B. Riley Upgrades Alta Equipment Group to Strong-Buy Rating

On March 29th, 2025, B. Riley issued a strong-buy rating for shares of Alta Equipment Group (NYSE:ALTG), according to a research report released earlier that day. Additionally, B. Riley provided forecasts for Alta Equipment Group’s earnings, predicting losses of $0.30 per share for both Q2 2025 and Q3 2025.

In another update, Raymond James recently lowered its price target for Alta Equipment Group from $9.00 to $8.50 and designated the stock as a "market perform" on March 10th. Currently, three investment analysts have rated the company with a hold rating, one has rated it a buy, and another has given it a strong buy rating. As per MarketBeat.com, Alta Equipment Group has a consensus rating of "Moderate Buy" and an average price target of $12.63.

Performance Overview of Alta Equipment Group

As of Wednesday, shares of NYSE:ALTG opened at $4.60. The company holds a quick ratio of 0.43, a current ratio of 1.35, and a high debt-to-equity ratio of 7.45. Over the past year, the stock reached a low of $4.45 and a high of $13.67. Its 50-day moving average price stands at $6.20, while the 200-day moving average price is at $6.63. With a market capitalization of approximately $150.99 million, the stock shows a P/E ratio of -2.70 and a beta of 1.81.

Dividend Announcement by Alta Equipment Group

Furthermore, Alta Equipment Group has announced a dividend payout. The company declared a quarterly dividend of $0.057 per share, which was distributed on February 28th, 2025. Shareholders on record as of February 15th received this dividend, which averages to an annual yield of 4.96%. The ex-dividend date was noted as February 14th. Currently, the company’s dividend payout ratio is reported at -11.22%.

Insider Transactions

In related news, COO Craig Brubaker executed a sale of 5,294 shares of Alta Equipment Group on March 5th. This sale occurred at an average share price of $5.00, generating a total of $26,470. Following the transaction, Brubaker retains 98,640 shares in the company which are valued at around $493,200. This transaction represents a 5.09% decrease in the COO’s holdings. There is currently 19.90% of company shares held by insiders.

Institutional Investor Activity with Alta Equipment Group

Several institutional investors have made adjustments to their holdings in ALTG. Mill Road Capital Management LLC increased its stake by 1.3% in the fourth quarter, now owning 4,269,508 shares valued at $27,923,000 following the acquisition of 56,300 additional shares. Portolan Capital Management LLC entered the scene with a new stake valued at approximately $5,561,000. Additionally, Dimensional Fund Advisors LP boosted its holdings by 3.2%, now owning 608,406 shares worth $3,979,000 after buying an extra 18,926 shares. Geode Capital Management LLC and CastleKnight Management LP also expanded their positions in Alta Equipment Group during the fourth quarter. Currently, institutional investors and hedge funds own about 73.58% of the company’s total stock.

About Alta Equipment Group

Alta Equipment Group Inc operates as an integrated equipment dealership platform in the United States, divided into three segments: Material Handling, Construction Equipment, and Master Distribution. The company runs a branch network that sells, rents, and offers parts and service for various types of specialized equipment, including lift trucks, heavy construction equipment, and environmental processing machinery.

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