Alta Equipment Group Inc. (NYSE:ALTG) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in shares of Alta Equipment Group Inc. (NYSE:ALTG) by 5.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,898 shares of the company’s stock after selling 4,556 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.22% of Alta Equipment Group worth $483,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC lifted its position in shares of Alta Equipment Group by 20.8% during the 4th quarter. SG Americas Securities LLC now owns 13,784 shares of the company’s stock valued at $90,000 after buying an additional 2,375 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Alta Equipment Group during the third quarter worth $160,000. Meixler Investment Management Ltd. lifted its holdings in Alta Equipment Group by 25.4% during the fourth quarter. Meixler Investment Management Ltd. now owns 33,192 shares of the company’s stock valued at $217,000 after purchasing an additional 6,717 shares in the last quarter. Rhumbline Advisers grew its position in shares of Alta Equipment Group by 5.7% in the fourth quarter. Rhumbline Advisers now owns 33,968 shares of the company’s stock valued at $222,000 after purchasing an additional 1,827 shares during the period. Finally, Barclays PLC grew its position in shares of Alta Equipment Group by 302.8% in the third quarter. Barclays PLC now owns 38,327 shares of the company’s stock valued at $258,000 after purchasing an additional 28,812 shares during the period. 73.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alta Equipment Group

In related news, COO Craig Brubaker sold 5,294 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $5.00, for a total transaction of $26,470.00. Following the completion of the sale, the chief operating officer now directly owns 98,640 shares in the company, valued at approximately $493,200. This trade represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 19.90% of the company’s stock.

Alta Equipment Group Stock Performance

ALTG opened at $4.71 on Tuesday. Alta Equipment Group Inc. has a twelve month low of $4.35 and a twelve month high of $13.67. The firm has a market capitalization of $154.90 million, a PE ratio of -2.77 and a beta of 1.81. The company has a current ratio of 1.35, a quick ratio of 0.43 and a debt-to-equity ratio of 7.45. The firm’s 50-day moving average price is $6.15 and its 200 day moving average price is $6.63.

Alta Equipment Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Saturday, February 15th were given a $0.057 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 4.84%. Alta Equipment Group’s dividend payout ratio (DPR) is presently -11.22%.

Analyst Upgrades and Downgrades

ALTG has been the subject of several research analyst reports. B. Riley started coverage on shares of Alta Equipment Group in a research report on Thursday, March 27th. They set a “buy” rating and a $10.00 price target for the company. Raymond James decreased their target price on Alta Equipment Group from $9.00 to $8.50 and set a “market perform” rating on the stock in a research report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Alta Equipment Group has a consensus rating of “Moderate Buy” and a consensus target price of $12.63.

Alta Equipment Group Company Profile

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.