Brokers Offer Predictions for ALTG Q1 Earnings

Alta Equipment Group Inc. (NYSE:ALTG) – Analysts at B. Riley issued their Q1 2025 EPS estimates for shares of 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 ($0.58) per share for the quarter. B. Riley 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 Q4 2025 earnings at ($0.24) EPS, FY2025 earnings at ($1.42) EPS and FY2026 earnings at ($1.07) EPS.

Separately, Raymond James decreased their target price on Alta Equipment Group from $9.00 to $8.50 and set a “market perform” rating for the company in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.63.

Alta Equipment Group Trading Down 2.6 %

Shares of NYSE:ALTG opened at $4.57 on Monday. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.43 and a current ratio of 1.35. The stock’s 50-day moving average is $6.09 and its 200-day moving average is $6.62. The company has a market cap of $150.04 million, a P/E ratio of -2.69 and a beta of 1.81. Alta Equipment Group has a 52-week low of $4.35 and a 52-week high of $13.67.

Institutional Trading of Alta Equipment Group

Hedge funds have recently modified their holdings of the company. Portolan Capital Management LLC bought a new stake in shares of Alta Equipment Group during the fourth quarter valued at approximately $5,561,000. Mill Road Capital Management LLC boosted its stake in 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 buying an additional 650,214 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in Alta Equipment Group in the 4th quarter valued at $2,589,000. Paloma Partners Management Co bought a new stake in Alta Equipment Group in the 3rd quarter valued at $2,646,000. Finally, CastleKnight Management LP raised its stake in shares of Alta Equipment Group by 70.2% in the 4th quarter. CastleKnight Management LP now owns 540,986 shares of the company’s stock valued at $3,538,000 after buying an additional 223,072 shares in the last quarter. Institutional investors own 73.58% of the company’s stock.

Insider Activity

In related news, COO Craig Brubaker sold 5,294 shares of Alta Equipment Group 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 directly owns 98,640 shares of the company’s stock, valued at $493,200. This trade represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 19.90% of the stock is owned by company insiders.

Alta Equipment Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Saturday, February 15th were issued a dividend of $0.057 per share. The ex-dividend date was Friday, February 14th. This represents a $0.23 annualized dividend and a dividend yield of 4.99%. Alta Equipment Group’s payout ratio is -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.