Equity Research Analysis: ALTA EQUIPMENT GROUP INC. (ALTG)
|Blank Capital Research Unit|Spot: $6.91
Price$6.91
Composite Score47.6/100
RatingREDUCE (2★)
Rank#2400 OF 7,333
Market Cap$232M
Intelligence Feed
Quiver QuantitativeJan 5 Negative
Alta Equipment Group Inc. Approves Quarterly Dividend of $0.625 for Series A Preferred Stock
Alta Equipment Group Inc. announced a quarterly dividend of $0.625 per Series A Preferred share, payable on January 30, 2026, to shareholders of record by January 15, 2026. This move signals the company's financial stability and commitment to shareholder value, despite potential concerns about cash flow prioritization over reinvestment. Alta operates a large network of equipment dealerships across North America, offering comprehensive material handling, construction, and environmental processing equipment.
The Manila TimesNov 8 Positive
Alta Equipment Group Announces Third Quarter 2025 Financial Results
Alta Equipment Group Inc. announced its financial results for the third quarter ended September 30, 2025, with total revenues decreasing by $26.2 million year-over-year to $422.6 million. Despite a challenging market, the company's product support business remained strong, and October showed improved sales, particularly in Construction Equipment, driven by the OBBBA and interest rate cuts. Alta Equipment Group updated its full-year 2025 Adjusted EBITDA guidance to between $168.0 million and $172.0 million.
DBusiness MagazineOct 18 Negative
Alta Equipment Group in Livonia Acquires Ohio Equipment Distributor for $51M
Alta Equipment Group Inc. in Livonia has agreed to acquire Ecoverse Industries, an Ohio-based distributor of environmental processing equipment, for $51 million. This acquisition gives Alta exclusive North American distribution rights for several European equipment OEMs and is expected to boost future parts and service growth. Ecoverse will retain its brand, employees, and management team, and the deal is anticipated to close in Q4 2022.
Yahoo FinanceNov 20 Positive
What Catalysts Could Shift the Narrative for Alta Equipment Group Amid Analyst Downgrades?
Alta Equipment Group's stock (ALTG) has faced significant analyst downgrades, with its consensus price target dropping from $11.38 to $9.95 due to mixed market signals, tariff pressures, and a cautious growth outlook. Despite some analysts maintaining a "Buy" rating based on underlying strengths, firms like DA Davidson have become more bearish following a Q3 earnings miss, citing reduced EBITDA outlooks. The evolving narrative for ALTG indicates that future performance will largely depend on improved execution, cost control, and how the company navigates ongoing market challenges and leverages its acquisition strategy.
MarketBeatDec 12 Neutral
Alta Equipment Group (NYSE:ALTG) Director Daniel Shribman Buys 40,000 Shares
Daniel Shribman, a Director at Alta Equipment Group (NYSE:ALTG), recently purchased 40,000 shares of the company's stock for $202,800, increasing his total holdings to 131,393 shares. This insider buying comes amidst mixed signals for ALTG, including a significant earnings miss, high debt-to-equity ratio, and a consensus "Hold" rating from analysts with an $11 target.