1 day Ago By Defense World Staff
Bank of New York Mellon Corp grew its holdings in Alta Equipment Group Inc. ( NYSE:ALTG – Free Report ) by 14.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 237,275 shares of the company’s stock after purchasing an additional 29,604 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.72% of Alta Equipment Group worth $1,908,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of ALTG. Mill Road Capital Management LLC boosted its holdings in shares of Alta Equipment Group by 23.5% in the 4th quarter.
Mill Road Capital Management LLC now owns 2,361,002 shares of the company’s stock valued at $29,206,000 after purchasing an additional 450,023 shares during the last quarter. Vanguard Group Inc. increased its stake in Alta Equipment Group by 0.
7% during the 1st quarter. Vanguard Group Inc. now owns 1,250,154 shares of the company’s stock worth $16,189,000 after buying an additional 8,962 shares during the period.
Granahan Investment Management LLC increased its stake in Alta Equipment Group by 11.4% during the 4th quarter. Granahan Investment Management LLC now owns 1,030,942 shares of the company’s stock worth $12,753,000 after buying an additional 105,783 shares during the period.
CIBC Private Wealth Group LLC increased its position in shares of Alta Equipment Group by 152.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 347,746 shares of the company’s stock worth $4,302,000 after purchasing an additional 209,759 shares during the last quarter.
Finally, Register Financial Advisors LLC increased its position in shares of Alta Equipment Group by 44.3% in the 2nd quarter. Register Financial Advisors LLC now owns 335,702 shares of the company’s stock worth $2,699,000 after purchasing an additional 103,071 shares during the last quarter.
73.58% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several research analysts have recently commented on ALTG shares.
DA Davidson decreased their price target on shares of Alta Equipment Group from $20.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, August 13th.
Raymond James reaffirmed a “market perform” rating and issued a $10.00 price target (down from $14.00) on shares of Alta Equipment Group in a research note on Friday, August 9th.
Insiders Place Their Bets In other Alta Equipment Group news, Director Andrew P. Studdert purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $5.
65 per share, with a total value of $56,500.00. Following the completion of the acquisition, the director now directly owns 86,591 shares of the company’s stock, valued at approximately $489,239.
15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . In other news, Director Andrew P.
Studdert bought 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $5.65 per share, for a total transaction of $56,500.
00. Following the completion of the transaction, the director now directly owns 86,591 shares in the company, valued at approximately $489,239.15.
The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, major shareholder Mill Road Capital Iii, L.P.
bought 75,486 shares of the stock in a transaction on Wednesday, July 31st. The shares were acquired at an average cost of $10.35 per share, with a total value of $781,280.
10. Following the acquisition, the insider now directly owns 3,969,494 shares in the company, valued at approximately $41,084,262.90.
The disclosure for this purchase can be found here . Over the last ninety days, insiders have bought 319,100 shares of company stock valued at $2,777,451. 19.
90% of the stock is currently owned by insiders. Alta Equipment Group Stock Performance Shares of ALTG opened at $6.70 on Wednesday.
The company’s 50 day moving average price is $7.87 and its 200 day moving average price is $9.46.
Alta Equipment Group Inc. has a 52 week low of $5.40 and a 52 week high of $13.
67. The company has a market capitalization of $222.08 million, a PE ratio of -31.
86 and a beta of 1.67. The company has a debt-to-equity ratio of 5.
81, a quick ratio of 0.47 and a current ratio of 1.37.
Alta Equipment Group ( NYSE:ALTG – Get Free Report ) last announced its earnings results on Wednesday, August 7th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.
04) by ($0.34). Alta Equipment Group had a negative return on equity of 13.
09% and a negative net margin of 0.95%. The firm had revenue of $488.
10 million during the quarter, compared to the consensus estimate of $497.57 million. During the same quarter last year, the business earned $0.
16 EPS. Research analysts expect that Alta Equipment Group Inc. will post -1.
04 EPS for the current fiscal year. Alta Equipment Group Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.
057 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.
23 dividend on an annualized basis and a dividend yield of 3.40%. Alta Equipment Group’s payout ratio is presently -104.
76%. Alta Equipment Group Profile ( Free Report ) Alta Equipment Group Inc owns and operates integrated equipment dealership platforms in the United States. It operates through three segments: Material Handling, Construction Equipment, and Master Distribution.
The company operates a branch network that 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. Further Reading Five stocks we like better than Alta Equipment Group What is a Stock Market Index and How Do You Use Them? Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? ESG Stocks, What Investors Should Know Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge Consumer Discretionary Stocks Explained Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for Alta Equipment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alta Equipment Group and related companies with MarketBeat.com's FREE daily email newsletter .
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