Alta Equipment Group, Inc. (ALTG)

In May 2025, Alta Equipment Group announced its First Quarter financial results, reporting decreased revenues, suspended its common stock dividend, increased its share repurchase program, and divested its aerial fleet rental business in Chicago. In August 2025, the company announced its Second Quarter financial results, with revenue exceeding expectations but experiencing a decline in the Material Handling segment and trimmed its EBITDA guidance due to higher tariffs. In October 2025, the company announced a preferred stock dividend. In November 2025, Alta Equipment Group announced its Third Quarter financial results, reporting sales below expectations, leading to a stock drop and analysts adjusting price targets and ratings to a consensus "Hold".

Alta Equipment Group's demand exhibits seasonality, particularly in the Construction Equipment segment, which sees increased activity with improved weather conditions. The Material Handling segment provides stability, while parts and services demand is inelastic. Overall performance is affected by economic conditions and infrastructure spending, with anticipated rebound in equipment demand.

Alta Equipment Group, Inc. (ALTG) is an integrated equipment dealership platform operating across the United States and Canada, functioning within the Industrials sector. The company is segmented into Material Handling, Construction Equipment, and Master Distribution, providing sales, rentals, parts, and service support for specialized equipment. Alta Equipment Group serves various sectors, including manufacturing, food and beverage, construction, and waste management.

Alta Equipment Group operates an extensive branch network with over 85 locations across the United States and Canada. In the U.S., its presence spans Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada, and Florida. In Canada, the company operates in the provinces of Ontario and Quebec.

Alta Equipment Group's brand reputation is indirectly reflected in its financial performance and market sentiment. Challenges in financial performance and stock price decline could influence investor and market perception. Strategic moves, such as suspending dividends and divesting the aerial fleet rental business, shape public and investor opinion. Analyst sentiment is mixed, with a "Hold" consensus rating.

Alta Equipment Group's ownership includes institutional investors, individual insiders, and the general public. Institutional investors hold a substantial majority of the stock. Company insiders also own a significant portion of the shares, with Ryan Greenawalt, the CEO and Chairman, holding a substantial stake. B. Riley Financial Inc. also holds a considerable ownership.