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NYSE:ALTG

Alta Equipment Group (ALTG) Stock Price, News & Analysis

$11.48
-0.23 (-1.96%)
(As of 02/29/2024 ET)
Today's Range
$11.29
$12.01
50-Day Range
$10.63
$12.79
52-Week Range
$8.76
$20.60
Volume
291,292 shs
Average Volume
325,722 shs
Market Capitalization
$371.61 million
P/E Ratio
54.67
Dividend Yield
2.00%
Price Target
$22.25

Alta Equipment Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
93.8% Upside
$22.25 Price Target
Short Interest
Bearish
9.32% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.46mentions of Alta Equipment Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$30.33 M Sold Last Quarter
Proj. Earnings Growth
-23.81%
From $0.21 to $0.16 Per Share

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.

3.18 out of 5 stars

Industrial Products Sector

92nd out of 176 stocks

Industrial Machinery & Equipment Industry

3rd out of 5 stocks


ALTG stock logo

About Alta Equipment Group Stock (NYSE:ALTG)

Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates in two segments, Material Handling and Construction Equipment. 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 aerial work platforms, earthmoving equipment, environmental processing equipment, and other material handling and construction equipment. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; and provides automated equipment installation and system integration solutions. It serves diversified manufacturing, food and beverage, wholesale/retail, construction, automotive, municipal/government, and medical sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.

ALTG Stock Price History

ALTG Stock News Headlines

Alta Equipment Group Appoints Sidhartha Nair as Director
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
ALTG Mar 2024 10.000 call
Alta Equipment Group Inc. Cl A
Alta Equipment Group: Dividend Insights
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Alta Equipment Group Inc. (ALTG-PA)
16 Most Promising Long-Term Stocks According to Analysts
Alta Equipment declares $0.057 dividend
Alta Equipment To Acquire Burris Equipment For $14.0 Million In Cash
See More Headlines
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Company Calendar

Last Earnings
11/11/2021
Ex-Dividend for 1/31 Dividend
1/11/2024
Dividend Payable
1/31/2024
Ex-Dividend for 2/29 Dividend
2/14/2024
Today
2/29/2024
Dividend Payable
2/29/2024
Next Earnings (Estimated)
3/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Industrial machinery & equipment
Sub-Industry
N/A
Fax
N/A
Employees
2,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$22.25
High Stock Price Target
$25.00
Low Stock Price Target
$19.50
Potential Upside/Downside
+93.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$9.30 million
Pretax Margin
0.21%

Debt

Sales & Book Value

Annual Sales
$1.57 billion
Cash Flow
$3.75 per share
Book Value
$4.34 per share

Miscellaneous

Free Float
25,603,000
Market Cap
$371.61 million
Optionable
Optionable
Beta
1.64
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Key Executives

  • Mr. Ryan Greenawalt (Age 50)
    CEO & Chairman
    Comp: $1.75M
  • Mr. Anthony J. ColucciMr. Anthony J. Colucci (Age 45)
    Chief Financial Officer
    Comp: $946.91k
  • Mr. Craig Brubaker (Age 53)
    Chief Operating Officer
    Comp: $620.35k
  • Mr. Jeff Hoover
    Chief Legal Officer & General Counsel
  • Paul Ivankovics
    Vice President of Human Resources
  • Mr. Robert T. Chiles
    President of Construction Equipment Division
  • Mr. Bob Kohler
    President of Industrial Group
  • Mr. Alan Hammersley
    President & CEO of NITCO
  • Mr. Andrew Rundle
    Director of Finance
  • Jason Dammeyer
    Director of SEC Reporting & Technical Accounting














ALTG Stock Analysis - Frequently Asked Questions

Should I buy or sell Alta Equipment Group stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alta Equipment Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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?

1 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 $25.00. On average, they anticipate the company's stock price to reach $22.25 in the next twelve months. This suggests a possible upside of 93.8% 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 at the start of the year. Since then, ALTG shares have decreased by 7.2% and is now trading at $11.48.
View the best growth stocks for 2024 here
.

When is Alta Equipment Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024.
View our ALTG earnings forecast
.

How were Alta Equipment Group's earnings last quarter?

Alta Equipment Group Inc. (NYSE:ALTG) issued its quarterly earnings data on Thursday, November, 11th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.03 by $0.05. The firm earned $295 million during the quarter, compared to analysts' expectations of $287.10 million. Alta Equipment Group had a trailing twelve-month return on equity of 9.60% and a net margin of 0.57%. During the same quarter last year, the firm earned $0.01 earnings per share.

How often does Alta Equipment Group pay dividends? What is the dividend yield for Alta Equipment Group?

Alta Equipment Group declared a quarterly dividend on Friday, February 2nd. Shareholders of record on Thursday, February 15th will be given a dividend of $0.057 per share on Thursday, February 29th. This represents a $0.23 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend 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 $0.23 per share and currently has a dividend yield of 1.95%. The dividend payout ratio is 109.53%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ALTG will have a dividend payout ratio of 143.75% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ALTG.

Who are Alta Equipment Group's major shareholders?

Alta Equipment Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Voss Capital LLC (10.02%), Mill Road Capital Management LLC (7.29%), Vanguard Group Inc. (3.83%), Granahan Investment Management LLC (3.18%), Wells Fargo & Company MN (2.00%) and Dimensional Fund Advisors LP (1.77%). Insiders that own company stock include Andrew P Studdert, Anthony Colucci, B Riley Financial, Inc, Daniel Shribman, Ryan Greenawalt 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 2/29/2024 by MarketBeat.com Staff