Stock Ideas
New
Stocks
Funds
Screener
Sectors
Watchlists
ALTG

ALTG - Alta Equipment Group Inc Stock Price, Fair Value and News

8.74USD-0.22 (-2.46%)Delayed as of 13 Jun 2024, 12:55 pm ET

Market Summary

ALTG
USD8.74-0.22
Delayedas of 13 Jun 2024, 12:55 pm
-2.46%

ALTG Alerts

  • 1 major insider buys recently.

ALTG Stock Price

View Fullscreen

ALTG RSI Chart

ALTG Valuation

Market Cap

297.0M

Price/Earnings (Trailing)

33.37

Price/Sales (Trailing)

0.16

EV/EBITDA

-120.8

Price/Free Cashflow

5.09

ALTG Price/Sales (Trailing)

ALTG Profitability

EBT Margin

-0.77%

Return on Equity

6.5%

Return on Assets

0.57%

Free Cashflow Yield

19.63%

ALTG Fundamentals

ALTG Revenue

Revenue (TTM)

1.9B

Rev. Growth (Yr)

4.97%

Rev. Growth (Qtr)

-15.32%

ALTG Earnings

Earnings (TTM)

8.9M

Earnings Growth (Yr)

-1.3K%

Earnings Growth (Qtr)

208.33%

Breaking Down ALTG Revenue

52 Week Range

8.6317.98
(Low)(High)

Last 7 days

12.3%

Last 30 days

4.7%

Last 90 days

-14.7%

Trailing 12 Months

-45.5%

How does ALTG drawdown profile look like?

ALTG Financial Health

Current Ratio

1.3

Debt/Equity

2.28

Debt/Cashflow

0.23

ALTG Investor Care

Dividend Yield

2.54%

Dividend/Share (TTM)

0.23

Shares Dilution (1Y)

2.41%

Diluted EPS (TTM)

-0.21

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20241.9B000
20231.6B1.7B1.8B1.9B
20221.3B1.3B1.5B1.6B
2021961.9M1.1B1.1B1.2B
2020635.6M691.8M762.6M873.6M
2019000557.4M

Tracking the Latest Insider Buys and Sells of Alta Equipment Group Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 07, 2024
hoover jeffrey alan
bought
32,680
8.17
4,000
see remarks
Jun 07, 2024
white katherine e
acquired
-
-
11,608
-
Jun 07, 2024
studdert andrew p
acquired
-
-
11,608
-
Jun 07, 2024
nair sidhartha
acquired
-
-
13,584
-
Jun 07, 2024
shribman daniel
acquired
-
-
11,608
-
Jun 03, 2024
mill road capital iii, l.p.
acquired
49,000
10.00
4,900
-
May 29, 2024
mill road capital iii, l.p.
acquired
77,500
12.5
6,200
-
May 24, 2024
greenawalt ryan
gifted
-
-
-78,002
ceo, chairman
May 24, 2024
greenawalt ryan
sold
-
-
-453,495
ceo, chairman
Mar 19, 2024
colucci anthony
acquired
-
-
43,966
chief financial officer

1–10 of 50

Which funds bought or sold ALTG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 16, 2024
B. Riley Wealth Advisors, Inc.
sold off
-100
-189,582
-
-%
May 16, 2024
Ancora Advisors LLC
added
64.06
1,422,400
3,404,800
0.08%
May 16, 2024
SkyView Investment Advisors, LLC
new
-
514,000
514,000
0.10%
May 16, 2024
JANE STREET GROUP, LLC
added
371
882,263
1,106,370
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-6.47
-5,445
255,970
-%
May 15, 2024
Squarepoint Ops LLC
reduced
-75.45
-666,488
230,523
-%
May 15, 2024
TWO SIGMA INVESTMENTS, LP
added
43.32
460,441
1,380,510
-%
May 15, 2024
DEUTSCHE BANK AG\
added
11.02
21,421
153,483
-%
May 15, 2024
SHERBROOKE PARK ADVISERS LLC
new
-
644,560
644,560
0.12%
May 15, 2024
Caption Management, LLC
new
-
994,547
994,547
0.01%

1–10 of 48

Are Funds Buying or Selling ALTG?

