Alta Equipment Group Stock Today
| ALTG Stock | USD 5.33 0.33 5.83% |
PerformanceVery Weak
| Odds Of DistressBelow Average
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Alta Equipment is trading at 5.33 as of the 21st of March 2025. This is a 5.83 percent decrease since the beginning of the trading day. The stock's lowest day price was 5.33. Alta Equipment has about a 35 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 21st of December 2024 and ending today, the 21st of March 2025. Click here to learn more.
Business Domain Capital Goods | IPO Date 25th of April 2019 | Category Industrials |
Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan. Alta Equipment operates under Rental Leasing Services classification in the United States and is traded on New York Stock Exchange. The company has 32.86 M outstanding shares of which 2.14 M shares are presently shorted by private and institutional investors with about 13.72 trading days to cover. More on Alta Equipment Group
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Alta Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Chairman | Ryan Greenawalt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Rentals (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Trading Companies & Distributors, Rental & Leasing Services, Industrials, NYSE Composite, Rentals, Industrials, Trading Companies & Distributors, Rental & Leasing Services, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsAlta Equipment can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Alta Equipment's financial leverage. It provides some insight into what part of Alta Equipment's total assets is financed by creditors.
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Alta Equipment Group (ALTG) is traded on New York Stock Exchange in USA. It is located in 13211 Merriman Road, Livonia, MI, United States, 48150 and employs 2,900 people. Alta Equipment is listed under Trading Companies & Distributors category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 185.99 M. Alta Equipment Group conducts business under Trading Companies & Distributors sector and is part of Industrials industry. The entity has 32.86 M outstanding shares of which 2.14 M shares are presently shorted by private and institutional investors with about 13.72 trading days to cover.
Alta Equipment Group currently holds about 500 K in cash with 57 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Check Alta Equipment Probability Of Bankruptcy
Ownership AllocationAlta Equipment holds a total of 32.86 Million outstanding shares. The majority of Alta Equipment Group outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Alta Equipment Group to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Alta Equipment. Please pay attention to any change in the institutional holdings of Alta Equipment Group as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Alta Ownership Details
Alta Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| State Street Corp | 2024-12-31 | 496.3 K | |
| Arnhold & S. Bleichroeder Advisers, Llc | 2024-12-31 | 395.9 K | |
| American Century Companies Inc | 2024-12-31 | 285.5 K | |
| Royce & Associates, Lp | 2024-12-31 | 265.3 K | |
| Bank Of New York Mellon Corp | 2024-12-31 | 238.8 K | |
| Northern Trust Corp | 2024-12-31 | 230.4 K | |
| Register Financial Advisors Llc | 2024-12-31 | 223.2 K | |
| Abs Direct Equity Fund Llc | 2024-12-31 | 209.2 K | |
| Foundry Partners, Llc | 2024-12-31 | 205.3 K | |
| Mill Road Capital Management Llc | 2024-12-31 | 4.3 M | |
| Voss Capital Llc | 2024-12-31 | 2.9 M |
Alta Equipment Historical Income Statement
Alta Stock Against Markets
Alta Equipment Corporate Management
| Daniel Shribman | Director | Profile | |
| Andrew Studdert | Independent Director | Profile | |
| Jeff Hoover | Chief Counsel | Profile | |
| Sinem McDonald | Director Reporting | Profile | |
| Craig Brubaker | Chief Officer | Profile |
Already Invested in Alta Equipment Group?
The danger of trading Alta Equipment Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alta Equipment is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alta Equipment. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alta Equipment Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Alta Equipment Group is a strong investment it is important to analyze Alta Equipment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Alta Equipment's future performance. For an informed investment choice regarding Alta Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alta Equipment Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Trading Companies & Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alta Equipment. If investors know Alta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alta Equipment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.454 | Dividend Share 0.228 | Earnings Share (2.15) | Revenue Per Share | Quarterly Revenue Growth (0.04) |
The market value of Alta Equipment Group is measured differently than its book value, which is the value of Alta that is recorded on the company's balance sheet. Investors also form their own opinion of Alta Equipment's value that differs from its market value or its book value, called intrinsic value, which is Alta Equipment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alta Equipment's market value can be influenced by many factors that don't directly affect Alta Equipment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alta Equipment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alta Equipment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alta Equipment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.