DA Davidson initiated coverage on Alta Equipment Group with a new price target
$ALTG
Industrial Machinery/Components
Industrials
DA Davidson initiated coverage of Alta Equipment Group with a rating of Buy and set a new price target of $14.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/27/2025 | $10.00 | Buy | B. Riley Securities |
| 11/13/2024 | $20.00 | Outperform → Market Perform | Northland Capital |
| 9/23/2022 | $25.00 | Outperform | Northland Capital |
| 1/4/2022 | $21.00 → $22.00 | Buy | B. Riley Securities |
| 11/12/2021 | $19.00 → $21.00 | Buy | B. Riley Securities |
LIVONIA, Mich., April 23, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE:ALTG) ("Alta" or "the Company"), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that it will report its financial results for the first quarter ended March 31, 2025, after the U.S. markets close on Wednesday, May 7, 2025. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the Company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary pr
LIVONIA, Mich., April 03, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE:ALTG) ("Alta" or "the Company"), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is April 30, 2025, to shareholders of record at the close of business on April 15, 2025. Abou
Fourth Quarter Financial Highlights: (comparisons are year over year) Total revenues decreased 4.5% year over year to $498.1 millionConstruction and Material Handling revenues of $318.6 million and $168.6 million, respectivelyProduct support revenues decreased 2.3% year over year with Parts sales decreasing to $67.9 million and Service revenues decreasing to $59.0 millionNew and used equipment sales decreased 3.7% to $287.1 millionNet loss available to common stockholders of $(11.4) million compared to $(2.7) million in 2023Basic and diluted net loss per share of $(0.34) compared to $(0.08) in 2023Adjusted basic and diluted pre-tax net (loss) income per share* of $(0.46) for 2024 compared t
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DEFA14A - ALTA EQUIPMENT GROUP INC. (0001759824) (Filer)
8-K - ALTA EQUIPMENT GROUP INC. (0001759824) (Filer)
B. Riley Securities resumed coverage of Alta Equipment Group with a rating of Buy and set a new price target of $10.00
Northland Capital downgraded Alta Equipment Group from Outperform to Market Perform and set a new price target of $20.00
Northland Capital initiated coverage of Alta Equipment Group with a rating of Outperform and set a new price target of $25.00
LIVONIA, Mich., Sept. 04, 2024 (GLOBE NEWSWIRE) -- On September 1, 2024, the Board of Directors (the "Board") of Alta Equipment Group Inc. (the "Company") elected Colin Wilson to join the Board of the Company, effective immediately, filling a vacancy. Mr. Wilson was elected to the class of directors whose term expires at the Company's annual meeting of shareholders in 2026. Mr. Wilson, age 70, has over 40 years of experience in the materials handling industry. He began his career in 1970 with Coles Cranes in Sunderland, England, where he worked in production engineering, marketing, product management and overseas licensing. After time with a compressor company and a European lift truck
LIVONIA, Mich., April 12, 2024 (GLOBE NEWSWIRE) -- On April 8, 2024, the Board of Directors (the "Board") of Alta Equipment Group Inc. (NYSE:ALTG) ("Alta" or "the Company"), a leading provider of premium material handling, construction and environmental processing equipment and related services, approved the appointment of Katherine White as the Chair of the Nominating and Governance Committee and Sidhartha Nair, who recently joined the Board effective February 22, 2024, as the Chair of the Compensation Committee, effective immediately. On April 8, 2024, Zachary Savas informed the Board of his resignation, effective immediately, and wished the Company well in the future. The Company and t
LIVONIA, Mich., Feb. 26, 2024 (GLOBE NEWSWIRE) -- On February 22, 2024, Alta Equipment Group Inc. (NYSE:ALTG) ("Alta" or "the Company"), a leading provider of premium material handling, construction and environmental processing equipment and related services, increased the size of the Board of Directors (the "Board") from five to six directors and subsequently appointed Sidhartha Nair to the Board, effective immediately. Mr. Nair, age 52, is the Head of Strategy, Americas Region, for Mercedes-Benz Mobility and leads Strategic and Transformation activities in the U.S., Canada and Mexico since December 2021. Mr. Nair first joined Daimler Financial Services in 2003 and has held roles of in
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SC 13D/A - ALTA EQUIPMENT GROUP INC. (0001759824) (Subject)
SC 13G - ALTA EQUIPMENT GROUP INC. (0001759824) (Subject)
LIVONIA, Mich., April 23, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE:ALTG) ("Alta" or "the Company"), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that it will report its financial results for the first quarter ended March 31, 2025, after the U.S. markets close on Wednesday, May 7, 2025. In conjunction with this announcement, Alta management will host a conference call and webcast that afternoon at 5:00 p.m. Eastern Time to discuss and answer questions about the Company's financial results. Prior to the conference call and webcast, Alta will issue a press release and supplementary pr
LIVONIA, Mich., April 03, 2025 (GLOBE NEWSWIRE) -- Alta Equipment Group Inc. (NYSE:ALTG) ("Alta" or "the Company"), a leading provider of premium material handling, construction and environmental processing equipment and related services, today announced that its Board of Directors approved the quarterly dividend on its Series A Cumulative Perpetual Preferred Stock in the amount of $625 per preferred share. This will equate to a dividend of $0.625 for each of the outstanding Depositary Shares representing a 1/1000th fractional interest in one share of Series A Preferred. The dividend payment date is April 30, 2025, to shareholders of record at the close of business on April 15, 2025. Abou
Fourth Quarter Financial Highlights: (comparisons are year over year) Total revenues decreased 4.5% year over year to $498.1 millionConstruction and Material Handling revenues of $318.6 million and $168.6 million, respectivelyProduct support revenues decreased 2.3% year over year with Parts sales decreasing to $67.9 million and Service revenues decreasing to $59.0 millionNew and used equipment sales decreased 3.7% to $287.1 millionNet loss available to common stockholders of $(11.4) million compared to $(2.7) million in 2023Basic and diluted net loss per share of $(0.34) compared to $(0.08) in 2023Adjusted basic and diluted pre-tax net (loss) income per share* of $(0.46) for 2024 compared t
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