Arizona State Retirement System boosted its position in Alamo Group, Inc. (NYSE:ALG) by 227.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,031 shares of the industrial products company’s stock after acquiring an additional 11,131 shares during the quarter. Arizona State Retirement System owned 0.14% of Alamo Group worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. Capital Fund Management S.A. acquired a new position in Alamo Group in the fourth quarter valued at $214,000. Wells Fargo & Company MN boosted its holdings in Alamo Group by 8.8% in the fourth quarter. Wells Fargo & Company MN now owns 18,423 shares of the industrial products company’s stock valued at $2,080,000 after acquiring an additional 1,487 shares during the last quarter. Capital One National Association acquired a new position in Alamo Group in the fourth quarter valued at $722,000. LS Investment Advisors LLC boosted its holdings in Alamo Group by 202.6% in the fourth quarter. LS Investment Advisors LLC now owns 1,065 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 713 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Alamo Group by 5.0% in the fourth quarter. Swiss National Bank now owns 16,800 shares of the industrial products company’s stock valued at $1,896,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.
A number of research analysts recently weighed in on the company. ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Alamo Group currently has a consensus rating of “Hold” and an average price target of $105.00.
Alamo Group, Inc. (ALG) opened at $116.91 on Tuesday. The company has a market capitalization of $1,360.00, a PE ratio of 25.03 and a beta of 0.94. Alamo Group, Inc. has a one year low of $71.67 and a one year high of $120.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.34 and a current ratio of 3.87.
Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Thursday, March 1st. The industrial products company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The company had revenue of $243.26 million for the quarter, compared to analysts’ expectations of $229.40 million. Alamo Group had a return on equity of 12.07% and a net margin of 5.54%. sell-side analysts expect that Alamo Group, Inc. will post 5.37 EPS for the current year.
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Alamo Group Profile
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.
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