Brokers Set Expectations for ALTG Q2 Earnings

Alta Equipment Group Inc. (NYSE:ALTG) – Equities research analysts at B. Riley issued their Q2 2025 earnings estimates for Alta Equipment Group in a research note issued to investors on Wednesday, March 26th. B. Riley analyst L. Burke expects that the company will post earnings of ($0.30) per share for the quarter. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Alta Equipment Group’s current full-year earnings is ($1.92) per share. B. Riley also issued estimates for Alta Equipment Group’s Q3 2025 earnings at ($0.30) EPS.

Separately, Raymond James dropped their price objective on Alta Equipment Group from $9.00 to $8.50 and set a “market perform” rating on the stock in a report on Monday, March 10th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.63.

Alta Equipment Group Price Performance

Shares of NYSE:ALTG opened at $4.94 on Friday. Alta Equipment Group has a 52 week low of $4.45 and a 52 week high of $13.67. The company has a 50-day moving average price of $6.26 and a 200 day moving average price of $6.64. The company has a market cap of $162.33 million, a P/E ratio of -2.91 and a beta of 1.81. The company has a quick ratio of 0.43, a current ratio of 1.35 and a debt-to-equity ratio of 7.45.

Institutional Trading of Alta Equipment Group

A number of hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD acquired a new position in shares of Alta Equipment Group in the fourth quarter worth about $69,000. Intech Investment Management LLC acquired a new stake in Alta Equipment Group during the fourth quarter valued at approximately $79,000. Wells Fargo & Company MN lifted its stake in Alta Equipment Group by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,533 shares of the company’s stock worth $82,000 after purchasing an additional 4,272 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Alta Equipment Group by 20.8% in the 4th quarter. SG Americas Securities LLC now owns 13,784 shares of the company’s stock worth $90,000 after buying an additional 2,375 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Alta Equipment Group by 49.4% in the fourth quarter. MetLife Investment Management LLC now owns 20,313 shares of the company’s stock valued at $133,000 after acquiring an additional 6,716 shares during the period. Hedge funds and other institutional investors own 73.58% of the company’s stock.

Insider Buying and Selling at Alta Equipment Group

In related news, COO Craig Brubaker sold 5,294 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $5.00, for a total value of $26,470.00. Following the completion of the sale, the chief operating officer now directly owns 98,640 shares in the company, valued at approximately $493,200. This represents a 5.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 19.90% of the stock is currently owned by insiders.

Alta Equipment Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Saturday, February 15th were paid a $0.057 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.23 annualized dividend and a yield of 4.62%. Alta Equipment Group’s payout ratio is currently -11.22%.

About Alta Equipment Group

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.