Analysts Offer Insights on Industrial Goods Companies: Alta Equipment Group (ALTG) and StandardAero, Inc. (SARO)
This article summarizes analyst ratings for Alta Equipment Group (ALTG) and StandardAero, Inc. (SARO). D.A. Davidson maintained a Hold rating for ALTG with an $8.00 price target, while Morgan Stanley maintained a Hold rating for SARO with a $34.00 price target. Both companies received generally neutral to moderate buy/strong buy consensus ratings from analysts across the board, with varying price targets and upsides.
Alta Equipment Group Inc. (NYSE:ALTG) Q1 2026 Earnings Call Transcript
Alta Equipment Group (NYSE: ALTG) reported a Q1 2026 revenue of $410.5 million, a 3% year-over-year decrease, and adjusted EBITDA of $28.1 million, attributing the softer performance to strong Q4 2025 equipment sales pull-forward and harsh winter conditions. Despite these headwinds, the company observed improving material handling bookings, stable construction demand, and expects profitability to improve in its Ecoverse segment due to renegotiated OEM pricing and tariff relief. Management remains confident in its full-year guidance, albeit slightly reduced, citing strong execution on capital discipline and increasing forward momentum as it enters the peak season.
Alta Equipment Group Announces First Quarter 2026 Financial Results
Alta Equipment Group (NYSE: ALTG) announced its financial results for the first quarter ended March 31, 2026, reporting a decrease in total revenues to $410.5 million and an Adjusted EBITDA of $28.1 million, down from the previous year. CEO Ryan Greenawalt noted increased momentum within the quarter, particularly in Material Handling bookings, and highlighted progress in optimizing their rental fleet and managing inventory. The company also updated its full-year 2026 Adjusted EBITDA guidance to a range between $167.5 million and $182.5 million.
Alta Equipment Group Q1 Earnings Call Highlights
Alta Equipment Group reported a 3% year-over-year revenue decline to $410.5 million and adjusted EBITDA of $28.1 million in Q1, primarily due to harsh winter weather and customers pulling equipment purchases into the previous quarter. Despite the shortfall, management noted improving Material Handling bookings and stable Construction Equipment demand, expecting the first quarter to be the low point of the year. The company lowered its full-year adjusted EBITDA guidance but anticipates stronger cash flow and reduced leverage by year-end, driven by rental fleet optimization and improving margins in other segments.
Earnings call transcript: Alta Equipment Group’s Q1 2026 results show mixed performance
Alta Equipment Group (ALTG) reported mixed Q1 2026 results, with EPS slightly beating expectations at -$0.55 but revenue missing forecasts at $410.5 million. The company experienced an organic revenue decline of 2.1% due to weakness in Material Handling used equipment sales, though Construction Equipment remained stable and operating cash flow improved significantly. Alta updated its FY 2026 EBITDA guidance to $167.5-$182.5 million and expects $100-$110 million in free cash flow, anticipating a stronger second half due to improving booking trends and resolving tariff impacts.
Earnings call transcript: Alta Equipment Group’s Q1 2026 results show mixed performance
Alta Equipment Group (ALTG) reported mixed Q1 2026 results, with earnings per share (EPS) slightly beating expectations at -$0.55, but revenue missing forecasts at $410.5 million. The company experienced a 2.1% organic revenue decline, primarily due to weakness in used equipment sales within the Material Handling segment, although its Construction Equipment segment showed stability. Despite a stock decline of 1.33% post-earnings, the company expects a stronger second half of the year driven by improving booking trends in Material Handling and infrastructure spending in Construction, and updated its EBITDA guidance to $167.5 million to $182.5 million for FY 2026.
Alta Equipment (NYSE: ALTG) files S-3/A to register $300M unsold securities
Alta Equipment Group Inc. (NYSE: ALTG) has filed an amended shelf registration statement (S-3/A) to register $300 million in unsold securities, carrying forward the filing fee from a prior registration. This amendment updates disclosures and allows for the future offering of various securities including common stock, preferred stock, depositary shares, debt securities, guarantees, warrants, and units. The net proceeds from any future offerings are intended for general corporate purposes, such as debt repayment, capital expenditures, working capital, acquisitions, or refinancing.
