ALTG Stock Price, Alta Equipment Group Inc Quote, Chart

Market Summary

USD11.70+0.26

Market Closed

2.27%

ALTG Stock Price

View Fullscreen

ALTG RSI Chart

ALTG Valuation

Market Cap

375.3M

Price/Earnings (Trailing)

42.17

Price/Sales (Trailing)

0.2

EV/EBITDA

60.24

Price/Free Cashflow

7.3

ALTG Price/Sales (Trailing)

ALTG Profitability

EBT Margin

0.13%

Return on Equity

5.95%

Return on Assets

0.57%

Free Cashflow Yield

13.7%

ALTG Fundamentals

ALTG Revenue

Revenue (TTM)

1.9B

Rev. Growth (Yr)

21.68%

Rev. Growth (Qtr)

11.86%

ALTG Earnings

Earnings (TTM)

8.9M

Earnings Growth (Yr)

45.1%

Earnings Growth (Qtr)

208.33%

Breaking Down ALTG Revenue

Last 7 days

-1.6%

Last 30 days

-10.8%

Last 90 days

3.4%

Trailing 12 Months

-16.9%

How does ALTG drawdown profile look like?

ALTG Financial Health

Current Ratio

1.32

Debt/Equity

2.09

Debt/Cashflow

0.2

ALTG Investor Care

Dividend Yield

1.99%

Dividend/Share (TTM)

0.23

Shares Dilution (1Y)

1.90%

Diluted EPS (TTM)

0.18

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	1.6B	1.7B	1.8B	1.9B
2022	1.3B	1.3B	1.5B	1.6B
2021	961.9M	1.1B	1.1B	1.2B
2020	635.6M	691.8M	762.6M	873.6M
2019	0	0	0	557.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 19, 2024	colucci anthony	acquired	-	-	43,966	chief financial officer
Mar 19, 2024	hoover jeffrey alan	acquired	-	-	7,601	see remarks
Mar 19, 2024	greenawalt ryan	acquired	-	-	106,415	ceo, chairman
Mar 19, 2024	brubaker craig	acquired	-	-	10,856	chief operating officer
Feb 29, 2024	colucci anthony	sold	-197,168	11.4486	-17,222	chief financial officer
Feb 29, 2024	greenawalt ryan	sold	-397,008	11.359	-34,951	ceo, chairman
Feb 29, 2024	brubaker craig	sold	-87,182	11.7734	-7,405	chief operating officer
Feb 08, 2024	b. riley financial, inc.	sold	-9,377,000	11.00	-852,455	-
Feb 07, 2024	b. riley financial, inc.	sold	-26,945,900	11.00	-2,449,630	-
Feb 07, 2024	b. riley financial, inc.	sold	-3,384,470	11.00	-307,679	-

Which funds bought or sold ALTG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 24, 2024	Assenagon Asset Management S.A.	reduced	-34.15	-346,900	769,826	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-77.4	-27,000	9,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	3,380	134,858	-%
Apr 19, 2024	Mesirow Financial Investment Management, Inc.	reduced	-24.51	-52,486	247,915	1.24%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	sold off	-100	-1,744	-	-%
Apr 16, 2024	Register Financial Advisors LLC	added	23.26	677,981	3,012,570	1.56%
Apr 16, 2024	Hodges Capital Management Inc.	sold off	-100	-1,971,000	-	-%
Apr 15, 2024	Legato Capital Management LLC	unchanged	-	38,158	851,993	0.10%
Apr 05, 2024	CWM, LLC	added	123	3,000	6,000	-%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	new	-	1,336	1,336	-%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
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
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

Recent SEC filings of Alta Equipment Group Inc

View All Filings

Date Filed	Form Type	Document
Apr 25, 2024	ARS	ARS
Apr 25, 2024	DEF 14A	DEF 14A
Apr 25, 2024	DEFA14A	DEFA14A
Apr 12, 2024	3/A	Insider Trading
Apr 12, 2024	8-K	Current Report
Apr 11, 2024	SC 13D/A	13D - Major Acquisition
Apr 03, 2024	8-K	Current Report
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading

