Quantbot Technologies LP Has $557,000 Stock Holdings in Alamo Group Inc. (NYSE:ALG)

Quantbot Technologies LP reduced its position in Alamo Group Inc. (NYSE:ALG - Free Report) by 58.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,995 shares of the industrial products company's stock after selling 4,255 shares during the quarter. Quantbot Technologies LP's holdings in Alamo Group were worth $557,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Intech Investment Management LLC acquired a new stake in shares of Alamo Group in the 3rd quarter worth $484,000. Charles Schwab Investment Management Inc. raised its position in shares of Alamo Group by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 134,379 shares of the industrial products company's stock valued at $24,206,000 after buying an additional 7,203 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Alamo Group by 24.8% in the third quarter. BNP Paribas Financial Markets now owns 6,040 shares of the industrial products company's stock valued at $1,088,000 after purchasing an additional 1,202 shares during the last quarter. FORA Capital LLC boosted its position in shares of 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 acquiring an additional 88 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Alamo Group by 40.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the industrial products company's stock worth $325,000 after buying an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

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

Alamo Group Trading Up 0.9 %

ALG stock traded up $1.54 during mid-day trading on Tuesday, reaching $179.75. 71,943 shares of the stock traded hands, compared to its average volume of 89,869. The company has a market cap of $2.17 billion, a P/E ratio of 18.10 and a beta of 1.10. Alamo Group Inc. has a 52-week low of $163.74 and a 52-week high of $224.02. 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 stock's fifty day moving average is $184.71 and its 200-day moving average is $184.95.

Alamo Group (NYSE:ALG - Get Free Report) last posted its earnings results on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, topping the consensus estimate of $2.23 by $0.16. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. The firm had revenue of $385.32 million for the quarter, compared to the consensus estimate of $396.85 million. As a group, sell-side analysts expect that Alamo Group Inc. will post 9.53 earnings per share for the current year.

Alamo Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.67%. Alamo Group's payout ratio is presently 12.46%.

About Alamo Group

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.