AlphaQuest LLC Reduces Position in Alamo Group, Inc. $ALG

AlphaQuest LLC cut its holdings in shares of Alamo Group, Inc. (NYSE:ALG) by 46.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,326 shares of the industrial products company’s stock after selling 8,084 shares during the period. AlphaQuest LLC’s holdings in Alamo Group were worth $1,566,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC boosted its position in shares of Alamo Group by 136.2% during the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the industrial products company’s stock valued at $52,000 after buying an additional 177 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Alamo Group by 3,140.0% in the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 314 shares during the last quarter. MAI Capital Management purchased a new position in Alamo Group in the third quarter worth about $73,000. Hantz Financial Services Inc. boosted its position in Alamo Group by 861.5% in the fourth quarter. Hantz Financial Services Inc. now owns 500 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 448 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Alamo Group in the second quarter worth about $87,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ALG shares. DA Davidson lowered their target price on Alamo Group from $190.00 to $188.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Zacks Research upgraded Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings cut Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, William Blair began coverage on Alamo Group in a research report on Monday, March 16th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $224.00.

Alamo Group Trading Up 1.3%

ALG stock opened at $154.54 on Thursday. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 0.90 and a beta of 1.17. The business has a 50 day simple moving average of $164.86 and a two-hundred day simple moving average of $176.17. Alamo Group, Inc. has a 1-year low of $145.76 and a 1-year high of $233.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.32 and a quick ratio of 2.45.

Alamo Group (NYSE:ALG) last posted its earnings results on Monday, May 4th. The industrial products company reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.36. The company had revenue of $417.15 million during the quarter, compared to analysts’ expectations of $398.02 million. Alamo Group had a net margin of 6.21% and a return on equity of 9.71%. Research analysts anticipate that Alamo Group, Inc. will post 10.61 EPS for the current fiscal year.

Alamo Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, April 15th. Alamo Group’s dividend payout ratio is 16.27%.

Insider Transactions at Alamo Group

In other news, EVP Edward Rizzuti sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $170.93, for a total transaction of $102,558.00. Following the sale, the executive vice president directly owned 10,857 shares of the company’s stock, valued at $1,855,787.01. This represents a 5.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Paul Hureau acquired 460 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were purchased at an average cost of $164.40 per share, for a total transaction of $75,624.00. Following the completion of the acquisition, the chief executive officer directly owned 12,506 shares in the company, valued at approximately $2,055,986.40. This represents a 3.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.06% of the company’s stock.

Alamo Group 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.