Alta Equipment Group Inc. (NYSE:ALTG – Free Report) – Equities researchers at Northland Capmk reduced their FY2026 earnings estimates for Alta Equipment Group in a research report issued on Thursday, September 14th. Northland Capmk analyst E. Jackson now expects that the company will post earnings per share of $0.45 for the year, down from their prior estimate of $0.46. The consensus estimate for Alta Equipment Group’s current full-year earnings is $0.10 per share.
Alta Equipment Group (NYSE:ALTG – Get Free Report) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.07. The company had revenue of $468.40 million during the quarter, compared to the consensus estimate of $462.00 million. Alta Equipment Group had a net margin of 0.45% and a return on equity of 8.07%.
Alta Equipment Group Price Performance
Shares of ALTG opened at $13.46 on Friday. The company has a market capitalization of $435.70 million, a P/E ratio of 89.73 and a beta of 1.58. The company has a quick ratio of 0.48, a current ratio of 1.40 and a debt-to-equity ratio of 4.41. The firm has a 50 day moving average of $15.35 and a 200 day moving average of $15.42. Alta Equipment Group has a twelve month low of $10.64 and a twelve month high of $20.60.
Alta Equipment Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were issued a $0.057 dividend. This represents a $0.23 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Monday, August 14th. Alta Equipment Group’s dividend payout ratio is currently 153.33%.
Insider Buying and Selling
In related news, major shareholder B. Riley Financial, Inc. sold 2,200,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $16.25, for a total value of $35,750,000.00. Following the sale, the insider now owns 2,779,629 shares in the company, valued at $45,168,971.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder B. Riley Financial, Inc. sold 2,200,000 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $16.25, for a total value of $35,750,000.00. Following the sale, the insider now owns 2,779,629 shares in the company, valued at $45,168,971.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan Greenawalt purchased 10,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $14.37 per share, for a total transaction of $143,700.00. Following the purchase, the insider now directly owns 86,208 shares in the company, valued at $1,238,808.96. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 22,000 shares of company stock worth $313,690. 20.90% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of ALTG. State of Wyoming purchased a new position in shares of Alta Equipment Group during the 2nd quarter worth $31,000. Group One Trading L.P. bought a new stake in shares of Alta Equipment Group during the 1st quarter valued at $34,000. Public Employees Retirement System of Ohio bought a new stake in shares of Alta Equipment Group during the 3rd quarter valued at $48,000. Barclays PLC raised its position in shares of Alta Equipment Group by 296.0% during the 4th quarter. Barclays PLC now owns 5,568 shares of the company’s stock valued at $73,000 after purchasing an additional 4,162 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Alta Equipment Group during the 1st quarter valued at $77,000. Hedge funds and other institutional investors own 70.94% of the company’s stock.
About Alta Equipment Group
(Get Free Report)
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.
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