Epoch Investment Partners Inc. Cuts Holdings in Alamo Group Inc. (NYSE:ALG)

Epoch Investment Partners Inc. lessened its stake in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 82.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,183 shares of the industrial products company's stock after selling 43,272 shares during the period. Epoch Investment Partners Inc. owned about 0.08% of Alamo Group worth $1,589,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd increased its position in Alamo Group by 62.4% during the 4th quarter. Quadrature Capital Ltd now owns 19,021 shares of the industrial products company's stock worth $4,002,000 after buying an additional 7,311 shares during the period. RK Capital Management LLC boosted its position in shares of Alamo Group by 81.2% during the 4th quarter. RK Capital Management LLC now owns 54,260 shares of the industrial products company's stock valued at $11,405,000 after purchasing an additional 24,310 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Alamo Group in the 1st quarter valued at about $1,067,000. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Alamo Group by 16.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 372,938 shares of the industrial products company's stock valued at $64,518,000 after buying an additional 52,250 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Alamo Group by 42.4% during the first quarter. Janus Henderson Group PLC now owns 172,320 shares of the industrial products company's stock worth $39,346,000 after buying an additional 51,292 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Alamo Group Stock Performance

ALG traded up $2.36 during midday trading on Tuesday, reaching $182.73. The company had a trading volume of 62,952 shares, compared to its average volume of 73,664. The business has a 50-day moving average of $180.12 and a two-hundred day moving average of $189.47. The company has a quick ratio of 2.52, a current ratio of 4.37 and a debt-to-equity ratio of 0.28. The company has a market cap of $2.20 billion, a P/E ratio of 16.20 and a beta of 1.07. Alamo Group Inc. has a 1 year low of $157.74 and a 1 year high of $231.40.

Alamo Group (NYSE:ALG - Get Free Report) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $2.35 earnings per share for the quarter, missing analysts' consensus estimates of $2.79 by ($0.44). Alamo Group had a return on equity of 13.51% and a net margin of 7.56%. The business had revenue of $416.30 million during the quarter. During the same quarter in the previous year, the business posted $3.03 EPS. As a group, equities research analysts predict that Alamo Group Inc. will post 10.23 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Tuesday, July 16th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, July 16th. Alamo Group's payout ratio is currently 9.25%.

Insider Buying and Selling at Alamo Group

In other news, EVP Richard Hodges Raborn sold 300 shares of the business's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $181.28, for a total transaction of $54,384.00. Following the completion of the sale, the executive vice president now directly owns 11,061 shares of the company's stock, valued at $2,005,138.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Richard Hodges Raborn sold 300 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.00. Following the completion of the sale, the executive vice president now owns 11,061 shares in the company, valued at $2,005,138.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward Rizzuti sold 322 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $178.29, for a total value of $57,409.38. Following the transaction, the executive vice president now owns 7,765 shares in the company, valued at $1,384,421.85. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Robert W. Baird dropped their price target on shares of Alamo Group from $223.00 to $217.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Finally, DA Davidson raised their price objective on shares of Alamo Group from $209.00 to $219.00 and gave the stock a "buy" rating in a report on Wednesday, August 28th.

Alamo Group 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.