Alta Equipment Group Inc. (ALTG) Stock

About Alta Equipment Group Inc.

Alta Equipment Group Inc. (AEG) manages a comprehensive network of equipment dealerships throughout the United States. Its operations are divided into two primary divisions: Material Handling and Construction Equipment. Through its widespread branch network, the company offers sales, rentals, and comprehensive parts and service support for a diverse array of specialized machinery. This includes industrial lift trucks, elevated work platforms, earthmoving machinery, cranes, asphalt and paving equipment, and various other material handling and construction tools. Additionally, they provide ongoing repair and maintenance services for all equipment. Furthermore, AEG extends its offerings to include warehouse design and construction, as well as automated equipment installation and system integration solutions. The company caters to a broad clientele across diverse sectors, including manufacturing, food and beverage, wholesale and retail, construction, automotive, municipal and government entities, and healthcare. Established in 1984, Alta Equipment Group Inc. maintains its corporate headquarters in Livonia, Michigan.

Alta Equipment Group Inc. is led by CEO Ryan Greenawalt, employs 2,900 people, headquartered in US, publicly traded since 2019.

Alta Equipment Group Inc. (ALTG) stock trades at $6.38 with a market capitalization of $207.58M. The stock is valued at a price-to-earnings (P/E) ratio of -2.55, price-to-book of -7.42, price-to-sales of 0.11. Over the past 52 weeks the stock has ranged between $4.16 and $8.88, and currently trades 28.2% below its 52-week high. It pays a dividend yielding 3.57%.

On profitability, Alta Equipment Group Inc. generates a return on equity (ROE) of 888.89% — well above the market average, a sign of a high-quality business, return on capital employed of 2.07%, an operating margin of 1.25%, a net profit margin of -4.33%.

Official website: www.altg.com