Jump Financial LLC Lowers Stock Holdings in Alamo Group Inc. (NYSE:ALG)

Jump Financial LLC lessened its stake in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 36.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,827 shares of the industrial products company's stock after selling 3,357 shares during the period. Jump Financial LLC's holdings in Alamo Group were worth $1,083,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Alamo Group by 442.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 168 shares in the last quarter. Barclays PLC increased its stake in Alamo Group by 204.7% during the 3rd 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. Charles Schwab Investment Management Inc. increased its stake in Alamo Group by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,045 shares of the industrial products company's stock valued at $26,222,000 after purchasing an additional 6,666 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 worth $13,790,000 after buying an additional 9,710 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Alamo Group by 63.9% in the fourth quarter. Intech Investment Management LLC now owns 4,405 shares of the industrial products company's stock worth $819,000 after buying an additional 1,718 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

Alamo Group Stock Up 0.3 %

Alamo Group stock opened at $167.40 on Monday. Alamo Group Inc. has a one year low of $157.07 and a one year high of $208.66. The stock has a fifty day moving average of $179.57 and a 200 day moving average of $183.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The stock has a market cap of $2.02 billion, a PE ratio of 16.86 and a beta of 1.00.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly 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 firm 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, sell-side analysts predict that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The firm also recently declared 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. This represents a $1.20 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Wednesday, April 16th. 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.

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