Peers (Alternatives to Alta Equipment Group Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	101.2B	18.6B	0.54%	16.87%	28.45	5.45	7.76%	13.08%
CTAS	67.5B	9.4B	4.99%	51.27%	44.88	7.17	9.34%	15.98%
CPRT	53.1B	4.1B	-3.43%	43.35%	39.17	13.09	10.52%	25.37%
EFX	28.0B	5.4B	-13.11%	13.93%	50.15	5.23	5.76%	-4.95%
BAH	18.9B	10.3B	-1.11%	54.68%	46.13	1.83	13.90%	-5.05%
ALLE	10.9B	3.6B	-6.38%	16.13%	20.25	3.02	4.33%	10.65%
MID-CAP
RHI	7.4B	6.4B	-8.82%	-0.04%	18.07	1.16	-11.68%	-37.51%
AL	5.7B	2.7B	2.50%	33.81%	9.31	2.13	15.87%	733.47%
SRCL	4.6B	2.6B	-11.83%	10.13%	-237.52	1.75	-3.11%	-123.81%
ABM	2.8B	8.2B	1.37%	8.46%	10.9	0.34	3.98%	33.49%
SMALL-CAP
AZZ	1.9B	2.7B	-4.31%	99.08%	21.53	0.69	104.63%	175.67%
ALTG	375.3M	1.9B	-10.76%	-16.91%	42.17	0.2	19.40%	-4.30%
ARC	117.2M	281.2M	-0.36%	-8.97%	14.23	0.42	-1.68%	-25.77%
AQMS	57.1M	1.1M	-5.66%	-56.14%	-2.39	49.78	336.95%	-55.13%
AWX	8.6M	80.5M	-2.22%	-18.12%	-4.77	0.11	-0.82%	-207.00%

