Alamo Group, Inc. $ALG Stake Cut by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its holdings in Alamo Group, Inc. (NYSE:ALG) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,146 shares of the industrial products company’s stock after selling 7,286 shares during the quarter. Pacer Advisors Inc. owned approximately 0.27% of Alamo Group worth $5,564,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ALG. Wasatch Advisors LP bought a new position in shares of Alamo Group in the 2nd quarter worth about $51,427,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Alamo Group during the 4th quarter valued at about $39,213,000. Goldman Sachs Group Inc. raised its stake in Alamo Group by 239.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 157,291 shares of the industrial products company’s stock worth $26,404,000 after acquiring an additional 110,941 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Alamo Group by 72.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 230,180 shares of the industrial products company’s stock worth $38,641,000 after acquiring an additional 96,369 shares during the period. Finally, Wellington Management Group LLP bought a new position in Alamo Group in the fourth quarter worth about $13,049,000. Institutional investors own 92.36% of the company’s stock.

Alamo Group Trading Up 0.3%

Alamo Group stock opened at $161.83 on Tuesday. The company has a quick ratio of 2.45, a current ratio of 4.32 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $159.60 and a two-hundred day moving average price of $175.04. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 0.95 and a beta of 1.11. Alamo Group, Inc. has a 52-week low of $145.76 and a 52-week high of $233.29.

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

Alamo Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, April 15th. Alamo Group’s dividend payout ratio (DPR) is currently 16.27%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. DA Davidson cut their price target on Alamo Group from $190.00 to $188.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Weiss Ratings lowered Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, William Blair initiated coverage on Alamo Group in a research note on Monday, March 16th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $224.00.

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.