Alta Equipment Group Joins Russell 2000®, Russell 3000®, and Russell Microcap® Indexes
June 30 2020 - 7:30AM
Business Wire
Alta Equipment Group Inc. (NYSE: ALTG), a leading provider of
premium industrial and construction equipment and related services,
today announced that as part of the annual reconstitution of the
Russell stock indexes, Alta has joined the Russell 2000® Index, the
broad-market Russell 3000® Index, and the Russell Microcap® Index,
effective after the US market opened yesterday, June 29.
"Being added to the Russell 2000®, the Russell 3000®, and
Russell Microcap® Indexes is a significant milestone for our
company," said Ryan Greenawalt, CEO of Alta Equipment Group. "We
believe our inclusion will increase Alta’s exposure with a more
diverse group of institutional investors and help to drive interest
in the company within the broader investment community."
Annual reconstitution of the Russell indexes captures the 4,000
largest US stocks as of May 8, ranking them by total market
capitalization. Membership in the US all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the small-cap Russell 2000® Index as well as the appropriate growth
and value style indexes. FTSE Russell determines membership for its
Russell indexes primarily by objective, market-capitalization
rankings and style attributes.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $9 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® Index and the Russell
US Indexes reconstitution, go to the "Russell Reconstitution"
section on the FTSE Russell website.
About Alta Equipment Group Inc.
Alta owns and operates one of the largest integrated equipment
dealership platforms in the U.S. Through its branch network, the
Company sells, rents, and provides parts and service support for
several categories of specialized equipment, including lift trucks
and aerial work platforms, cranes, earthmoving equipment and other
industrial and construction equipment. Alta has operated as an
equipment dealership for 35 years and has developed a branch
network that includes 43 total locations across Michigan, Illinois,
Indiana, New England, New York and Florida. Alta offers its
customers a one-stop-shop for most of their equipment needs by
providing sales, parts, service, and rental functions under one
roof. Alta trades on the New York Stock Exchange under the ticker
“ALTG” and is a member of the Russell 2000®, the Russell 3000®, and
Russell Microcap® Indexes. More information can be found at
www.altaequipment.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200630005555/en/
Investors: Bob Jones / Taylor Krafchik Ellipsis
IR@altaequipment.com (646) 776-0886
Media: Glenn Moore Alta Equipment
glenn.moore@altaequipment.com (248) 305-2134
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