Alta Equipment Group Inc News

Latest updates

Alta Equipment Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q3	2022Q2	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Revenue	11.9%	521,500	466,200	468,400	420,700	428,600	405,000	405,750	406,500	369,100	331,700	356,300	295,000	292,700	268,800	280,400	220,600	192,100	180,500	169,400	149,800	135,900
Gross Profit	5.5%	133,000	126,100	126,800	121,300	110,800	111,600	-	105,800	-	91,400	89,100	81,100	76,900	67,300	64,400	56,700	46,300	47,100	41,800	44,200	38,600
Operating Expenses	7.7%	120,800	112,200	110,600	109,200	101,300	97,900	-	92,800	-	86,800	80,800	75,100	73,700	66,800	64,900	60,200	45,400	52,100	43,000	38,000	33,500
S&GA Expenses	7.0%	114,300	106,800	105,200	104,000	96,400	94,200	-	88,800	-	82,900	77,600	72,400	71,100	64,800	62,800	58,400	43,700	51,100	42,000	37,500	32,800
EBITDA Margin	-2.3%	0.01*	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*	-	-	-	-	-	-	-
Interest Expenses	8.3%	2,600	2,400	1,900	1,500	1,100	800	-	500	-	300	300	400	500	500	650	500	300	700	18,100	900	800
Income Taxes	106.8%	500	-7,300	300	100	500	300	-	500	-	-	3,100	-	-	500	-3,200	-1,900	-400	-1,100	-	-	-
Earnings Before Taxes	-1500.0%	-1,400	100	2,700	1,100	-200	5,400	-	6,600	-	-1,200	2,600	100	-14,700	-5,200	-6,400	-1,600	-4,500	-18,100	-5,800	-27,400	400
EBT Margin	-35.8%	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*	-0.02*	-	-	-	-	-	-	-
Net Income	-100.0%	-	7,400	2,400	1,000	-	5,100	-	6,100	-	-1,200	-500	100	-14,700	-5,700	-3,200	300	-4,100	-17,000	-5,800	-27,400	400
Net Income Margin	-	0.00*	-	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 Cashflow	567.2%	79,400	11,900	-16,700	-23,200	1,800	12,200	7,700	7,700	-8,500	-8,500	23,500	-7,800	7,800	-900	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	6.1%	1,571	1,480	1,480	1,377	1,291	1,143	1,071	1,031	983	787	783	745	746	700	664	675	454	147	146	-	-
Current Assets	6.8%	838	784	760	730	663	582	539	505	449	396	403	381	382	357	343	379	244	1.00	1.00	0.00	0.00
Cash Equivalents	2114.3%	31.00	1.00	2.00	2.00	3.00	2.00	1.00	2.00	2.00	1.00	2.00	1.00	1.00	0.00	6.00	36.00	4.00	1.00	1.00	0.00	0.00
Inventory	7.7%	531	493	498	469	400	339	297	291	239	205	225	223	229	221	207	209	137	-	-	-	-
Net PPE	3.8%	465	448	426	399	378	367	347	337	345	338	327	311	312	294	280	261	197	-	-	-	-
Goodwill	7.9%	77.00	71.00	70.00	71.00	69.00	54.00	44.00	44.00	42.00	0.00	24.00	21.00	24.00	23.00	3.00	30.00	9.00	-	-	-	-
Liabilities	6.6%	1,421	1,333	1,289	1,239	1,151	1,002	932	898	848	652	647	594	589	585	550	546	477	318	159	0.00	0.00
Current Liabilities	11.5%	635	570	541	526	471	415	507	471	322	325	320	440	434	411	375	383	343	-	-	-	-
Long Term Debt	0.1%	312	312	312	311	311	311	310	310	310	310	309	134	135	136	138	134	87.00	-	-	-	-
LT Debt, Current	16.7%	8.00	7.00	6.00	5.00	4.00	4.00	3.00	3.00	3.00	1.00	-	8.00	9.00	8.00	8.00	8.00	7.00	-	-	-	-
LT Debt, Non Current	0.1%	312	312	312	311	311	311	310	310	310	310	309	134	135	136	138	134	87.00	-	-	-	-
Shareholder's Equity	1.5%	150	148	141	138	140	141	139	133	135	136	136	152	157	115	114	129	5.00	5.00	10.00	10.00	12.00
Retained Earnings	-6.4%	-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	-23.20	1.00	1.00	-0.01	-0.01
Additional Paid-In Capital	3.2%	234	227	225	224	223	219	219	218	217	217	217	217	216	184	180	179	76.00	4.00	4.00	-	-
Shares Outstanding	0.0%	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	30.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	326	-	-	-	179	-	-	-	265	-	-	-	128	-	-	-	140	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	477.8%	83,200	14,400	-13,700	-20,100	7,700	14,900	10,100	-6,700	24,600	-4,100	9,600	600	9,800	9,300	3,000	-57,100	-1,500	3,700	-11,100	3,400	-
Share Based Compensation	-28.6%	1,000	1,400	1,100	800	800	800	800	300	300	400	200	300	400	3,200	-	3,100	-	-	-	-	-
Cashflow From Investing	-211.0%	-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	122.0%	9,100	4,100	36,200	37,900	69,600	35,100	7,600	24,600	48,000	16,600	10,600	8,600	52,900	27,300	-27,900	211,800	1,600	3,100	84,500	2,600	-
Dividend Payments	14.3%	800	700	700	800	800	700	700	800	-	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	-	2,900	-	-	-	-	-

