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ALTG

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

11.91USD+0.29 (+2.50%)Market Closed
Watchlist

Market Summary

USD11.91+0.29
Market Closed
2.50%

ALTG Alerts

  • 1 major insider sales recently.

ALTG Stock Price

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ALTG RSI Chart

ALTG Valuation

Market Cap

376.1M

Price/Earnings (Trailing)

38.01

Price/Sales (Trailing)

0.21

EV/EBITDA

64.78

Price/Free Cashflow

-14.36

ALTG Price/Sales (Trailing)

ALTG Profitability

EBT Margin

0.21%

Return on Equity

6.31%

Return on Assets

0.63%

Free Cashflow Yield

-6.97%

ALTG Fundamentals

ALTG Revenue

Revenue (TTM)

1.8B

Rev. Growth (Yr)

15.11%

Rev. Growth (Qtr)

-0.47%

ALTG Earnings

Earnings Growth (Yr)

45.1%

Earnings Growth (Qtr)

208.33%

Breaking Down ALTG Revenue

Last 7 days

4.2%

Last 30 days

9.0%

Last 90 days

22%

Trailing 12 Months

-29.0%

How does ALTG drawdown profile look like?

ALTG Financial Health

Current Ratio

1.38

Debt/Equity

2.12

Debt/Cashflow

-0.04

ALTG Investor Care

Dividend Yield

0.52%

Dividend/Share (TTM)

0.06

Shares Dilution (1Y)

0.54%

Diluted EPS (TTM)

0.22

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.6B1.7B1.8B0
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
Feb 08, 2024
b. riley financial, inc.
sold
-9,377,000
11.00
-852,455
-
Feb 07, 2024
b. riley financial, inc.
sold
-3,384,470
11.00
-307,679
-
Feb 07, 2024
b. riley financial, inc.
sold
-26,945,900
11.00
-2,449,630
-
Nov 27, 2023
savas zachary e.
bought
48,705
9.741
5,000
-
Nov 16, 2023
greenawalt ryan
bought
14,769
10.6334
1,389
chief executive officer, chair
Nov 15, 2023
greenawalt ryan
bought
95,166
11.0517
8,611
chief executive officer, chair
Nov 15, 2023
greenawalt ryan
gifted
-
-
-20,000
chief executive officer, chair
Aug 21, 2023
studdert andrew p
bought
69,406
13.8812
5,000
-
Aug 15, 2023
savas zachary e.
bought
70,891
14.1782
5,000
-
Aug 14, 2023
greenawalt ryan
bought
143,737
14.3737
10,000
see remarks

1–10 of 50

Which funds bought or sold ALTG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Feb 22, 2024
SIERRA SUMMIT ADVISORS LLC
new
-
338,852
338,852
0.10%
Feb 20, 2024
Quarry LP
new
-
2,202
2,202
-%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
reduced
-58.47
-670,000
497,000
0.04%
Feb 16, 2024
Spouting Rock Asset Management, LLC
added
30.67
353,146
1,390,940
0.51%
Feb 15, 2024
Farther Finance Advisors, LLC
new
-
37.00
37.00
-%
Feb 15, 2024
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
unchanged
-
254,295
10,146,800
0.59%
Feb 15, 2024
JANE STREET GROUP, LLC
new
-
224,108
224,108
-%
Feb 15, 2024
Nantahala Capital Management, LLC
added
87.53
3,593,130
7,484,070
0.22%
Feb 15, 2024
BARCLAYS PLC
added
365
356,000
450,000
-%
Feb 15, 2024
SkyView Investment Advisors, LLC
sold off
-100
-261,000
-
-%

1–10 of 44

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
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
Dec 22, 2023
mill road capital iii, l.p.
7.2%
2,315,424
SC 13D/A
Oct 05, 2023
mill road capital iii, l.p.
6.0%
1,955,569
SC 13D/A
Aug 07, 2023
b. riley financial, inc.
11.2%
3,609,763
SC 13D/A
Jul 25, 2023
b. riley financial, inc.
12.2%
3,939,763
SC 13D/A

