Alamo Group Inc. (NYSE:ALG) Stake Boosted by Amundi

Amundi increased its stake in Alamo Group Inc. (NYSE:ALG - Free Report) by 186.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,238 shares of the industrial products company's stock after purchasing an additional 3,412 shares during the period. Amundi's holdings in Alamo Group were worth $923,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its stake in Alamo Group by 442.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock valued at $38,000 after buying an additional 168 shares during the last quarter. KBC Group NV increased its holdings in shares of Alamo Group by 57.1% in the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company's stock worth $97,000 after acquiring an additional 189 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in Alamo Group by 192.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company's stock valued at $146,000 after purchasing an additional 534 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Alamo Group during the 4th quarter valued at about $200,000. Finally, Choreo LLC bought a new position in Alamo Group in the 4th quarter worth about $201,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ALG. Robert W. Baird cut Alamo Group from an "outperform" rating to a "neutral" rating and cut their price target for the company from $224.00 to $177.00 in a report on Friday, February 28th. Baird R W lowered Alamo Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Industrial Alliance Securities set a $217.00 price target on Alamo Group in a report on Monday, March 3rd. DA Davidson reduced their price objective on shares of Alamo Group from $219.00 to $217.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Finally, StockNews.com cut shares of Alamo Group from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th.

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Alamo Group Price Performance

Shares of NYSE ALG opened at $188.54 on Thursday. Alamo Group Inc. has a twelve month low of $163.74 and a twelve month high of $228.88. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average of $183.83 and a two-hundred day moving average of $184.33. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 18.99 and a beta of 1.10.

Alamo Group (NYSE:ALG - Get Free Report) last released its earnings results on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.23 by $0.16. The business had revenue of $385.32 million during the quarter, compared to analyst estimates of $396.85 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. As a group, analysts expect 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. Investors of record on Thursday, January 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.64%. 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 payout ratio is presently 12.46%.

Alamo Group Company Profile

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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