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
- Analysts Have Been Trimming Their Alta Equipment Group Inc. (NYSE:ALTG) Price Target After Its Latest Report [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Inc. (NYSE: ALTG) had its price target lowered by analysts at Raymond James from $10.00 to $9.00. They now have a "market perform" rating on the stock.MarketBeat
- Alta Equipment Group Inc. (NYSE: ALTG) was downgraded by analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating.MarketBeat
- Alta Equipment Group Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Inc. (NYSE: ALTG) had its "market perform" rating re-affirmed by analysts at Northland Securities. They now have a $20.00 price target on the stock, down previously from $30.00.MarketBeat
ALTG
Earnings
- 11/12/24 - Miss
ALTG
Sec Filings
- 12/20/24 - Form 4
- 12/18/24 - Form 4
- 11/13/24 - Form SC
- ALTG's page on the SEC website