Recent SEC filings of Alta Equipment Group Inc

View All Filings
Date Filed Form Type Document
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 09, 2024
SC 13D/A
13D - Major Acquisition
Feb 09, 2024
SC 13D/A
13D - Major Acquisition
Feb 09, 2024
4
Insider Trading
Feb 02, 2024
8-K
Current Report
Feb 01, 2024
3
Insider Trading
Jan 25, 2024
SC 13G
Major Ownership Report
Jan 23, 2024
SC 13D/A
13D - Major Acquisition
Jan 22, 2024
8-K
Current Report

What is the Fair Value of ALTG?

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Disclaimer: Conduct thorough research and seek guidance from a certified financial advisor prior to finalizing any investment choices.

Peers (Alternatives to Alta Equipment Group Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
104.7B
18.6B
7.21% 12.66%
29.42
5.63
7.76% 13.08%
63.6B
9.2B
3.65% 39.15%
44.4
6.91
9.76% 11.34%
47.4B
4.0B
2.92% 44.21%
35.82
11.87
11.51% 23.13%
32.7B
5.3B
5.87% 25.18%
59.95
6.21
2.79% -21.68%
19.1B
10.3B
13.19% 50.62%
46.76
1.85
13.90% -5.05%
11.4B
3.6B
10.55% 12.62%
21
3.14
15.88% 17.98%
MID-CAP
8.4B
6.4B
0.19% -4.52%
20.33
1.31
-11.68% -37.51%
4.6B
2.7B
2.52% -8.91%
-1.2K
1.73
-0.52% -150.00%
4.4B
2.7B
2.96% -5.37%
7.2
1.65
15.87% 733.47%
2.5B
8.1B
-3.54% -15.44%
10.06
0.31
3.71% 9.07%
SMALL-CAP
1.8B
1.5B
24.93% 82.64%
80.38
1.2
41.33% 169.51%
376.1M
1.8B
9.03% -28.96%
38.01
0.21
17.94% 144.71%
112.6M
281.1M
-12.58% -29.43%
10.01
0.4
-1.85% -2.83%
55.0M
998.5K
-6.56% -51.28%
-3.07
55.07
370.99% -10.61%
8.6M
84.5M
4.55% -17.56%
-4.44
0.1
9.61% -6671.93%

Alta Equipment Group Inc News

Latest updates
Yahoo Finance19 Feb 202411:22 am
Yahoo Finance05 Feb 202408:00 am
GlobeNewswire02 Feb 202412:01 pm

