D. E. Shaw & Co. Inc. Buys 40,549 Shares of Alamo Group Inc. (NYSE:ALG)

D. E. Shaw & Co. Inc. boosted its position in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 279.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,068 shares of the industrial products company's stock after purchasing an additional 40,549 shares during the period. D. E. Shaw & Co. Inc. owned 0.46% of Alamo Group worth $10,238,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Alamo Group by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 721,154 shares of the industrial products company's stock valued at $134,070,000 after acquiring an additional 2,361 shares during the period. Allspring Global Investments Holdings LLC grew its position in Alamo Group by 4.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 672,728 shares of the industrial products company's stock worth $121,205,000 after acquiring an additional 30,826 shares during the last quarter. Victory Capital Management Inc. raised its position in Alamo Group by 8.0% during the 4th quarter. Victory Capital Management Inc. now owns 448,718 shares of the industrial products company's stock worth $83,421,000 after purchasing an additional 33,294 shares during the last quarter. Northern Trust Corp raised its holdings in Alamo Group by 7.7% during the 4th quarter. Northern Trust Corp now owns 167,285 shares of the industrial products company's stock worth $31,100,000 after purchasing an additional 11,930 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Alamo Group by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,045 shares of the industrial products company's stock valued at $26,222,000 after purchasing an additional 6,666 shares in the last quarter. Institutional investors own 92.36% of the company's stock.

Alamo Group Price Performance

Shares of ALG traded up $0.48 during mid-day trading on Tuesday, reaching $204.22. 2,723 shares of the stock traded hands, compared to its average volume of 94,412. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 20.50 and a beta of 1.02. Alamo Group Inc. has a 1 year low of $157.07 and a 1 year high of $205.62. The firm has a fifty day moving average price of $177.97 and a 200 day moving average price of $184.48. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21.

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

Alamo Group Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on ALG shares. 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 report on Friday, February 28th. DA Davidson decreased their price objective on Alamo Group from $217.00 to $195.00 and set a "buy" rating for the company in a report on Monday, April 21st. Industrial Alliance Securities set a $217.00 price objective on shares of Alamo Group in a report on Monday, March 3rd. Baird R W downgraded shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, StockNews.com raised shares of Alamo Group from a "hold" rating to a "buy" rating in a report on Monday, May 12th.

Insider Transactions at Alamo Group

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

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.