96Volume225,782 shsAverage Volume355,831 shsMarket Capitalization$359.68 millionP/E RatioN/ADividend Yield2.12%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/Downside88.9% Upside$20.50 Price TargetShort InterestBearish10.75% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.28Based on 3 Articles This WeekInsider TradingAcquiring Shares$1.48 M 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.2.66 out of 5 starsIndustrial Products Sector105th out of 172 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 1 research reports in the past 90 days.Read more about Alta Equipment Group's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted10.75% 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 5.4.Change versus previous monthShort interest in Alta Equipment Group has recently increased by 28.65%, indicating that investor sentiment is decreasing significantly. Previous Next 0.8 Dividend Strength Dividend YieldAlta Equipment Group pays a meaningful dividend of 2.18%, 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 1.8 News and Social Media Coverage News SentimentAlta Equipment Group has a news sentiment score of 0.28. 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 lower news sentiment than the 0.49 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Alta Equipment Group this week, compared to 1 article on an average week.Search InterestOnly 2 people have searched for ALTG on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Alta Equipment Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 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 $1,476,963.00 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 -51.67, 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 -51.67, 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 2.35. 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 DarwinTop Stock Unveiled!Ready to discover the standout stock of 2024? We’ve identified a single buy & hold gem that’s poised to redefine your portfolio. Download our exclusive report now and dive into the Insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.Get Your Free Report 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 HeadlinesJuly 13, 2024 | insidertrades.comInsider Buying: Alta Equipment Group Inc. (NYSE:ALTG) Major Shareholder Purchases 179,414 Shares of StockJuly 24 at 7:00 AM | globenewswire.comAlta Equipment Group Announces Date of Second Quarter 2024 Financial Results Release, Conference Call and WebcastJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 3, 2024 | globenewswire.comAlta Equipment Group Announces Preferred Stock DividendMay 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 NotesJuly 26, 2024 | MarketBeat (Ad)We just added a $300 account credit to your MarketBeat subscriptionMarketBeat All Access is our complete suite of portfolio monitoring software, research tools, stock screeners, proprietary reports, and more. Upgrade today and get $300 off your 2024-2025 subscription. Free for 30 days.May 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)?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 Payable5/31/2024Today7/26/2024Next Earnings (Confirmed)8/07/2024Fiscal 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/AEmployees2,000Year 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+90.2%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 / Sales0.19 Cash Flow$4.57 per share Price / Cash Flow2.36 Book Value$4.62 per share Price / Book2.33Miscellaneous Outstanding Shares33,150,000Free Float26,551,000Market Cap$357.36 million OptionableOptionable Beta1.69 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.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 CompetitorsGlobal IndustrialNYSE:GICMRC GlobalNYSE:MRCDXP EnterprisesNASDAQ:DXPEMSC Industrial DirectNYSE:MSMApogee EnterprisesNASDAQ:APOGView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 29,604 shares on 7/26/2024Ownership: 0.716%Assenagon Asset Management S.A.Sold 47,898 shares on 7/18/2024Ownership: 0.035%Quantum Private Wealth LLCBought 19,100 shares on 7/17/2024Ownership: 0.323%Register Financial Advisors LLCBought 103,071 shares on 7/12/2024Ownership: 1.013%Mill Road Capital Iii, L.P.Bought 179,414 shares on 7/10/2024Total: $1.44 M ($8.05/share)View All Insider TransactionsView All Institutional Transactions 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 2024. Since then, ALTG stock has decreased by 12.3% and is now trading at $10.85. 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, May, 8th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by $0.17. The business had revenue of $441.60 million for 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%. Who are Alta Equipment Group's major shareholders? Top institutional investors of Alta Equipment Group include Register Financial Advisors LLC (1.01%), Bank of New York Mellon Corp (0.72%), Quantum Private Wealth LLC (0.32%) and Harbor Capital Advisors Inc. (0.05%). 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. This page (NYSE:ALTG) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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