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/Q2023Q32023Q22023Q12022Q42022Q32022Q32022Q22022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-0.5%466,200468,400420,700428,600405,000405,750406,500369,100331,700356,300295,000292,700268,800280,400220,600192,100180,500169,400149,800135,900102,300
Gross Profit-0.6%126,100126,800121,300110,800111,600-105,800-91,40089,10081,10076,90067,30064,40056,70046,30047,10041,80044,20038,60027,500
Operating Expenses1.4%112,200110,600109,200101,30097,900-92,800-86,80080,80075,10073,70066,80064,90060,20045,40052,10043,00038,00033,50025,900
  S&GA Expenses1.5%106,800105,200104,00096,40094,200-88,800-82,90077,60072,40071,10064,80062,80058,40043,70051,10042,00037,50032,80025,300
EBITDA Margin-68.1%0.01*0.02*0.02*0.02*0.02*0.02*0.02*0.00*0.00*0.00*-0.01*-0.02*-0.01*-0.03*-------
Interest Expenses26.3%2,4001,9001,5001,100800-500-30030040050050065050030070018,100900800700
Income Taxes-2533.3%-7,300300100500300-500--3,100--500-3,200-1,900-400-1,100----
Earnings Before Taxes-96.3%1002,7001,100-2005,400-6,600--1,2002,600100-14,700-5,200-6,400-1,600-4,500-18,100-5,800-27,400400-2,600
EBT Margin-60.3%0.00*0.01*0.01*0.01*0.01*0.01*0.01*-0.01*-0.01*-0.01*-0.02*-0.03*-0.02*-0.04*-------
Net Income208.3%7,4002,4001,000-5,100-6,100--1,200-500100-14,700-5,700-3,200300-4,100-17,000-5,800-27,400400-2,600
Net Income Margin-3.4%0.01*0.01*0.01*0.01*0.01*0.00*0.00*-0.01*-0.01*-0.02*-0.02*-0.02*-0.01*-0.03*-------
Free Cashflow171.3%11,900-16,700-23,2001,80012,2007,7007,700-8,500-8,50023,500-7,8007,800-9009,400-------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets0%1,4801,4801,3771,2911,1431,0711,031983787783745746700664675454147146--
  Current Assets3.3%7847607306635825395054493964033813823573433792441.001.000.000.00
    Cash Equivalents-39.1%1.002.002.003.002.001.002.002.001.002.001.001.000.006.0036.004.001.001.000.000.00
  Inventory-1.0%493498469400339297291239205225223229221207209137----
  Net PPE5.1%448426399378367347337345338327311312294280261197----
  Goodwill1.0%71.0070.0071.0069.0054.0044.0044.0042.000.0024.0021.0024.0023.003.0030.009.00----
Liabilities3.4%1,3331,2891,2391,1511,0029328988486526475945895855505464773181590.000.00
  Current Liabilities5.3%570541526471415507471322325320440434411375383343----
  Long Term Debt0.1%31231231131131131031031031030913413513613813487.00----
    LT Debt, Current20.0%7.006.005.004.004.003.003.003.001.00-8.009.008.008.008.007.00----
    LT Debt, Non Current0.1%31231231131131131031031031030913413513613813487.00----
Shareholder's Equity4.3%14814113814014113913313513613615215711511412953.005.0010.0010.0012.00
  Retained Earnings6.1%-71.80-76.50-76.40-74.20-70.80-73.40-78.80-76.80-75.30-74.80-59.10-53.40-63.00-63.30-47.10-23.201.001.00-0.01-0.01
  Additional Paid-In Capital0.8%22722522422321921921821721721721721618418017976.004.004.00--
Shares Outstanding0%32.0032.0032.0032.0032.0032.0032.0032.0031.0032.0030.0027.00--------
Float------179---265---128---140--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations205.1%14,400-13,700-20,1007,70014,90010,100-6,70024,600-4,1009,6006009,8009,3003,000-57,100-1,5003,700-11,1003,400--
  Share Based Compensation27.3%1,4001,1008008008008003003004002003004003,200-3,100------
Cashflow From Investing7.8%-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-88.7%4,10036,20037,90069,60035,1007,60024,60048,00016,60010,6008,60052,90027,300-27,900211,8001,6003,10084,5002,600--
  Dividend Payments0%700700800800700700800--------------
  Buy Backs-------------3,000-2,900------

