Schonfeld Strategic Advisors LLC Boosts Stock Position in Alamo Group Inc. (NYSE:ALG)

Schonfeld Strategic Advisors LLC increased its holdings in Alamo Group Inc. (NYSE:ALG - Free Report) by 125.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,400 shares of the industrial products company's stock after buying an additional 3,000 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Alamo Group were worth $1,004,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Barclays PLC lifted its position in shares of Alamo Group by 204.7% during the third quarter. Barclays PLC now owns 22,417 shares of the industrial products company's stock worth $4,039,000 after acquiring an additional 15,061 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Alamo Group by 3.8% during the 3rd quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company's stock valued at $557,000 after purchasing an additional 113 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Alamo Group by 14.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,555 shares of the industrial products company's stock valued at $13,790,000 after purchasing an additional 9,710 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Alamo Group by 0.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 46,735 shares of the industrial products company's stock worth $8,689,000 after purchasing an additional 286 shares in the last quarter. Finally, Argent Capital Management LLC boosted its stake in Alamo Group by 38.8% in the 4th quarter. Argent Capital Management LLC now owns 4,239 shares of the industrial products company's stock worth $788,000 after purchasing an additional 1,184 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Alamo Group Price Performance

Shares of NYSE:ALG traded up $3.98 on Tuesday, hitting $203.74. The company's stock had a trading volume of 16,697 shares, compared to its average volume of 93,617. The company has a market capitalization of $2.46 billion, a PE ratio of 20.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. The company has a 50-day simple moving average of $176.16 and a 200 day simple moving average of $183.54. Alamo Group Inc. has a 1 year low of $157.07 and a 1 year high of $205.62.

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

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Wednesday, April 16th. Alamo Group's dividend payout ratio (DPR) is currently 12.50%.

Wall Street Analysts Forecast Growth

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

About Alamo Group

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.