An update from Alta Equipment Group ( (ALTG) ) is now available.
On May 1, 2025, Alta Equipment Group‘s Construction Equipment segment divested its aerial fleet rental business in Chicago for $18 million, aiming to reduce senior indebtedness. The Board increased the stock repurchase program from $20 million to $30 million and suspended the quarterly dividend, reallocating funds to enhance shareholder returns.
Spark’s Take on ALTG Stock
According to Spark, TipRanks’ AI Analyst, ALTG is a Neutral.
Alta Equipment Group’s overall score reflects its strengths in revenue stability and cash flow improvements but is tempered by profitability challenges, high leverage, and bearish technical indicators. The successful debt refinancing and dividend yield are positive factors, yet ongoing sales declines and weak margins present significant risks.
To see Spark’s full report on ALTG stock, click here.
More about Alta Equipment Group
Alta Equipment Group Inc. is a leading provider of premium material handling, construction, and environmental processing equipment and related services.
Average Trading Volume: 230,755
Technical Sentiment Signal: Sell
Current Market Cap: $158.3M
Learn more about ALTG stock on TipRanks’ Stock Analysis page.