Alta Equipment Group Inc. Reports Earnings Results for the First Quarter Ended March 31, 2026
Alta Equipment Group Inc. reported its financial results for the first quarter ended March 31, 2026. The company experienced a decrease in sales and revenue compared to the previous year, with sales falling to USD 38.6 million and total revenue to USD 410.5 million. Despite the reduction in top-line figures, the net loss slightly improved to USD 19.5 million from USD 20.9 million year-over-year.
Alta Equipment posts $20.3M loss as rental equipment sales jump 44.5%
Alta Equipment Group (NYSE: ALTG) reported a Q1 2026 net loss of $20.3 million despite a 44.5% increase in rental equipment sales and a significant improvement in operating cash flow. Total revenues declined by 3% year-over-year, and Adjusted EBITDA also decreased. The company updated its full-year 2026 Adjusted EBITDA guidance, citing stronger Material Handling bookings and ongoing rental fleet optimization efforts.
Alta Equipment (ALTG) files S-3 to register $300M in unsold securities
Alta Equipment Group Inc. (ALTG) has filed an S-3 shelf registration statement to register $300 million in unsold securities for future offerings. This filing replaces a prior shelf registration and allows the company to offer various securities, including common stock, preferred stock, debt securities, and warrants, from time to time. The proceeds from these offerings are intended for general corporate purposes, such as debt repayment, capital expenditures, and acquisitions.
Alta Equipment Group Announces Date of First Quarter 2026 Financial Results Release, Conference Call and Webcast
Alta Equipment Group (NYSE: ALTG) announced it will release its first-quarter 2026 financial results after U.S. markets close on Thursday, May 7, 2026. Management will host a conference call and webcast at 5:00 p.m. Eastern Time on the same day to discuss the results and answer questions. The company, a leading provider of material handling and construction equipment, will issue a press release and supplementary presentation slides on its investor relations website prior to the call.
Alta Equipment Group (ALTG) Expected to Announce Earnings on Wednesday
Alta Equipment Group (NYSE: ALTG) is scheduled to release its Q1 2026 earnings on Wednesday, May 6th, with analysts forecasting a loss of ($0.59) per share and revenue of $424.18 million. The company missed EPS estimates in the previous quarter, reporting ($0.39) despite revenue exceeding expectations. ALTG stock currently trades around $8.09, and insiders have recently both bought and sold shares, while institutional ownership stands at approximately 73.6%.
Alta Equipment Group Inc. (NYSE:ALTG) Receives Average Recommendation of "Hold" from Analysts
Alta Equipment Group Inc. (NYSE:ALTG) has received an average "Hold" recommendation from five analysts, with a 12-month average price target of $12.17. Despite recent insider selling by the CEO and CFO, insiders still own about 19.90% of the company, and there has been significant insider acquisition in the last 90 days. The company reported a quarterly EPS miss but beat revenue estimates, though it shows weak profitability and a high debt-to-equity ratio.
Alta Equipment Group Inc. (NYSE:ALTG) Receives Consensus Recommendation of "Hold" from Brokerages
Five analysts have issued a "Hold" consensus recommendation for Alta Equipment Group Inc. (NYSE:ALTG), with an average one-year price target of $12.17 against a current share price of $5.20. Recent insider selling by the CEO and CFO has occurred, though insiders still own a significant portion of the company and have made recent purchases. The company's latest financial results showed mixed performance with revenue beating estimates but EPS missing, alongside negative profitability and high leverage.
Analysts Offer Insights on Industrial Goods Companies: Napco Security Technologies (NSSC) and Clean Harbors (CLH)
Two analysts have issued bullish ratings for companies in the Industrial Goods sector. D.A. Davidson analyst Matt Summerville reiterated a Buy rating for Napco Security Technologies (NSSC) with a price target of $52.00, while Truist Financial's Tobey Sommer maintained a Buy rating for Clean Harbors (CLH). Both companies received positive consensus ratings from analysts.
