Cambiar Investors LLC Has $1.54 Million Position in Alamo Group, Inc. $ALG

Key Points

• Cambiar Investors LLC reduced its holdings in Alamo Group, Inc. by 16.5%, selling 1,706 shares to hold a total of 8,646 shares worth approximately $1.54 million.
• Several hedge funds increased their stakes in Alamo Group during the same period, with some firms like CWM LLC increasing their holdings by over 520%.
• Equities analysts have upgraded Alamo Group's stock ratings, with notable upgrades from Wall Street Zen and Robert W. Baird, raising the price target to $260.00.

Cambiar Investors LLC reduced its position in shares of Alamo Group, Inc. (NYSE:ALG - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,646 shares of the industrial products company's stock after selling 1,706 shares during the period. Cambiar Investors LLC owned about 0.07% of Alamo Group worth $1,541,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ALG. Parallel Advisors LLC grew its stake in shares of Alamo Group by 80.0% in the 1st quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 72 shares during the last quarter. GAMMA Investing LLC increased its stake in Alamo Group by 110.6% in the 1st quarter. GAMMA Investing LLC now owns 238 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 125 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Alamo Group by 30.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 61 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Alamo Group in the 4th quarter valued at approximately $79,000. Finally, CWM LLC grew its holdings in Alamo Group by 520.9% during the 1st quarter. CWM LLC now owns 981 shares of the industrial products company's stock valued at $175,000 after buying an additional 823 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company's stock.

Alamo Group Stock Up 4.3%

ALG stock traded up $9.14 during trading on Friday, reaching $221.83. The stock had a trading volume of 84,974 shares, compared to its average volume of 85,311. The firm has a fifty day moving average price of $220.52 and a 200 day moving average price of $197.14. The company has a market capitalization of $2.69 billion, a P/E ratio of 22.59, a PEG ratio of 1.11 and a beta of 1.10. Alamo Group, Inc. has a 1-year low of $157.07 and a 1-year high of $233.29. The company has a current ratio of 4.56, a quick ratio of 2.76 and a debt-to-equity ratio of 0.18.

Alamo Group (NYSE:ALG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.57 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.12). Alamo Group had a net margin of 7.41% and a return on equity of 11.45%. The firm had revenue of $419.07 million during the quarter, compared to the consensus estimate of $406.75 million. On average, equities analysts anticipate that Alamo Group, Inc. will post 9.53 earnings per share for the current year.

Alamo Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Wednesday, July 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, July 16th. This represents a $1.20 annualized dividend and a dividend yield of 0.5%. Alamo Group's payout ratio is presently 12.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ALG shares. Robert W. Baird upgraded Alamo Group from a "neutral" rating to an "outperform" rating and increased their target price for the company from $209.00 to $260.00 in a report on Monday, August 4th. DA Davidson reiterated a "neutral" rating and set a $225.00 target price on shares of Alamo Group in a report on Tuesday, July 22nd. Wall Street Zen raised Alamo Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Baird R W upgraded Alamo Group from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Alamo Group presently has an average rating of "Buy" and an average price target of $234.00.

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.