Y Intercept Hong Kong Ltd Invests $1.19 Million in Alamo Group, Inc. $ALG

Y Intercept Hong Kong Ltd acquired a new stake in Alamo Group, Inc. (NYSE:ALG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,250 shares of the industrial products company’s stock, valued at approximately $1,193,000. Y Intercept Hong Kong Ltd owned 0.05% of Alamo Group as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in Alamo Group by 3,140.0% in the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after buying an additional 314 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Alamo Group in the second quarter worth approximately $87,000. Globeflex Capital L P purchased a new stake in Alamo Group in the second quarter valued at approximately $100,000. Tower Research Capital LLC TRC increased its position in Alamo Group by 152.4% during the second quarter. Tower Research Capital LLC TRC now owns 858 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 518 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Alamo Group during the second quarter worth approximately $202,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alamo Group news, CEO Robert Paul Hureau bought 600 shares of the stock in a transaction dated Thursday, November 13th. The stock was bought at an average cost of $167.77 per share, for a total transaction of $100,662.00. Following the completion of the purchase, the chief executive officer directly owned 11,588 shares of the company’s stock, valued at approximately $1,944,118.76. The trade was a 5.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have bought 1,058 shares of company stock valued at $175,209. Corporate insiders own 1.18% of the company’s stock.

Alamo Group Stock Performance

Alamo Group stock opened at $195.64 on Friday. The firm has a market capitalization of $2.37 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.08 and a beta of 1.12. Alamo Group, Inc. has a one year low of $156.29 and a one year high of $233.29. The stock’s 50 day moving average price is $177.23 and its 200 day moving average price is $191.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.72 and a current ratio of 4.43.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). The firm had revenue of $420.04 million for the quarter, compared to analysts’ expectations of $407.55 million. Alamo Group had a net margin of 7.20% and a return on equity of 11.11%. As a group, sell-side analysts expect that Alamo Group, Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 16th were issued a $0.34 dividend. The ex-dividend date was Friday, January 16th. This represents a $1.36 dividend on an annualized basis and a yield of 0.7%. This is an increase from Alamo Group’s previous quarterly dividend of $0.30. Alamo Group’s dividend payout ratio (DPR) is presently 14.11%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Alamo Group in a research note on Monday, December 29th. CJS Securities raised Alamo Group to a “strong-buy” rating in a research report on Thursday, December 11th. DA Davidson cut their price objective on Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Zacks Research upgraded Alamo Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Wall Street Zen downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alamo Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.33.

Alamo Group Company Profile

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.