Alta Equipment (ALTG) Q4 2025 Earnings Transcript
Alta Equipment Group (ALTG) reported Q4 2025 results showing record equipment sales and improved earnings quality, despite a planned reduction in rental fleet and seasonal impacts. The company emphasized a focus on deleveraging, with net debt reduced by $25 million sequentially, and suspended its common dividend. Management anticipates sequential demand strengthening, particularly in the second half of 2026, driven by market normalization and strategic initiatives in product support and growth platforms like PeakLogix and Ecoverse.
Alta Equipment Group (NYSE:ALTG) CFO Anthony Colucci Sells 8,137 Shares
Alta Equipment Group (NYSE:ALTG) CFO Anthony Colucci sold 8,137 shares of the company's stock on March 3rd for approximately $57,366, reducing his stake by 3.27%. This transaction, disclosed in an SEC filing, occurred while ALTG traded around $7.29, displaying high leverage and negative profitability. Analysts currently hold a "Hold" consensus rating with an $11 price target, with institutional investors owning a significant portion of the stock.
Alta Equipment (NYSE: ALTG) CEO logs stock awards and tax-related sale
Alta Equipment Group Inc.'s CEO, Ryan Greenawalt, reported receiving 72,832 performance stock units and 115,837 restricted stock units on February 27, 2026. Subsequently, on March 3, 2026, Greenawalt sold 27,986 common shares at a weighted average price of $7.0496 to cover tax withholding obligations associated with the vesting of these equity awards. Following these transactions, his direct ownership in the company stands at 5,721,710 common shares.
[144] ALTA EQUIPMENT GROUP INC. SEC Filing
This article details an SEC Form 144 filing by Alta Equipment Group Inc. (ALTG), dated March 3, 2026. The filing indicates a proposed sale of securities, specifically 103,138 common shares, acquired by an Issuer on February 14, 2026, and to be sold through Raymond James & Associates on the NYSE. The document also includes information about the company's recent news, SEC filings, and stock data.
Alta Equipment CEO Ryan Greenawalt sells $197k in shares By Investing.com
Alta Equipment Group Inc. CEO Ryan Greenawalt sold 27,986 shares of the company's common stock for approximately $197,290 on March 3, 2026. This sale follows the acquisition of over 188,000 shares through performance and restricted stock units, and Greenawalt still directly owns over 5.7 million shares. The transaction occurs amidst a 58% year-to-date surge in the stock and positive fourth-quarter financial results for 2025, where the company surpassed EPS and revenue expectations.
Alta Equipment Group (NYSE:ALTG) Upgraded by Wall Street Zen to Hold Rating
Wall Street Zen has upgraded Alta Equipment Group (NYSE:ALTG) from a "sell" to a "hold" rating, contributing to a consensus "Hold" rating and $11.00 price target among analysts. This upgrade follows Alta Equipment Group's Q4 results beating revenue and EPS estimates, with management setting an adjusted EBITDA target of approximately $180M for 2026. Despite these positive developments and operational cash improvements, significant financial risks like a widened full-year net loss, negative ROE and net margins, and a high debt-to-equity ratio persist, making the stock sensitive to execution.
Alta Equipment logs record Q4 equipment sales but $83M loss
Alta Equipment Group (NYSE: ALTG) reported mixed financial results for Q4 and full-year 2025, with Q4 revenue up 2.2% to $509.1M, driven by record equipment sales exceeding $300M, but full-year revenue decreased 2.2% to $1.8359B. The company recorded a net loss of $12.5M in Q4 and a widened net loss of $83.3M for the full year 2025, yet provided an optimistic adjusted EBITDA guidance for 2026 ranging from $172.5M-$187.5M, signaling anticipated industry improvements and strategic benefits from a reduced cost base. The stock reacted positively to the news, gaining 6.15%.