ALTG Income Statement

2023-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:    
Total revenues$ 466.2$ 405.0$ 1,355.3$ 1,143.2
Cost of revenues:    
Total cost of revenues340.1293.4981.1834.4
Gross profit126.1111.6374.2308.8
General and administrative expenses106.894.2316.0265.9
Non-rental depreciation and amortization5.43.716.011.6
Total operating expenses112.297.9332.0277.5
Income from operations13.913.742.231.3
Other (expense) income    
Interest expense, floor plan payable – new equipment(2.4)(0.8)(5.8)(1.6)
Interest expense – other(12.8)(7.7)(35.1)(19.8)
Other income1.40.22.60.9
Total other expense, net(13.8)(8.3)(38.3)(20.5)
Income before taxes0.15.43.910.8
Income tax (benefit) provision(7.3)0.3(6.9)0.8
Net income7.45.110.810.0
Preferred stock dividends(0.7)(0.7)(2.2)(2.2)
Net income available to common stockholders$ 6.7$ 4.4$ 8.6$ 7.8
Basic income per share$ 0.21$ 0.14$ 0.27$ 0.24
Diluted income per share$ 0.2$ 0.14$ 0.26$ 0.24
Basic weighted average common shares outstanding32,368,11231,981,84332,320,34632,091,353
Diluted weighted average common shares outstanding32,729,51732,138,95232,631,08232,290,127
New and Used Equipment Sales    
Revenues:    
Total revenues$ 253.6$ 210.1$ 727.8$ 579.0
Cost of revenues:    
Total cost of revenues212.0176.5601.3482.6
Parts Sales    
Revenues:    
Total revenues69.561.8209.2173.5
Cost of revenues:    
Total cost of revenues45.340.0138.2116.7
Service Revenues    
Revenues:    
Total revenues60.654.3180.5154.2
Cost of revenues:    
Total cost of revenues26.524.377.066.3
Rental Revenues    
Revenues:    
Total revenues54.050.2147.1131.5
Cost of revenues:    
Total cost of revenues5.75.918.016.7
Rental Equipment Sales    
Revenues:    
Total revenues28.528.690.7105.0
Cost of revenues:    
Total cost of revenues21.020.866.582.6
Rental Depreciation    
Cost of revenues:    
Total cost of revenues$ 29.6$ 25.9$ 80.1$ 69.5

ALTG Balance Sheet

2023-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
ASSETS  
Cash$ 1.4$ 2.7
Accounts receivable, net of allowances of $14.3 and $13.0 as of September 30, 2023 and December 31, 2022, respectively259.1232.8
Inventories, net492.8399.7
Prepaid expenses and other current assets31.028.1
Total current assets784.3663.3
NON-CURRENT ASSETS  
Property and equipment, net447.6377.8
Operating lease right-of-use assets, net106.1113.6
Goodwill71.169.2
Other intangible assets, net54.360.7
Other assets17.06.0
TOTAL ASSETS1,480.41,290.6
LIABILITIES AND STOCKHOLDERS’ EQUITY  
Current portion of long-term debt6.64.2
Accounts payable89.690.8
Customer deposits14.927.9
Accrued expenses53.455.1
Current operating lease liabilities15.414.8
Current deferred revenue14.514.1
Other current liabilities10.97.5
Total current liabilities569.8471.2
NON-CURRENT LIABILITIES  
Lines of credit, net303.5217.5
Long-term debt, net of current portion312.0311.2
Finance lease obligations, net of current portion26.215.4
Deferred revenue, net of current portion4.44.9
Guaranteed purchase obligations, net of current portion2.94.7
Long-term operating lease liabilities, net of current portion95.0101.9
Deferred tax liability7.76.4
Other liabilities11.417.6
Total1,332.91,150.8
CONTINGENCIES - NOTE 13
STOCKHOLDERS’ EQUITY  
referred stock, $0.0001 par value per share, 1,000,000 shares authorized, 1,200,000 Depositary Shares representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock, $0.0001 par value per share, issued and outstanding at both September 30, 2023 and December 31, 2022
Common stock, $0.0001 par value per share, 200,000,000 shares authorized; 32,368,112 and 32,194,243 issued and outstanding at September 30, 2023 and December 31, 2022, respectively
Additional paid-in capital226.5222.8
Treasury stock at cost, 862,182 shares of common stock held at both September 30, 2023 and December 31, 2022(5.9)(5.9)
Accumulated deficit(71.8)(74.2)
Accumulated other comprehensive loss(1.3)(2.9)
TOTAL STOCKHOLDERS’ EQUITY147.5139.8
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY1,480.41,290.6
New Equipment  
LIABILITIES AND STOCKHOLDERS’ EQUITY  
Floor plan payable280.6211.5
Used and Rental Equipment  
LIABILITIES AND STOCKHOLDERS’ EQUITY  
Floor plan payable$ 83.9$ 45.3
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
 WEBSITEwww.altaequipment.com
 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 Thu Feb 22 2024, market cap of Alta Equipment Group Inc is 376.12 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 Thu Feb 22 2024, ALTG's PE ratio (Price to Earnings) is 38.01 and Price to Sales (PS) ratio is 0.21. 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.