Alta Equipment Group
ALTG on NYSE. Alta Equipment Group sells construction and material handling equipment, parts, and services to businesses. Market value $211m.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Capital spending looks too small to be complete, so we leave free cash flow out.
Recent profit includes a one-time gain, so we price the company excluding that gain.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Industrials stocks that passed both tests
This is not advice. Check the numbers below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 41 of 100. Price score: 16 of 100. Our list needs 70 on quality and 60 on price.
$6.45 a share, 55% above its 1-year low
Over the past year the price has ranged from $4.16 to $8.69.
Dividend: 1.4% a year
Paid every year for at least 5 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $1.2bn | $1.6bn | $1.9bn | $1.9bn | $1.8bn |
| Operating margin | |||||
| Operating margin | 1.5% | 2.6% | 2.9% | 1.0% | 1.3% |
| Debt to equity | |||||
| Debt to equity | 3.12 | 3.92 | 4.46 | 9.10 | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.03bn | 0.03bn | 0.03bn | 0.03bn | 0.03bn |
Health checks
- Free cash flow positiveNot enough data
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)5 of 9
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsStrong, 16.0% a year
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $476 million last quarter, down 1% on a year ago.
- A loss of $8 million, compared with a loss of $6 million a year ago.
- It keeps 1 cents of each $1 of sales as operating profit, about the same as a year earlier.
- 1% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $710 million more than cash, down from $731 million a year ago.
- Sales grew on a year ago in 1 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $449m |
| December 2024 | $498m |
| March 2025 | $423m |
| June 2025 | $481m |
| September 2025 | $423m |
| December 2025 | $509m |
| March 2026 | $411m |
| June 2026 | $476m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$28m |
| December 2024 | -$11m |
| March 2025 | -$21m |
| June 2025 | -$6m |
| September 2025 | -$42m |
| December 2025 | -$12m |
| March 2026 | -$20m |
| June 2026 | -$8m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 26 February 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
3 long-term investors we follow own it, unchanged from 3 last quarter. 132 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Voss CapitalTravis Cocke | $8m | 0.4% | Cut |
| First Eagle Investment ManagementMatthew McLennan | $7m | <0.1% | Added |
| Royce & AssociatesChuck Royce | $7m | <0.1% | Added |
Largest holders overall
- Mill Road Capital Management$28m
- BlackRock$11mAdded
- CastleKnight Management LP$10mAdded
- Nantahala Capital Management$9mAdded
- Voss Capital$8mCut
- Vanguard Capital Management$7m
- First Eagle Investment Management$7mAdded
- Royce & Associates$7mAdded
- State Street$3m
- AQR Capital Management$3mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- Mill Road Capital III, L.P.at least 13.3%(filed with 2 related holders)Since 21 January 2026
What they said
Item 4 of the Schedule 13D shall hereby be amended by inserting the following new paragraphs after the second paragraph: On January 21, 2026, (a) the Issuer and Deven Petito entered into a Board Observer Agreement (the "Board Observer Agreement") and (b) the Issuer and the Fund…
Read the filing - CastleKnight Master Fund LPPassive investorat least 5.5%(filed with 5 related holders)Since 2 July 2026
- Voss CapitalPassive investorat least 3.5%−4.3 pts(filed with 4 related holders)Since 30 June 2026
- BlackRock, Inc.Passive investorSold down below 5%Since 30 June 2025
| Holder | Stake | Since | |
|---|---|---|---|
Mill Road Capital III, L.P. | at least 13.3% (filed with 2 related holders) | 21 January 2026 | What they saidItem 4 of the Schedule 13D shall hereby be amended by inserting the following new paragraphs after the second paragraph: On January 21, 2026, (a) the Issuer and Deven Petito entered into a Board Observer Agreement (the "Board Observer Agreement") and (b) the Issuer and the Fund… Read the filing |
CastleKnight Master Fund LP Passive investor | at least 5.5% (filed with 5 related holders) | 2 July 2026 | |
Voss Capital Passive investor | at least 3.5%−4.3 pts (filed with 4 related holders) | 30 June 2026 | |
BlackRock, Inc. Passive investor | Sold down below 5% | 30 June 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $230,050 of shares on the open market. 2 sold $254,667.
- Nair SidharthaDirectorBought
- Date
- 11 March 2026
- Shares
- 1,000
- Price
- $6.37
- Value
- $6,370
- Nair SidharthaDirectorBought
- Date
- 9 March 2026
- Shares
- 1,000
- Price
- $6.75
- Value
- $6,750
- Nair SidharthaDirectorBought
- Date
- 5 March 2026
- Shares
- 1,000
- Price
- $7.00
- Value
- $7,000
- Nair SidharthaDirectorBought
- Date
- 3 March 2026
- Shares
- 1,000
- Price
- $7.13
- Value
- $7,130
- Colucci AnthonyChief Financial OfficerSold
- Date
- 3 March 2026
- Shares
- 8,137
- Price
- $7.05
- Value
- $57,366
- Greenawalt RyanChief Executive Officer, DirectorSold
- Date
- 3 March 2026
- Shares
- 27,986
- Price
- $7.05
- Value
- $197,301
- Shribman DanielDirectorBought
- Date
- 8 December 2025
- Shares
- 40,000
- Price
- $5.07
- Value
- $202,800
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 11 March 2026 | Nair Sidhartha Director | Bought | 1,000 | $6.37 | $6,370 |
| 9 March 2026 | Nair Sidhartha Director | Bought | 1,000 | $6.75 | $6,750 |
| 5 March 2026 | Nair Sidhartha Director | Bought | 1,000 | $7.00 | $7,000 |
| 3 March 2026 | Nair Sidhartha Director | Bought | 1,000 | $7.13 | $7,130 |
| 3 March 2026 | Colucci Anthony Chief Financial Officer | Sold | 8,137 | $7.05 | $57,366 |
| 3 March 2026 | Greenawalt Ryan Chief Executive Officer, Director | Sold | 27,986 | $7.05 | $197,301 |
| 8 December 2025 | Shribman Daniel Director | Bought | 40,000 | $5.07 | $202,800 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 26 Feb 2026, plus the 10-Q filed 6 Aug 2026 and 6 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.