Alta Equipment Group (NYSE:ALTG) Research Coverage Started at B. Riley

B. Riley began coverage on shares of Alta Equipment Group (NYSE:ALTG) in a research report released on Thursday morning. The firm issued a buy rating and a $10.00 price target on the stock. B. Riley also issued estimates for Alta Equipment Group’s Q2 2025 earnings at ($0.30) EPS and 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 research note on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.63.

Alta Equipment Group Price Performance

Shares of ALTG opened at $4.60 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.43 and a debt-to-equity ratio of 7.45. The company’s fifty day simple moving average is $6.20 and its 200 day simple moving average is $6.64. Alta Equipment Group has a 1-year low of $4.45 and a 1-year high of $13.67. The company has a market cap of $150.99 million, a price-to-earnings ratio of -2.70 and a beta of 1.81.

Alta Equipment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Saturday, February 15th were given a dividend of $0.057 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.23 annualized dividend and a yield of 4.96%. Alta Equipment Group’s dividend payout ratio (DPR) is presently -11.22%.

Insider Activity

In other news, COO Craig Brubaker sold 5,294 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were 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 owns 98,640 shares of the company’s stock, valued at approximately $493,200. The trade was a 5.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 19.90% of the stock is owned by company insiders.

Institutional Trading of Alta Equipment Group

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

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.