Alta Equipment: Overlooked And Undervalued [Seeking Alpha]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Seeking Alpha
Play 32min Summary Alta's earnings power is more durable than appears with Parts & Services segment driving high margin, recurring revenue growth. Despite appearing highly levered, Alta enjoys subsidized floor plan financing and is well capitalized to weather temporary headwinds. Alta's rental fleet flexibility reveals hidden asset value and significant cash generation potential in the coming quarters. Driven by end-market tailwinds, Alta has a wide landscape for both organic growth and continued success in its consolidation strategy. Alta well-managed with insiders owning 27% of the company and is trading at the largest disconnect to intrinsic value since its 2020 IPO. Alistair Berg/DigitalVision via Getty Images Alta Equipment Group (NYSE: NYSE: ALTG ) operates 85 heavy equipment dealership locations in the Midwest, Northeast and Canada. Alta has long-standing partnerships with original equipment manufacturers (OEMs), such as Volvo ( OTCPK:VOLAF ) and Hyster-Yale,
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ALTG
News
- Alta Equipment: Q3 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
- Alta (NYSE:ALTG) Misses Q3 Sales Targets, Stock Drops 15.9% [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Announces Third Quarter 2024 Financial ResultsGlobeNewswire
- Alta Equipment Group Announces Date of Third Quarter 2024 Financial Results Release, Conference Call and WebcastGlobeNewswire
- Alta Equipment Group's (NYSE:ALTG) Dividend Will Be $0.057 [Yahoo! Finance]Yahoo! Finance
ALTG
Earnings
- 11/12/24 - Miss
ALTG
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- ALTG's page on the SEC website