Alta Equipment Group (NYSE:ALTG) Upgraded to “Strong-Buy” at B. Riley

Alta Equipment Group (NYSE:ALTG) was upgraded by research analysts at B. Riley to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports. B. Riley also issued estimates for Alta Equipment Group’s Q2 2025 earnings at ($0.30) EPS and Q3 2025 earnings at ($0.30) EPS.

Separately, Raymond James cut their price target on shares of Alta Equipment Group from $9.00 to $8.50 and set a “market perform” rating on the stock in a report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.63.

Alta Equipment Group Price Performance

Shares of NYSE:ALTG opened at $4.94 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.43 and a debt-to-equity ratio of 7.45. The stock has a market cap of $162.33 million, a PE ratio of -2.91 and a beta of 1.81. The stock’s fifty day simple moving average is $6.26 and its two-hundred day simple moving average is $6.64. Alta Equipment Group has a 1-year low of $4.45 and a 1-year high of $13.67.

Insiders Place Their Bets

In other Alta Equipment Group news, COO Craig Brubaker sold 5,294 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $5.00, for a total transaction of $26,470.00. Following the sale, the chief operating officer now owns 98,640 shares in the company, valued at $493,200. This represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 19.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new stake in shares of Alta Equipment Group in the fourth quarter worth $937,000. Janus Henderson Group PLC grew its holdings in shares of Alta Equipment Group by 12.8% in the fourth quarter. Janus Henderson Group PLC now owns 51,469 shares of the company’s stock worth $337,000 after purchasing an additional 5,828 shares during the last quarter. CastleKnight Management LP increased its position in shares of Alta Equipment Group by 70.2% in the fourth quarter. CastleKnight Management LP now owns 540,986 shares of the company’s stock valued at $3,538,000 after acquiring an additional 223,072 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of Alta Equipment Group by 26.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 81,900 shares of the company’s stock worth $536,000 after purchasing an additional 16,900 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Alta Equipment Group by 148.0% during the fourth quarter. Bank of America Corp DE now owns 187,813 shares of the company’s stock valued at $1,228,000 after buying an additional 112,092 shares during the period. Institutional investors own 73.58% of the company’s stock.

About Alta Equipment Group

Alta Equipment Group Inc owns and operates integrated equipment dealership platforms in the United States. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution. 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 other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, and other construction equipment and related products.