Alta Equipment Group Inc. (NYSE:ALTG) Short Interest Up 26.7% in January
Alta Equipment Group (NYSE:ALGT) experienced a significant 26.7% increase in short interest in January, reaching 968,384 shares as of January 15th, representing about 3.8% of the company’s shares sold short. The stock currently trades around $6.70, with MarketBeat analysts giving it a consensus "Hold" rating and an average price target of $11, despite recent negative earnings per share and high debt-to-equity. Insider activity shows Director Daniel Shribman acquired 40,000 shares in December, increasing insider ownership to approximately 19.9%.
Alta Equipment appoints Mill Road representative as board observer By Investing.com
Alta Equipment Group Inc. (NYSE: ALTG) has appointed Deven Petito, a representative from Mill Road Capital III, L.P., as a non-voting observer to its Board of Directors following a cooperation agreement. Mill Road Capital is a significant shareholder, and this move aims to enhance long-term shareholder value. Despite a recent stock price increase year-to-date, Alta Equipment faces profitability challenges, a significant debt burden, and recent declines in Q3 2025 earnings.
Alta Equipment Group Inc. (NYSE:ALTG) Given Average Rating of "Hold" by Analysts
Seven analysts have issued a "Hold" consensus rating for Alta Equipment Group (NYSE:ALTG), with an average 1-year price target of $11.00. This comes despite a recent insider purchase of 40,000 shares by Director Daniel Shribman and institutional investor activity. The company has reported weak financials, including missed earnings and revenue, negative margins, and high debt.
Alta Equipment Group Inc. Approves Quarterly Dividend of $0.625 for Series A Preferred Stock
Alta Equipment Group Inc. announced a quarterly dividend of $0.625 per Series A Preferred share, payable on January 30, 2026, to shareholders of record by January 15, 2026. This move signals the company's financial stability and commitment to shareholder value, despite potential concerns about cash flow prioritization over reinvestment. Alta operates a large network of equipment dealerships across North America, offering comprehensive material handling, construction, and environmental processing equipment.
Alta Equipment Group Inc. (NYSE:ALTG) Receives Average Rating of "Hold" from Brokerages
Alta Equipment Group (NYSE:ALGT) has received a consensus "Hold" rating from seven brokerages, with an average 12-month target price of $11.00. The company reported a weak financial quarter, missing EPS and revenue estimates, and exhibits strained fundamentals including a high debt-to-equity ratio and negative margins. Insider transactions show Director Daniel Shribman increasing his stake, while institutional investors have also adjusted their holdings.
Alta Equipment Group (NYSE:ALTG) Director Daniel Shribman Buys 40,000 Shares
Daniel Shribman, a Director at Alta Equipment Group (NYSE:ALTG), recently purchased 40,000 shares of the company's stock for $202,800, increasing his total holdings to 131,393 shares. This insider buying comes amidst mixed signals for ALTG, including a significant earnings miss, high debt-to-equity ratio, and a consensus "Hold" rating from analysts with an $11 target.
Alta Equipment Group (ALTG) PT Cut to $7 by DA Davidson Following Q3 Earnings Miss
DA Davidson has cut its price target for Alta Equipment Group (ALTG) to $7 following the company's third-quarter earnings miss. This adjustment reflects an updated financial outlook after the disappointing quarterly performance.
What Catalysts Could Shift the Narrative for Alta Equipment Group Amid Analyst Downgrades?
Alta Equipment Group's stock (ALTG) has faced significant analyst downgrades, with its consensus price target dropping from $11.38 to $9.95 due to mixed market signals, tariff pressures, and a cautious growth outlook. Despite some analysts maintaining a "Buy" rating based on underlying strengths, firms like DA Davidson have become more bearish following a Q3 earnings miss, citing reduced EBITDA outlooks. The evolving narrative for ALTG indicates that future performance will largely depend on improved execution, cost control, and how the company navigates ongoing market challenges and leverages its acquisition strategy.