ALTG Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Total revenues	$ 1,876.8	$ 1,571.8	$ 1,212.8
Cost of revenues:
Total cost of revenues	1,369.6	1,152.2	898.4
Gross profit	507.2	419.6	314.4
General and administrative expenses	430.3	362.3	285.9
Non-rental depreciation and amortization	22.5	16.5	10.5
Total operating expenses	452.8	378.8	296.4
Income from operations	54.4	40.8	18.0
Other (expense) income
Interest expense, floor plan payable – new equipment	(8.4)	(2.7)	(1.7)
Interest expense – other	(48.6)	(29.1)	(22.3)
Other income	5.1	1.6	0.7
Loss on extinguishment of debt			(11.9)
Total other expense, net	(51.9)	(30.2)	(35.2)
Income (loss) before taxes	2.5	10.6	(17.2)
Income tax (benefit) provision	(6.4)	1.3	3.6
Net income (loss)	8.9	9.3	(20.8)
Preferred stock dividends	(3.0)	(3.0)	(2.6)
Net income (loss) available to common stockholders	$ 5.9	$ 6.3	$ (23.4)
Basic income (loss) per share	$ 0.18	$ 0.2	$ (0.74)
Diluted income (loss) per share	$ 0.18	$ 0.2	$ (0.74)
Basic weighted average common shares outstanding	32,447,754	32,099,247	31,706,329
Diluted weighted average common shares outstanding	32,877,507	32,301,663	31,706,329
New and Used Equipment Sales
Revenues:
Total revenues	$ 1,025.9	$ 817.2	$ 568.8
Cost of revenues:
Total cost of revenues	853.6	683.2	478.0
Parts Sales
Revenues:
Total revenues	278.3	234.8	178.5
Cost of revenues:
Total cost of revenues	183.2	157.4	123.4
Service Revenues
Revenues:
Total revenues	241.3	206.6	165.5
Cost of revenues:
Total cost of revenues	103.4	90.7	68.2
Rental Revenues
Revenues:
Total revenues	202.4	180.1	155.5
Cost of revenues:
Total cost of revenues	24.8	22.4	20.6
Rental Equipment Sales
Revenues:
Total revenues	128.9	133.1	144.5
Cost of revenues:
Total cost of revenues	94.5	103.0	122.9
Rental Depreciation
Cost of revenues:
Total cost of revenues	$ 110.1	$ 95.5	$ 85.3

ALTG Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash	$ 31.0	$ 2.7
Accounts receivable, net of allowances of $12.4 and $13.0 as of December 31, 2023 and 2022, respectively	249.3	232.8
Inventories, net	530.7	399.7
Prepaid expenses and other current assets	27.0	28.1
Total current assets	838.0	663.3
NON-CURRENT ASSETS
Property and equipment, net	464.8	377.8
Operating lease right-of-use assets, net	110.9	113.6
Goodwill	76.7	69.2
Other intangible assets, net	66.3	60.7
Other assets	14.2	6.0
TOTAL ASSETS	1,570.9	1,290.6
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current portion of long-term debt	7.7	4.2
Accounts payable	97.0	90.8
Customer deposits	17.4	27.9
Accrued expenses	59.7	55.1
Current operating lease liabilities	15.9	14.8
Current deferred revenue	16.2	14.1
Other current liabilities	23.9	7.5
Total current liabilities	635.1	471.2
NON-CURRENT LIABILITIES
Lines of credit, net	315.9	217.5
Long-term debt, net of current portion	312.3	311.2
Finance lease obligations, net of current portion	31.1	15.4
Deferred revenue, net of current portion	4.2	4.9
Guaranteed purchase obligations, net of current portion	2.5	4.7
Long-term operating lease liabilities, net of current portion	99.6	101.9
Deferred tax liability	7.7	6.4
Other liabilities	12.8	17.6
TOTAL LIABILITIES	1,421.2	1,150.8
CONTINGENCIES - NOTE 11
STOCKHOLDERS’ EQUITY
Preferred 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 December 31, 2023 and 2022
Common stock, $0.0001 par value per share, 200,000,000 shares authorized; 32,369,820 and 32,194,243 issued and outstanding at December 31, 2023 and 2022, respectively
Additional paid-in capital	233.8	222.8
Treasury stock at cost, 862,182 shares of common stock held at both December 31, 2023 and 2022	(5.9)	(5.9)
Accumulated deficit	(76.4)	(74.2)
Accumulated other comprehensive loss	(1.8)	(2.9)
TOTAL STOCKHOLDERS’ EQUITY	149.7	139.8
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	1,570.9	1,290.6
New Equipment
LIABILITIES AND STOCKHOLDERS’ EQUITY
Floor plan payable	297.8	211.5
Used and Rental Equipment
LIABILITIES AND STOCKHOLDERS’ EQUITY
Floor plan payable	$ 99.5	$ 45.3

About Alta Equipment Group Inc

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	Mr. Ryan Greenawalt
WEBSITE	altaequipment.com
INDUSTRY	Information Technology Services
EMPLOYEES	2800

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 Apr 25 2024, market cap of Alta Equipment Group Inc is 375.29 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 Apr 25 2024, ALTG's PE ratio (Price to Earnings) is 42.17 and Price to Sales (PS) ratio is 0.2. 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.