1,391 Shares in Alamo Group Inc. (NYSE:ALG) Bought by TradeLink Capital LLC

TradeLink Capital LLC bought a new position in Alamo Group Inc. (NYSE:ALG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,391 shares of the industrial products company's stock, valued at approximately $259,000. Alamo Group comprises about 2.6% of TradeLink Capital LLC's holdings, making the stock its 16th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its holdings in Alamo Group by 4.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 672,728 shares of the industrial products company's stock worth $121,205,000 after purchasing an additional 30,826 shares during the period. Victory Capital Management Inc. raised its stake in shares of Alamo Group by 8.0% in the fourth quarter. Victory Capital Management Inc. now owns 448,718 shares of the industrial products company's stock worth $83,421,000 after buying an additional 33,294 shares during the period. State Street Corp lifted its position in shares of Alamo Group by 2.6% during the 3rd quarter. State Street Corp now owns 391,728 shares of the industrial products company's stock valued at $70,562,000 after buying an additional 10,013 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Alamo Group by 0.3% during the 3rd 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 period. Finally, Wellington Management Group LLP purchased a new stake in Alamo Group in the 3rd quarter worth approximately $35,759,000. Institutional investors own 92.36% of the company's stock.

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Wall Street Analyst Weigh In

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

Alamo Group Trading Down 0.3 %

ALG traded down $0.62 on Tuesday, reaching $185.92. 80,583 shares of the company traded hands, compared to its average volume of 105,811. The company has a market cap of $2.24 billion, a P/E ratio of 18.72 and a beta of 1.10. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. Alamo Group Inc. has a one year low of $163.74 and a one year high of $228.88. The firm has a fifty day simple moving average of $183.03 and a two-hundred day simple moving average of $184.21.

Alamo Group (NYSE:ALG - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $396.85 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. As a group, equities research analysts expect that Alamo Group Inc. will post 9.53 earnings per share for the current year.

Alamo Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, January 16th. This is a positive change from Alamo Group's previous quarterly dividend of $0.26. Alamo Group's payout ratio is 12.46%.

Insider Activity at Alamo Group

In other news, VP Janet S. Pollock sold 257 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $193.41, for a total transaction of $49,706.37. Following the sale, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. The trade was a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

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.