Alta Equipment Group Announces Third Quarter 2025 Financial Results
Alta Equipment Group Inc. announced its financial results for the third quarter ended September 30, 2025, with total revenues decreasing by $26.2 million year-over-year to $422.6 million. Despite a challenging market, the company's product support business remained strong, and October showed improved sales, particularly in Construction Equipment, driven by the OBBBA and interest rate cuts. Alta Equipment Group updated its full-year 2025 Adjusted EBITDA guidance to between $168.0 million and $172.0 million.
Alta Equipment (NYSE: ALTG) to report third quarter 2025 results; webcast at 5:00 p.m. ET
Alta Equipment Group (NYSE: ALTG) will report its third quarter 2025 financial results after U.S. markets close on Thursday, November 6, 2025. Management will host a conference call and webcast on the same day at 5:00 p.m. Eastern Time to discuss the results and answer questions. Investors can access the press release, supplementary presentation slides, and details for the conference call and webcast on the company's Investors website.
From Blueprint to Bunker: Massive Excavators Elevate Golf Course Developer's Work
Ryangolf Corporation, a certified golf course builder based in Deerfield Beach, Florida, has utilized massive excavators to expand their operations. The company, which specializes in golf course development, employs Volvo EC950 excavators and other Volvo equipment for large-scale projects, including building an aqua range and housing developments. This technology and a strong partnership with Alta Equipment Company enhance their productivity and capacity for tackling larger projects.
Weiss Ratings Reiterates "Sell (D-)" Rating for Alta Equipment Group (NYSE:ALTG)
Weiss Ratings has reiterated a "Sell (D-)" rating for Alta Equipment Group (NYSE:ALTG), while other analysts like Northland Securities have upgraded the stock to "outperform" with a $20.00 target. The stock is currently down 0.7% at $6.59, with a consensus "Moderate Buy" rating and a target price of $11.25 among analysts. Institutional investors have seen mixed activity, with some increasing stakes and others acquiring new positions.
$625 Preferred Dividend for Depositary Shares — Alta Equipment Group to Pay Oct 31; Series A Preferred
Alta Equipment Group (NYSE: ALTG) announced that its Board of Directors approved a quarterly dividend of $625 per Series A Cumulative Perpetual Preferred Share, equating to $0.625 per depositary share. The dividend will be paid on October 31, 2025, to shareholders of record as of October 15, 2025. This dividend declaration applies only to Series A preferred shareholders and does not impact common shareholders.
Alta Equipment Group’s COO Craig Brubaker sells $26,470 in stock By Investing.com
Alta Equipment Group's COO, Craig Brubaker, recently sold 5,294 shares of company stock worth approximately $26,470. This sale was made to cover tax withholding obligations related to vested performance and restricted stock units. The company faces financial challenges, with its stock trading near a 52-week low, despite a recent Buy rating from DA Davidson and anticipated modest growth for 2025 EBITDA.
Alta Equipment Group Elects Colin Wilson as Director
Alta Equipment Group Inc. (ALTG) has elected Colin Wilson, a veteran with over 40 years of experience in the materials handling industry, to its Board of Directors, effective September 1, 2024. Wilson's extensive background includes leadership roles at Hyster-Yale Group and various industry associations. CEO Ryan Greenawalt highlighted Wilson's industry knowledge and insights as beneficial for Alta's strategic expansion in the material handling segment.
Trucking inventory glut continues in March
The trucking industry is facing a continued inventory glut in March across all segments, leading to decreased asking and auction values for used heavy-duty, medium-duty, and semitrailer trucks. This surplus is exacerbated by declining shipments and anticipated decreases in Class 8 truck production, with analysts expecting the trend of rising inventory, repossessions, and lease returns to persist throughout the year. Older equipment is increasingly being offloaded to buyers in Mexico and Central/South America to address the excess inventory in the U.S. market.
Alta Equipment Group Acquires Ault Industries Expanding Construction Equipment Segment to Canada
Alta Equipment Group Inc. (NYSE: ALTG) has acquired Ault Industries Inc., a Canadian equipment distributor, marking Alta's first investment in Canada's construction segment. This acquisition expands Alta's product portfolio with new OEMs, including an exclusive distributorship with McCloskey, and diversifies its market presence into Ontario and Quebec's aggregate and mining industries. Ault generated approximately $50.3 million in revenue and $7.5 million in adjusted EBITDA for the trailing twelve months through June 30, 2023, and the acquisition is expected to immediately enhance Alta's free cash flow conversion, profitability, and earnings per share.
