Alta Equipment Group (NYSE:ALTG) Upgraded by B. Riley to Strong-Buy Rating

B. Riley upgraded shares of Alta Equipment Group (NYSE:ALTG) to a strong-buy rating in a report published 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 dropped their price objective on 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 research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Alta Equipment Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.63.

Alta Equipment Group Price Performance

ALTG stock opened at $4.94 on Wednesday. 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 firm’s 50-day moving average price is $6.26 and its two-hundred day moving average price 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 12-month low of $4.45 and a 12-month high of $13.67.

Alta Equipment Group Announces Dividend

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 dividend of $0.057 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 4.62%. Alta Equipment Group’s dividend payout ratio (DPR) is -11.22%.

Insider Transactions at Alta Equipment Group

In related news, COO Craig Brubaker sold 5,294 shares of the 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 transaction, the chief operating officer now directly owns 98,640 shares in the company, valued at $493,200. This trade represents a 5.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 19.90% of the company’s stock.

Institutional Investors Weigh In On Alta Equipment Group

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

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.