ALTG official logo ALTG
ALTG 1-star rating from Upturn Advisory
Alta Equipment Group Inc (ALTG) company logo

Alta Equipment Group Inc (ALTG)

Alta Equipment Group Inc (ALTG) 1-star rating from Upturn Advisory
$5.01
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PASS
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Upturn Stock price based on last close icon Stock price based on last close
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Upturn Advisory Summary

11/10/2025: ALTG (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

1 star rating from financial analysts

4 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $11.38

1 Year Target Price $11.38

Analysts Price Target For last 52 week
$11.38 Target price
52w Low $3.5
Current$5.01
52w High $8.99

Analysis of Past Performance

Type Stock
Historic Profit -65.45%
Avg. Invested days 24
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/10/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 169.56M USD
Price to earnings Ratio -
1Y Target Price 11.38
Price to earnings Ratio -
1Y Target Price 11.38
Volume (30-day avg) 4
Beta 1.53
52 Weeks Range 3.50 - 8.99
Updated Date 11/10/2025
52 Weeks Range 3.50 - 8.99
Updated Date 11/10/2025
Dividends yield (FY) 1.94%
Basic EPS (TTM) -2.5

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-11-05
When -
Estimate -0.186
Actual -1.101

Profitability

Profit Margin -4.34%
Operating Margin (TTM) 1.14%

Management Effectiveness

Return on Assets (TTM) 0.86%
Return on Equity (TTM) -160.65%

Valuation

Trailing PE -
Forward PE 222.22
Enterprise Value 1393041697
Price to Sales(TTM) 0.09
Enterprise Value 1393041697
Price to Sales(TTM) 0.09
Enterprise Value to Revenue 0.75
Enterprise Value to EBITDA 8.24
Shares Outstanding 32235283
Shares Floating 16320724
Shares Outstanding 32235283
Shares Floating 16320724
Percent Insiders 27.47
Percent Institutions 67.59

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Alta Equipment Group Inc

Alta Equipment Group Inc(ALTG) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Alta Equipment Group Inc. was founded in 1984. Initially focused on material handling equipment, it expanded through acquisitions and organic growth to offer a broader range of industrial and construction equipment solutions.

Company business area logo Core Business Areas

  • Material Handling: Sales, rental, and service of forklifts, warehousing solutions, and related equipment.
  • Construction Equipment: Sales, rental, and service of heavy construction equipment, including excavators, loaders, and dozers.
  • Rental: Short term rental of equipment from both Material Handling and Construction.
  • Service: Maintenance, repair, parts and service programs to support their fleet of equipment.

leadership logo Leadership and Structure

Ryan Greenawalt serves as CEO. The company operates with a regional organizational structure within its core business segments.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Forklifts: Sales and service of various forklift brands, primarily Hyster-Yale. Estimated market share within their service areas is approximately 10-15%. Competitors include Toyota Material Handling, Crown Equipment, and Mitsubishi Logisnext Americas.
  • Construction Equipment: Sales and service of construction equipment from brands like Volvo Construction Equipment and Sennebogen. Market share varies regionally; approximately 5-10% in served areas. Competitors include Caterpillar, Komatsu, and John Deere.

Market Dynamics

industry overview logo Industry Overview

The industrial and construction equipment market is cyclical, driven by economic growth, infrastructure spending, and construction activity. Increased demand due to government spending and supply chain pressures are also in play.

Positioning

Alta Equipment Group Inc. positions itself as a solutions provider, offering a range of equipment and services. Their geographic diversification helps mitigate risk.

Total Addressable Market (TAM)

The North American industrial and construction equipment market is estimated at hundreds of billions of dollars. Alta targets specific regions and customer segments, representing a fraction of the overall TAM, but a significant opportunity for growth. They address a TAM in the billions.

Upturn SWOT Analysis

Strengths

  • Diversified product offerings
  • Strong relationships with key suppliers
  • Extensive service network
  • Experienced management team

Weaknesses

  • Reliance on cyclical industries
  • High capital expenditure requirements
  • Integration risks from acquisitions
  • Debt Levels

Opportunities

  • Expansion into new geographic markets
  • Increased infrastructure spending
  • Growth in e-commerce and online services
  • Increased automation in construction and manufacturing

Threats

  • Economic downturns
  • Increased competition
  • Fluctuations in commodity prices
  • Supply chain disruptions
  • Rising interest rates

Competitors and Market Share

Key competitor logo Key Competitors

  • United Rentals Inc (URI)
  • Herc Holdings Inc (HRI)
  • Ashtead Group plc (ASHTY)

Competitive Landscape

Alta Equipment Group Inc. competes with larger national players like United Rentals and smaller regional distributors. They differentiate themselves through their focus on specific industries and their service capabilities.

Major Acquisitions

H.M. Cross & Sons, Inc

  • Year: 2022
  • Acquisition Price (USD millions): 15.5
  • Strategic Rationale: Expands geographic presence in New York and strengthens service capabilities in crane equipment.

Growth Trajectory and Initiatives

Historical Growth: Alta Equipment Group Inc. has grown rapidly through acquisitions and organic expansion.

Future Projections: Analysts project continued revenue growth, driven by acquisitions and increased demand. Profitability is expected to improve.

Recent Initiatives: Recent initiatives include expanding into new territories and investing in digital platforms.

Summary

Alta Equipment is a growth-oriented company with a solid strategy in equipment sales, rentals, and service but has modest market share. Acquisitions drive expansion. The company must manage its debt and maintain profitability within cyclical markets. Economic downturns pose the biggest risk.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company filings (10-K, 10-Q)
  • Investor presentations
  • Analyst reports
  • Industry publications

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Market conditions and company performance can change.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Alta Equipment Group Inc

Exchange NYSE
Headquaters Livonia, MI, United States
IPO Launch date 2019-04-25
CEO & Chairman Mr. Ryan Greenawalt
Sector Industrials
Industry Rental & Leasing Services
Full time employees 2900
Full time employees 2900

Alta Equipment Group Inc. owns and operates integrated equipment dealership platforms in the United States and Canada. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution. The company sells, rents, and provides parts and service support for various categories of specialized equipment, including lift trucks and other material handling equipment, heavy and compact earthmoving equipment, crushing and screening equipment, environmental processing equipment, cranes and aerial work platforms, paving and asphalt equipment, and other construction equipment and related products. It also sells used equipment and replacement parts. In addition, the company offers repair and maintenance services for its equipment. In addition, the company designs and builds warehouses; provides automated equipment installation and system integration solutions; and distributes heavy construction and environmental processing equipment. It serves various manufacturing, food and beverage, automotive, municipal/government, education, pharmaceutical and medical, wholesale and retail distribution, construction, agriculture, road building, mining, recycling, and waste management sectors. Alta Equipment Group Inc. was founded in 1984 and is headquartered in Livonia, Michigan.