Alta Equipment Group (NYSE:ALTG) Upgraded to “Strong-Buy” at B. Riley

Alta Equipment Group (NYSE:ALTG) was upgraded by equities researchers at B. Riley to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports. 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 cut their price target 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 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.63.

Alta Equipment Group Stock Performance

Shares of ALTG opened at $4.94 on Wednesday. The stock’s 50-day simple moving average is $6.26 and its 200 day simple moving average is $6.64. The stock has a market capitalization of $162.33 million, a price-to-earnings ratio of -2.91 and a beta of 1.81. Alta Equipment Group has a 52-week low of $4.45 and a 52-week high of $13.67. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.43 and a current ratio of 1.35.

Insider Buying and Selling at Alta Equipment Group

In other Alta Equipment Group news, COO Craig Brubaker sold 5,294 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $5.00, for a total transaction of $26,470.00. Following the sale, the chief operating officer now owns 98,640 shares in the company, valued at $493,200. This trade represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Alta Equipment Group

Several institutional investors have recently modified their holdings of ALTG. Price T Rowe Associates Inc. MD bought a new stake in Alta Equipment Group in the 4th quarter worth approximately $69,000. Intech Investment Management LLC purchased a new position in shares of Alta Equipment Group during the fourth quarter worth approximately $79,000. Wells Fargo & Company MN lifted its holdings in shares of Alta Equipment Group by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 12,533 shares of the company’s stock worth $82,000 after acquiring an additional 4,272 shares during the last quarter. SG Americas Securities LLC boosted its stake 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 valued at $90,000 after purchasing an additional 2,375 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Alta Equipment Group by 49.4% in the 4th quarter. MetLife Investment Management LLC now owns 20,313 shares of the company’s stock valued at $133,000 after purchasing an additional 6,716 shares in the last quarter. 73.58% of the stock is currently owned by institutional investors.

Alta Equipment Group Company Profile

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.