Alta Equipment Group (NYSE:ALTG) Stock Rating Upgraded by Wall Street Zen

Alta Equipment Group (NYSE:ALTG) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

ALTG has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Alta Equipment Group in a research report on Monday, December 29th. Zacks Research raised shares of Alta Equipment Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Finally, DA Davidson reduced their price objective on shares of Alta Equipment Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Alta Equipment Group has a consensus rating of “Hold” and a consensus target price of $11.00.

Alta Equipment Group Stock Performance

NYSE ALTG opened at $6.90 on Friday. The firm has a 50-day moving average price of $6.17 and a two-hundred day moving average price of $6.32. Alta Equipment Group has a 12-month low of $3.54 and a 12-month high of $8.99. The company has a market capitalization of $222.42 million, a P/E ratio of -2.69 and a beta of 1.54. The company has a quick ratio of 0.48, a current ratio of 1.43 and a debt-to-equity ratio of 257.10.

Alta Equipment Group (NYSE:ALTG) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.10). The business had revenue of $509.10 million during the quarter, compared to analyst estimates of $489.56 million. Alta Equipment Group had a negative net margin of 4.37% and a negative return on equity of 341.70%. Analysts anticipate that Alta Equipment Group will post -1.92 earnings per share for the current year.

Insider Transactions at Alta Equipment Group

In related news, Director Daniel Shribman acquired 40,000 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was acquired at an average cost of $5.07 per share, for a total transaction of $202,800.00. Following the transaction, the director directly owned 131,393 shares in the company, valued at $666,162.51. This trade represents a 43.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 19.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ALTG. Raymond James Financial Inc. acquired a new stake in shares of Alta Equipment Group during the 2nd quarter valued at $35,000. Public Employees Retirement System of Ohio raised its position in Alta Equipment Group by 221.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,100 shares of the company’s stock valued at $28,000 after purchasing an additional 4,200 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Alta Equipment Group by 55.1% during the fourth quarter. Royal Bank of Canada now owns 6,153 shares of the company’s stock valued at $28,000 after purchasing an additional 2,186 shares in the last quarter. Quarry LP grew its holdings in shares of Alta Equipment Group by 150.9% during the fourth quarter. Quarry LP now owns 6,676 shares of the company’s stock worth $31,000 after purchasing an additional 4,015 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Alta Equipment Group during the third quarter worth about $79,000. 73.58% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Alta Equipment Group

Here are the key news stories impacting Alta Equipment Group this week:

• Positive Sentiment: Q4 results topped expectations: Alta reported revenue of $509.1M (above estimates) and an EPS beat on a smaller-than-expected loss, driven by stronger equipment sales and stable product-support revenues. Press Release
• Positive Sentiment: Management set a 2026 target of ~$180M adjusted EBITDA, signaling confidence in margin recovery as the market normalizes — a clear catalyst for upside if execution meets the target. MSN Article
• Positive Sentiment: Operational cash improvements: Q4 reductions in inventory (~$31.3M) and net paydown of the line of credit (~$20.4M) reduce working-capital strain and are constructive for liquidity and leverage metrics. GlobeNewsWire Release
• Neutral Sentiment: Investor materials and transcripts available: Management commentary and the full earnings/transcript provide detail on timing of margin recovery and demand trends; useful for modeling but not an immediate directional surprise. Yahoo Finance Transcript
• Negative Sentiment: Profitability still challenged: Full-year 2025 net loss widened (net loss available to common stockholders of $83.3M vs. $65.1M in 2024) and adjusted EBITDA was down slightly year-over-year, underscoring margins remain under pressure. GlobeNewsWire Release
• Negative Sentiment: Balance-sheet and analyst outlook risks: High leverage and a negative ROE/net margin profile remain concerns; sell‑side consensus still expects negative EPS for the year, leaving the stock sensitive to any execution miss. Zacks Analysis

About Alta Equipment Group

Alta Equipment Group, Inc (NYSE: ALTG) is a North American distributor of material handling and logistics equipment. The company offers a broad lineup of forklifts, lift trucks, aerial work platforms, tow motors, pallet jacks and related attachments, serving manufacturing, warehousing, distribution and industrial facilities. Through its network of branch locations, Alta Equipment provides customers with new and used sales, short- and long-term rentals, and integrated fleet management solutions designed to support operational efficiency.

In addition to equipment sales, Alta Equipment supports customers with comprehensive after-sales services.