Alta Equipment Group (ALTG) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alta Equipment Group in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALTG shares.
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1 equities research analysts have issued 1-year target prices for Alta Equipment Group's shares. Their ALTG share price targets range from $19.50 to $25.00. On average, they expect the company's share price to reach $22.25 in the next twelve months. This suggests a possible upside of 90.0% from the stock's current price.
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Alta Equipment Group's stock was trading at $12.37 at the start of the year. Since then, ALTG stock has decreased by 5.3% and is now trading at $11.71.
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Alta Equipment Group saw a increase in short interest in December. As of December 31st, there was short interest totaling 2,160,000 shares, an increase of 20.0% from the December 15th total of 1,800,000 shares. Based on an average trading volume of 286,300 shares, the short-interest ratio is presently 7.5 days. Approximately 9.6% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024.
View our ALTG earnings forecast.

Alta Equipment Group Inc. (NYSE:ALTG) issued its earnings results on Thursday, November, 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.05. The company earned $295 million during the quarter, compared to the consensus estimate of $287.10 million. Alta Equipment Group had a net margin of 0.57% and a trailing twelve-month return on equity of 9.60%. During the same period last year, the firm posted $0.01 earnings per share.

Alta Equipment Group announced a quarterly dividend on Friday, February 2nd. Investors of record on Thursday, February 15th will be paid a dividend of $0.057 per share on Thursday, February 29th. This represents a $0.23 annualized dividend and a yield of 1.95%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for ALTG.

Alta Equipment Group (NYSE:ALTG) pays an annual dividend of $0.23 per share and currently has a dividend yield of 1.95%. The dividend payout ratio is 109.53%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ALTG will have a dividend payout ratio of 143.75% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ALTG.

Alta Equipment Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Voss Capital LLC (10.02%), Wells Fargo & Company MN (2.00%), Dimensional Fund Advisors LP (1.77%), Foundry Partners LLC (0.73%), ABS Direct Equity Fund LLC (0.68%) and Register Financial Advisors LLC (0.58%). Insiders that own company stock include Andrew P Studdert, Anthony Colucci, B Riley Financial, Inc, Daniel Shribman, Ryan Greenawalt and Zachary E Savas.
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Shares of ALTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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