Advantage Alpha Capital Partners LP reduced its position in Alamo Group Inc. (NYSE:ALG - Free Report) by 8.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,270 shares of the industrial products company's stock after selling 1,462 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.13% of Alamo Group worth $2,839,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in Alamo Group in the third quarter worth approximately $484,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Alamo Group by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,379 shares of the industrial products company's stock valued at $24,206,000 after purchasing an additional 7,203 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of Alamo Group by 63.1% during the 3rd quarter. Quantbot Technologies LP now owns 7,250 shares of the industrial products company's stock valued at $1,306,000 after purchasing an additional 2,806 shares during the last quarter. BNP Paribas Financial Markets raised its position in Alamo Group by 24.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,040 shares of the industrial products company's stock worth $1,088,000 after purchasing an additional 1,202 shares during the period. Finally, FORA Capital LLC lifted its stake in Alamo Group by 6.7% in the third quarter. FORA Capital LLC now owns 1,397 shares of the industrial products company's stock worth $252,000 after purchasing an additional 88 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.
Alamo Group Trading Down 2.9 %
ALG traded down $5.45 during midday trading on Friday, reaching $180.66. 47,671 shares of the company's stock traded hands, compared to its average volume of 89,994. Alamo Group Inc. has a 52 week low of $163.74 and a 52 week high of $227.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. The firm has a fifty day moving average of $184.91 and a two-hundred day moving average of $184.76. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 18.19 and a beta of 1.10.
Alamo Group (NYSE:ALG - Get Free Report) last announced its earnings results on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $0.16. The company had revenue of $385.32 million during the quarter, compared to the consensus estimate of $396.85 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. On average, equities analysts anticipate that Alamo Group Inc. will post 9.53 earnings per share for the current fiscal year.
Alamo Group Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Thursday, January 16th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.66%. This is a boost from Alamo Group's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, January 16th. Alamo Group's dividend payout ratio (DPR) is currently 12.46%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on ALG. DA Davidson decreased their price objective on Alamo Group from $219.00 to $217.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Robert W. Baird cut Alamo Group from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $224.00 to $177.00 in a research note on Friday, February 28th. Baird R W lowered Alamo Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Industrial Alliance Securities set a $217.00 target price on shares of Alamo Group in a research note on Monday, March 3rd. Finally, StockNews.com cut shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th.
Get Our Latest Research Report on Alamo Group
About Alamo Group
(
Free Report)
Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor - and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.
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