Envestnet Asset Management Inc. Has $4.46 Million Stock Holdings in Alamo Group Inc. (NYSE:ALG)

Envestnet Asset Management Inc. raised its stake in Alamo Group Inc. (NYSE:ALG - Free Report) by 13.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,972 shares of the industrial products company's stock after acquiring an additional 2,915 shares during the quarter. Envestnet Asset Management Inc. owned about 0.20% of Alamo Group worth $4,457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ALG. Barclays PLC increased its holdings in shares of Alamo Group by 204.7% in the third quarter. Barclays PLC now owns 22,417 shares of the industrial products company's stock valued at $4,039,000 after purchasing an additional 15,061 shares in the last quarter. Geode Capital Management LLC boosted its stake in Alamo Group by 0.3% in the third quarter. Geode Capital Management LLC now owns 232,198 shares of the industrial products company's stock valued at $41,834,000 after acquiring an additional 670 shares during the last quarter. Virtu Financial LLC bought a new position in Alamo Group in the third quarter valued at approximately $273,000. Tidal Investments LLC boosted its stake in Alamo Group by 3.8% in the third quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company's stock valued at $557,000 after acquiring an additional 113 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Alamo Group by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 76,555 shares of the industrial products company's stock valued at $13,790,000 after acquiring an additional 9,710 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Industrial Alliance Securities set a $217.00 price objective on shares of Alamo Group in a research note on Monday, March 3rd. Baird R W cut shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Robert W. Baird cut shares of Alamo Group from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $224.00 to $177.00 in a research report on Friday, February 28th. StockNews.com cut shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, DA Davidson reduced their price target on shares of Alamo Group from $217.00 to $195.00 and set a "buy" rating on the stock in a research report on Monday, April 21st.

Alamo Group Stock Down 0.2 %

ALG stock traded down $0.26 during midday trading on Tuesday, hitting $168.41. The company's stock had a trading volume of 141,407 shares, compared to its average volume of 93,059. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. Alamo Group Inc. has a twelve month low of $157.07 and a twelve month high of $205.62. The company's fifty day moving average price is $176.92 and its 200 day moving average price is $183.34. The stock has a market capitalization of $2.04 billion, a P/E ratio of 16.96 and a beta of 1.00.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The industrial products company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.16. The company had revenue of $385.32 million for 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, equities research analysts predict that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.71%. Alamo Group's dividend 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.