Alta Equipment Group Acquires Ault Industries Expanding Construction Equipment Segment to Canada
Alta Equipment Group Inc. has acquired Ault Industries Inc., a Canadian equipment distributor, marking Alta's entry into Canada's construction segment. This acquisition expands Alta's product portfolio with new OEMs, including an exclusive distributorship with McCloskey, and diversifies its market presence into Ontario and Quebec's aggregate and mining industries. Ault generated significant revenue and EBITDA, and the acquisition is expected to immediately benefit Alta's free cash flow, profitability, and earnings per share.
Alta eMobility, Nikola dealership expand service territory
Alta eMobility and Nikola Corp. are expanding their dealership territory into Michigan, offering electric and hydrogen fleets, charging solutions, and electrification strategies. This agreement makes Alta eMobility the exclusive provider of sales and service for Nikola's battery-electric and hydrogen fuel cell electric trucks in Michigan, growing Nikola's dealer network to 12 states. The expansion leverages Alta Equipment Group's existing sales and service operations in construction and material handling.
Alta Equipment Group To Acquire Ecoverse Industries
Alta Equipment Group announced its definitive agreement to acquire Ecoverse Industries, a distributor of environmental processing equipment. This acquisition establishes Alta's master dealer equipment distribution platform in North America, expanding its product portfolio and diversifying its markets by entering the environmental processing equipment sector. Ecoverse, with reported revenue of $64.3 million, net income of $10.0 million, and Adjusted EBITDA of $10.1 million on a trailing twelve-month basis, is expected to immediately boost Alta's free cash flow conversion, profitability, and earnings per share.
Alta Equipment Group in Livonia Acquires Ohio Equipment Distributor for $51M
Alta Equipment Group Inc. in Livonia has agreed to acquire Ecoverse Industries, an Ohio-based distributor of environmental processing equipment, for $51 million. This acquisition gives Alta exclusive North American distribution rights for several European equipment OEMs and is expected to boost future parts and service growth. Ecoverse will retain its brand, employees, and management team, and the deal is anticipated to close in Q4 2022.
Livonia’s Alta Equipment Group Purchases Northern Michigan Dealer
Alta Equipment Group in Livonia has finalized an agreement to acquire Ginop Sales Inc., an equipment distributor with three locations in Northern Michigan. This acquisition will expand Alta's construction equipment presence to ten locations within Michigan and strengthen its relationship with Kubota. The transaction is expected to close before the end of the year, adding Ginop's $65 million in revenue and $6.5 million EBIT to Alta's operations.
Alta Equipment Group to acquire Hilo Equipment & Services
Alta Equipment Group announced its agreement to acquire NY-based Hilo Equipment & Services, adding three depots to its network and strengthening its presence in the northeastern U.S. This acquisition follows other strategic purchases earlier in 2020, aligning with Alta's growth strategy and aiming to expand its distribution footprint. Hilo generated approximately $50 million in revenue in fiscal year 2019.
Alta Equipment Group (NYSE:ALTG) - Stock Analysis
This Simply Wall St stock analysis of Alta Equipment Group (NYSE:ALTG) highlights key financial metrics, a valuation analysis, and recent news. The company is trading significantly below its estimated fair value but faces risks including unprofitability and substantial insider selling. The report also details market performance, dividend information, and analyst consensus targets, with varying outlooks on future growth drivers such as infrastructure investment and automation.
Alta Equipment Acquires NITCO, Northland JCB
Alta Equipment Co. has agreed to acquire Northland Industrial Truck Co., Inc. (NITCO), expanding Alta's operations into the New England market. This acquisition includes NITCO's construction equipment group, Northland JCB, and adds six branch locations. NITCO will continue to operate as a wholly owned subsidiary with its current leadership, maintaining its existing business operations.
