Alta Equipment Group (NYSE:ALTG) Now Covered by Analysts at B. Riley

B. Riley began coverage on shares of Alta Equipment Group (NYSE:ALTG) in a research report sent to investors on Thursday morning. The firm issued a buy rating and a $10.00 target price 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 target price on shares of Alta Equipment Group from $9.00 to $8.50 and set a “market perform” rating for the company in a report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.63.

Alta Equipment Group Price Performance

Alta Equipment Group stock opened at $4.60 on Thursday. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.43 and a current ratio of 1.35. Alta Equipment Group has a 52 week low of $4.45 and a 52 week high of $13.67. The stock has a market capitalization of $150.99 million, a P/E ratio of -2.70 and a beta of 1.81. The stock has a fifty day moving average of $6.20 and a 200-day moving average of $6.64.

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 issued a $0.057 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.23 dividend on an annualized basis and a yield of 4.96%. Alta Equipment Group’s payout ratio is presently -11.22%.

Insider Buying and Selling at Alta Equipment Group

In other Alta Equipment Group news, COO Craig Brubaker sold 5,294 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 19.90% of the company’s stock.

Institutional Trading of Alta Equipment Group

Institutional investors have recently modified their holdings of the business. Portolan Capital Management LLC bought a new position in Alta Equipment Group during the 4th quarter worth $5,561,000. Mill Road Capital Management LLC raised its position in shares of Alta Equipment Group by 18.2% during the third quarter. Mill Road Capital Management LLC now owns 4,213,208 shares of the company’s stock worth $28,397,000 after acquiring an additional 650,214 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Alta Equipment Group in the fourth quarter worth approximately $2,589,000. Paloma Partners Management Co bought a new stake in Alta Equipment Group in the third quarter valued at approximately $2,646,000. Finally, CastleKnight Management LP increased its position in Alta Equipment Group by 70.2% during the 4th quarter. CastleKnight Management LP now owns 540,986 shares of the company’s stock valued at $3,538,000 after purchasing an additional 223,072 shares during the period. 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.