Equities Analysts Issue Forecasts for ALTG Q2 Earnings

Alta Equipment Group Inc. (NYSE:ALTG) – Investment analysts at B. Riley issued their Q2 2025 EPS estimates for shares of Alta Equipment Group in a research report issued to clients and investors on Wednesday, March 26th. B. Riley analyst L. Burke forecasts that the company will earn ($0.30) per share for the quarter. B. Riley currently 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 Q3 2025 earnings at ($0.30) EPS.

Separately, Raymond James reduced 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 research report on Monday, March 10th. Three research 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.63.

Alta Equipment Group Stock Down 7.0 %

ALTG stock opened at $4.60 on Friday. 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 50-day moving average price is $6.20 and its 200 day moving average price is $6.63. Alta Equipment Group has a 52 week low of $4.45 and a 52 week high of $13.67. The company has a market cap of $150.99 million, a P/E ratio of -2.70 and a beta of 1.81.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ALTG. Mill Road Capital Management LLC grew its holdings in Alta Equipment Group by 18.2% during the 3rd quarter. Mill Road Capital Management LLC now owns 4,213,208 shares of the company’s stock valued at $28,397,000 after buying an additional 650,214 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Alta Equipment Group by 20.8% during the fourth 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 last quarter. JPMorgan Chase & Co. boosted its stake in shares of Alta Equipment Group by 167.8% during the third quarter. JPMorgan Chase & Co. now owns 51,418 shares of the company’s stock valued at $347,000 after acquiring an additional 32,218 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Alta Equipment Group during the 3rd quarter worth about $2,646,000. Finally, Barclays PLC raised its stake in Alta Equipment Group by 302.8% in the 3rd quarter. Barclays PLC now owns 38,327 shares of the company’s stock valued at $258,000 after purchasing an additional 28,812 shares during the last quarter. 73.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alta Equipment Group

In other news, COO Craig Brubaker sold 5,294 shares of the 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 sale, the chief operating officer now directly owns 98,640 shares in the company, valued at $493,200. This represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 19.90% of the stock is currently owned by insiders.

Alta Equipment Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Saturday, February 15th were paid a $0.057 dividend. The ex-dividend date 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 -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.