Are funds buying ALTG calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own ALTG
No. of Funds

Unveiling Alta Equipment Group Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jun 03, 2024
snowbird capital llc
6.2%
2,056,495
SC 13G
Jun 03, 2024
greenawalt ryan
16.9%
5,611,750
SC 13D/A
May 14, 2024
mill road capital iii, l.p.
9.8%
3,248,394
SC 13D/A
Apr 11, 2024
mill road capital iii, l.p.
9.3%
3,058,865
SC 13D/A
Feb 13, 2024
voss capital, llc
2.9%
925,000
SC 13G/A
Feb 13, 2024
voss capital, llc
2.9%
925,000
SC 13G/A
Feb 09, 2024
mill road capital iii, l.p.
9.4%
3,051,865
SC 13D/A
Feb 09, 2024
b. riley financial, inc.
0.0%
0
SC 13D/A
Jan 25, 2024
blackrock inc.
9.3%
3,015,749
SC 13G
Jan 23, 2024
mill road capital iii, l.p.
8.4%
2,733,865
SC 13D/A

Recent SEC filings of Alta Equipment Group Inc

View All Filings
Date Filed Form Type Document
Jun 10, 2024
4
Insider Trading
Jun 10, 2024
4
Insider Trading
Jun 10, 2024
4
Insider Trading
Jun 10, 2024
4
Insider Trading
Jun 10, 2024
4
Insider Trading
Jun 10, 2024
8-K
Current Report
Jun 06, 2024
8-K
Current Report
Jun 05, 2024
4
Insider Trading
Jun 03, 2024
SC 13D/A
13D - Major Acquisition
Jun 03, 2024
SC 13G
Major Ownership Report

Peers (Alternatives to Alta Equipment Group Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
100.7B
18.9B
-0.67% 11.63%
27.23
5.33
7.08% 13.46%
70.3B
9.4B
0.34% 43.29%
46.73
7.47
9.34% 15.98%
51.8B
4.2B
-1.30% 24.23%
37.35
12.45
10.92% 20.33%
30.1B
5.4B
-0.41% 4.70%
54
5.63
5.76% -4.95%
19.6B
10.7B
0.07% 43.58%
32.44
1.84
15.15% 122.86%
10.5B
3.6B
-4.55% 2.28%
19.4
2.9
4.33% 10.69%
MID-CAP
6.7B
6.2B
-10.55% -15.00%
18.94
1.09
-13.83% -42.32%
5.4B
2.6B
25.56% 27.90%
-277.78
2.05
-3.11% -123.81%
5.1B
2.7B
-5.63% 9.21%
8.65
1.89
15.08% 18.59%
3.2B
8.2B
11.87% 17.30%
12.9
0.39
3.28% 27.24%
2.0B
2.7B
3.53% 95.20%
19.58
0.73
104.63% 188.16%
SMALL-CAP
297.0M
1.9B
4.67% -45.47%
33.37
0.16
15.20% -4.30%
116.6M
283.1M
-2.54% -10.03%
13.33
0.41
-0.83% -20.92%
45.3M
212.0K
-16.67% -65.52%
-1.81
213.63
-40.62% -60.52%
9.2M
81.0M
0.86% 3.98%
-8.27
0.11
-5.10% -9.75%

Alta Equipment Group Inc News

Latest updates
MarketBeat2 hours ago
Yahoo Finance03 Jun 202407:00 am
GlobeNewswire02 May 202407:00 am

