Alta Equipment Group, Inc. (ALTG)

In the past six months, Alta Equipment Group's stock has been impacted by several events. On May 7, 2025, the company announced its first-quarter 2025 financial results, reaffirming organic guidance post-business divestiture and introducing a rebalancing in its capital allocation strategy. In September 2025, an analysis downgraded ALTG from a "Buy" to a "Hold" rating due to macro headwinds and tariffs creating near-term uncertainty, elevated debt, and variable-rate exposure posing long-term risks. The company also lowered the top end of its 2025 EBITDA guidance following higher tariffs. In Q2 2025, construction equipment sales increased year-over-year, driven by federal and state infrastructure projects, particularly in Florida. Conversely, rental revenue declined by approximately 14% due to a strategic reduction in fleet size after asset divestiture, and the material handling business faced challenges in the auto and manufacturing sectors.

Demand for Alta Equipment Group's products and services exhibits seasonality, particularly within its Construction Equipment segment. The company experiences typical seasonal impacts in its Northeast and Midwest markets, with rental fleet deployment naturally increasing as weather improves in late March, coinciding with the peak construction season. Infrastructure-related projects are expected to drive consistent demand for heavy equipment throughout the year. The company also anticipates benefiting from construction infrastructure-based end markets in FY2025, where its rental fleet remains deployed throughout the season.

Alta Equipment Group, Inc. (ALTG) is an integrated equipment dealership platform operating in the United States and Canada, founded in 1984 and headquartered in Livonia, Michigan. The company operates through three segments: Material Handling, Construction Equipment, and Master Distribution. The Material Handling segment focuses on the sale, service, and rental of lift trucks and other material handling equipment. The Construction Equipment segment is engaged in the sale, service, and rental of various construction equipment. The Master Distribution segment primarily handles large-scale equipment distribution rights with sub-dealers across North America. Alta Equipment Group also provides parts and service support, sells used equipment and replacement parts, offers repair and maintenance services, designs and builds warehouses, and provides automated equipment installation and system integration solutions, serving diverse sectors.

Alta Equipment Group operates an extensive branch network with over 85 locations across 15 states in the United States and the Canadian provinces of Ontario and Quebec. In the U.S., its presence includes Michigan, Illinois, Indiana, Ohio, Pennsylvania, Massachusetts, Maine, Connecticut, New Hampshire, Vermont, Rhode Island, New York, Virginia, Nevada, and Florida.

Information specifically detailing Alta Equipment Group's "brand reputation" in the past year and any events that have affected it is not readily available in the provided search results.

Alta Equipment Group (ALTG) has a mixed ownership structure comprising institutional investors, insiders, and individual investors. Institutional shareholders hold approximately 66.25% of the company, while insiders own about 86.39%. Other sources indicate institutional ownership around 19.01% or 11.18%, with insiders holding 37.57% and public companies and individual investors holding 43.43% or 7.82%. MarketScreener reports institutional ownership at 55.5% and individuals at 19.5%. Major institutional owners include Mill Road Capital Management LLC, Voss Capital, LLC, BlackRock, Inc., Greenhaven Road Investment Management, L.P., Vanguard Group Inc, Nantahala Capital Management, LLC, CastleKnight Management LP, First Eagle Investment Management, LLC, and CIBC Private Wealth Group, LLC. B Riley Financial Inc is the largest individual shareholder, owning 13.33 million shares, representing 41.58% of the company. Ryan Greenawalt, the Chairman and CEO, also holds a significant number of shares.