Cubist Systematic Strategies LLC Acquires 7,303 Shares of Alamo Group Inc. (NYSE:ALG)

Cubist Systematic Strategies LLC lifted its position in Alamo Group Inc. (NYSE:ALG - Free Report) by 380.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,225 shares of the industrial products company's stock after acquiring an additional 7,303 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.08% of Alamo Group worth $1,715,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Alamo Group by 442.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock worth $38,000 after buying an additional 168 shares in the last quarter. KBC Group NV raised its stake in Alamo Group by 57.1% in the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 189 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in Alamo Group by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company's stock valued at $199,000 after purchasing an additional 69 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Alamo Group in the fourth quarter valued at approximately $200,000. Finally, Choreo LLC purchased a new stake in Alamo Group in the fourth quarter valued at approximately $201,000. Institutional investors own 92.36% of the company's stock.

Alamo Group Trading Up 0.6%

Shares of Alamo Group stock traded up $1.19 on Friday, hitting $203.21. The stock had a trading volume of 96,065 shares, compared to its average volume of 94,789. 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 $157.07 and a one year high of $205.62. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 20.46 and a beta of 1.02. The stock's 50-day simple moving average is $177.56 and its two-hundred day simple moving average is $184.37.

Alamo Group (NYSE:ALG - Get Free Report) last issued its earnings results on Thursday, May 8th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.32. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. The firm had revenue of $390.95 million for the quarter, compared to analysts' expectations of $391.08 million. As a group, sell-side analysts predict that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Wednesday, April 16th. Alamo Group's payout ratio is 12.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ALG shares. Industrial Alliance Securities set a $217.00 target price on shares of Alamo Group in a research note on Monday, March 3rd. StockNews.com upgraded shares of Alamo Group from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Baird R W cut shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Robert W. Baird cut shares of Alamo Group from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $224.00 to $177.00 in a research report on Friday, February 28th. Finally, DA Davidson reduced their price target on shares of Alamo Group from $217.00 to $195.00 and set a "buy" rating on the stock in a research report on Monday, April 21st.

Insider Buying and Selling

In other Alamo Group news, EVP Richard Hodges Raborn sold 500 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $201.84, for a total transaction of $100,920.00. Following the completion of the transaction, the executive vice president now owns 12,948 shares of the company's stock, valued at approximately $2,613,424.32. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $201.52, for a total value of $705,320.00. Following the transaction, the chief executive officer now directly owns 40,913 shares of the company's stock, valued at $8,244,787.76. This represents a 7.88% decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

Alamo Group Company Profile

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.