Alta Equipment Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q32022Q22022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q3
Revenue-15.3%441,600521,500466,200468,400420,700428,600405,000405,750406,500369,100331,700356,300295,000292,700268,800280,400220,600192,100180,500169,400149,800
Gross Profit-9.3%120,600133,000126,100126,800121,300110,800111,600-105,800-91,40089,10081,10076,90067,30064,40056,70046,30047,10041,80044,200
Operating Expenses0.6%121,500120,800112,200110,600109,200101,30097,900-92,800-86,80080,80075,10073,70066,80064,90060,20045,40052,10043,00038,000
  S&GA Expenses0.3%114,600114,300106,800105,200104,00096,40094,200-88,800-82,90077,60072,40071,10064,80062,80058,40043,70051,10042,00037,500
EBITDA Margin-145.4%0.00*0.01*0.02*0.02*0.02*0.02*0.02*0.02*0.02*0.00*0.00*0.00*-0.01*-0.02*-------
Interest Expenses7.7%2,8002,6002,4001,9001,5001,100800-500-30030040050050065050030070018,100900
Income Taxes-940.0%-4,200500-7,300300100500300-500--3,100--500-3,200-1,900-400-1,100--
Earnings Before Taxes-1050.0%-16,100-1,4001002,7001,100-2005,400-6,600--1,2002,600100-14,700-5,200-6,400-1,600-4,500-18,100-5,800-27,400
EBT Margin-681.5%-0.01*0.00*0.00*0.01*0.01*0.01*0.01*0.01*0.01*-0.01*-0.01*-0.01*-0.02*-0.03*-------
Net Income-Infinity%-11,900-7,4002,4001,000-5,100-6,100--1,200-500100-14,700-5,700-3,200300-4,100-17,000-5,800-27,400
Net Income Margin-1.1%0.00*0.00*0.01*0.01*0.01*0.01*0.01*0.00*0.00*-0.01*-0.01*-0.02*-0.02*-0.02*-------
Free Cashflow-120.5%-16,30079,40011,900-16,700-23,2001,80012,2007,7007,700-8,500-8,50023,500-7,8007,800-------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-0.5%1,5631,5711,4801,4801,3771,2911,1431,0711,031983787783745746700664675454147146-
  Current Assets-1.9%8228387847607306635825395054493964033813823573433792441.001.000.00
    Cash Equivalents-81.9%6.0031.001.002.002.003.002.001.002.002.001.002.001.001.000.006.0036.004.001.001.000.00
  Inventory4.3%554531493498469400339297291239205225223229221207209137---
  Net PPE2.6%477465448426399378367347337345338327311312294280261197---
  Goodwill-0.9%76.0077.0071.0070.0071.0069.0054.0044.0044.0042.000.0024.0021.0024.0023.003.0030.00----
Liabilities0.4%1,4261,4211,3331,2891,2391,1511,0029328988486526475945895855505464773181590.00
  Current Liabilities-0.6%631635570541526471415507471322325320440434411375383343---
  Long Term Debt0.1%31331231231231131131131031031031030913413513613813487.00---
    LT Debt, Current10.4%9.008.007.006.005.004.004.003.003.003.001.00-8.009.008.008.008.007.00---
    LT Debt, Non Current0.1%31331231231231131131131031031031030913413513613813487.00---
Shareholder's Equity-8.6%1371501481411381401411391331351361361521571151141295.005.0010.0010.00
  Retained Earnings-19.1%-91.00-76.40-71.80-76.50-76.40-74.20-70.80-73.40-78.80-76.80-75.30-74.80-59.10-53.40-63.00-63.30-47.10-23.201.001.00-0.01
  Additional Paid-In Capital0.9%23623422722522422321921921821721721721721618418017976.004.004.00-
Shares Outstanding1.3%33.0032.0032.0032.0032.0032.0032.0032.0032.0032.0031.0032.00---------
Float----326---179---265---128---140-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-114.3%-11,90083,20014,400-13,700-20,1007,70014,90010,100-6,70024,600-4,1009,6006009,8009,3003,000-57,100-1,5003,700-11,1003,400
  Share Based Compensation30.0%1,3001,0001,4001,1008008008008003003004002003004003,200-3,100----
Cashflow From Investing70.9%-18,100-62,200-20,000-21,700-18,900-76,900-48,300-18,800-18,600-71,500-13,100-19,000-9,800-61,600-42,900-5,100-118,300-2,200-4,700-74,000-6,900
Cashflow From Financing-49.5%4,6009,1004,10036,20037,90069,60035,1007,60024,60048,00016,60010,6008,60052,90027,300-27,900211,8001,6003,10084,5002,600
  Dividend Payments0%800800700700800800700700800------------
  Buy Backs---------------3,000-2,900----
Get Full Access to Grufity – and Unlimited Downloads
Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.
Try For Just $1.99

ALTG Income Statement

2024-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:  
Total revenues$ 441.6$ 420.7
Cost of revenues:  
Total cost of revenues321.0299.4
Gross profit120.6121.3
General and administrative expenses114.6104.0
Non-rental depreciation and amortization6.95.2
Total operating expenses121.5109.2
(Loss) income from operations(0.9)12.1
Other (expense) income  
Interest expense, floor plan payable – new equipment(2.8)(1.5)
Interest expense – other(13.3)(10.5)
Other income0.91.0
Total other expense, net(15.2)(11.0)
(Loss) income before taxes(16.1)1.1
Income tax (benefit) provision(4.2)0.1
Net (loss) income(11.9)1.0
Preferred stock dividends(0.8)(0.8)
Net (loss) income available to common stockholders$ (12.7)$ 0.2
Basic (loss) income per share$ (0.38)$ 0.01
Diluted (loss) income per share$ (0.38)$ 0.01
Basic weighted average common shares outstanding33,108,69532,223,221
Diluted weighted average common shares outstanding33,108,69532,430,715
New and Used Equipment Sales  
Revenues:  
Total revenues$ 228.6$ 219.6
Cost of revenues:  
Total cost of revenues192.4179.0
Parts Sales  
Revenues:  
Total revenues72.968.4
Cost of revenues:  
Total cost of revenues48.345.4
Service Revenues  
Revenues:  
Total revenues64.060.2
Cost of revenues:  
Total cost of revenues27.025.1
Rental Revenues  
Revenues:  
Total revenues48.543.5
Cost of revenues:  
Total cost of revenues6.76.1
Rental Equipment Sales  
Revenues:  
Total revenues27.629.0
Cost of revenues:  
Total cost of revenues19.520.9
Rental Depreciation  
Cost of revenues:  
Total cost of revenues$ 27.1$ 22.9

