Why Alta Equipment Group Is Reeling [Seeking Alpha]
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Seeking Alpha
Follow Summary Alta Equipment Group Inc. stock is down some 45% in 2024 year to date as the company has delivered a couple of disappointing quarters. The company specializes in equipment rental and sales and has made several acquisitions to power growth. Alta Equipment Group restructured its balance sheet this spring, and a beneficial owner has been purchasing shares recently. An analysis of Alta Equipment Group follows in the paragraphs below. Looking for a helping hand in the market? Members of The Insiders Forum get exclusive ideas and guidance to navigate any climate. Learn More » Luca Piccini Basile/iStock via Getty Images Today we take a look at equipment dealer Alta Equipment Group Inc. ( NYSE: ALTG whose stock has been under considerable pressure in 2024 (down 45% YTD) thanks to a couple of disappointing quarters. With net leverage north of 4 after a multi-year acquisition spree and a refinancing that pushed the maturity of its debt to 2029, and some recent in
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ALTG
News
- Unpacking Q2 Earnings: Alta (NYSE:ALTG) In The Context Of Other Specialty Equipment Distributors Stocks [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Elects Colin Wilson as Director [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Alta Equipment Group Elects Colin Wilson as DirectorGlobeNewswire
- Alta Equipment Group: More Than 100% Upside As Cash Piles Up In Coming Quarters [Seeking Alpha]Seeking Alpha
- Alta Equipment Group Inc. (NYSE: ALTG) had its price target lowered by analysts at DA Davidson from $20.00 to $12.00. They now have a "buy" rating on the stock.MarketBeat
ALTG
Earnings
- 8/7/24 - Beat
ALTG
Sec Filings
- 9/9/24 - Form 3
- 9/4/24 - Form 3
- 9/4/24 - Form SC
- ALTG's page on the SEC website