Wellington Management Group LLP Sells 4,675 Shares of Alamo Group Inc. (NYSE:ALG)

Wellington Management Group LLP lowered its holdings in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,843 shares of the industrial products company's stock after selling 4,675 shares during the period. Wellington Management Group LLP owned approximately 1.60% of Alamo Group worth $36,037,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ALG. Smartleaf Asset Management LLC raised its stake in shares of Alamo Group by 442.1% in the 4th 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. Lazard Asset Management LLC bought a new stake in shares of Alamo Group in the 4th quarter worth $79,000. KBC Group NV raised its stake in shares of Alamo Group by 57.1% in the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company's stock worth $97,000 after buying an additional 189 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Alamo Group by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company's stock worth $199,000 after buying an additional 69 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Alamo Group in the 4th quarter worth $200,000. Institutional investors own 92.36% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALG. DA Davidson decreased their target price on 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 cut Alamo Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Robert W. Baird cut Alamo Group from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $224.00 to $177.00 in a report on Friday, February 28th. Wall Street Zen upgraded Alamo Group from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Industrial Alliance Securities set a $217.00 target price on Alamo Group in a report on Monday, March 3rd.

Alamo Group Stock Performance

NYSE:ALG traded down $0.30 during mid-day trading on Wednesday, hitting $203.17. 32,841 shares of the company's stock traded hands, compared to its average volume of 95,785. The firm has a 50 day moving average of $180.83 and a two-hundred day moving average of $185.05. Alamo Group Inc. has a 12 month low of $157.07 and a 12 month high of $206.48. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 20.46 and a beta of 1.02. 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 posted its quarterly earnings results on Thursday, May 8th. The industrial products company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.33 by $0.32. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. The firm had revenue of $390.95 million during the quarter, compared to analysts' expectations of $391.08 million. On average, equities analysts forecast that Alamo Group Inc. will post 9.53 earnings per share for the current fiscal 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 given a dividend of $0.30 per share. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%. Alamo Group's dividend payout ratio (DPR) is presently 12.50%.

Insider Buying and Selling

In other Alamo Group news, CEO Jeffery Allen Leonard sold 3,500 shares of the stock in a transaction on Wednesday, May 14th. The stock was 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 in the company, valued at approximately $8,244,787.76. This trade represents a 7.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Hodges Raborn sold 500 shares of the stock in a transaction on Wednesday, May 14th. The shares were 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 owns 12,948 shares in the company, valued at $2,613,424.32. The trade was a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

Alamo Group 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.