ALTG Balance Sheet

2024-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS  
Cash$ 5.6$ 31.0
Accounts receivable, net of allowances of $13.3 and $12.4 as of March 31, 2024 and December 31, 2023, respectively239.4249.3
Inventories, net553.7530.7
Prepaid expenses and other current assets23.627.0
Total current assets822.3838.0
NON-CURRENT ASSETS  
Property and equipment, net477.0464.8
Operating lease right-of-use assets, net110.1110.9
Goodwill76.076.7
Other intangible assets, net63.966.3
Other assets14.014.2
TOTAL ASSETS1,563.31,570.9
LIABILITIES AND STOCKHOLDERS’ EQUITY  
Current portion of long-term debt8.57.7
Accounts payable98.697.0
Customer deposits16.217.4
Accrued expenses52.059.7
Current operating lease liabilities15.615.9
Current deferred revenue14.316.2
Other current liabilities26.723.9
Total current liabilities631.1635.1
NON-CURRENT LIABILITIES  
Lines of credit, net328.6315.9
Long-term debt, net of current portion312.6312.3
Finance lease obligations, net of current portion33.231.1
Deferred revenue, net of current portion4.04.2
Long-term operating lease liabilities, net of current portion99.399.6
Deferred tax liabilities7.67.7
Other liabilities10.015.3
TOTAL LIABILITIES1,426.41,421.2
CONTINGENCIES - NOTE 11
STOCKHOLDERS’ EQUITY  
Preferred stock, $0.0001 par value per share, 1,000,000 shares authorized, 1,200 shares issued and outstanding at both March 31, 2024 and December 31, 2023 (1,200,000 Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock)
Common stock, $0.0001 par value per share, 200,000,000 shares authorized; 32,805,359 and 32,369,820 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively
Additional paid-in capital236.0233.8
Treasury stock at cost, 862,182 shares of common stock held at both March 31, 2024 and December 31, 2023(5.9)(5.9)
Accumulated deficit(91.0)(76.4)
Accumulated other comprehensive loss(2.2)(1.8)
TOTAL STOCKHOLDERS’ EQUITY136.9149.7
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY1,563.31,570.9
New Equipment  
LIABILITIES AND STOCKHOLDERS’ EQUITY  
Floor plan payable300.8297.8
Used and Rental Equipment  
LIABILITIES AND STOCKHOLDERS’ EQUITY  
Floor plan payable$ 98.4$ 99.5
ALTG
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. It operates in two segments, Material Handling and Construction Equipment. 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 aerial work platforms, earthmoving equipment, environmental processing equipment, and other material handling and construction equipment. It also offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; and provides automated equipment installation and system integration solutions. It serves diversified manufacturing, food and beverage, wholesale/retail, construction, automotive, municipal/government, and medical sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.
 CEO
 WEBSITEaltaequipment.com
 INDUSTRYInformation Technology Services
 EMPLOYEES2800

Alta Equipment Group Inc Frequently Asked Questions


What is the ticker symbol for Alta Equipment Group Inc? What does ALTG stand for in stocks?

ALTG is the stock ticker symbol of Alta Equipment Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Alta Equipment Group Inc (ALTG)?

As of Wed Jun 12 2024, market cap of Alta Equipment Group Inc is 297 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ALTG stock?

You can check ALTG's fair value in chart for subscribers.

What is the fair value of ALTG stock?

You can check ALTG's fair value in chart for subscribers. The fair value of Alta Equipment Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Alta Equipment Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ALTG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Alta Equipment Group Inc a good stock to buy?

The fair value guage provides a quick view whether ALTG is over valued or under valued. Whether Alta Equipment Group Inc is cheap or expensive depends on the assumptions which impact Alta Equipment Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ALTG.

What is Alta Equipment Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Jun 12 2024, ALTG's PE ratio (Price to Earnings) is 33.37 and Price to Sales (PS) ratio is 0.16. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ALTG PE ratio will change depending on the future growth rate expectations of investors.