Copeland Capital Management LLC Makes New $10.53 Million Investment in Alamo Group, Inc. $ALG

Key Points

• Copeland Capital Management bought a new stake of 62,728 shares in Alamo Group valued at about $10.53 million, representing roughly 0.52% ownership.
• Alamo missed quarterly estimates (EPS $1.70 vs. $2.06 est.; revenue $373.7M vs. $405.2M), with shares opening at $172.23 and analysts' average target at $225 (consensus rating: Moderate Buy).
• The company declared a quarterly dividend of $0.34 per share (annualized $1.36, ~0.8% yield), insiders made small trades (CEO bought 460 shares), and institutional investors own about 92.36% of the stock.

Copeland Capital Management LLC purchased a new stake in Alamo Group, Inc. (NYSE:ALG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 62,728 shares of the industrial products company's stock, valued at approximately $10,530,000. Copeland Capital Management LLC owned approximately 0.52% of Alamo Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ALG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Alamo Group by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,084 shares of the industrial products company's stock worth $1,084,000 after acquiring an additional 251 shares in the last quarter. Millennium Management LLC boosted its stake in Alamo Group by 164.7% in the 1st quarter. Millennium Management LLC now owns 63,588 shares of the industrial products company's stock worth $11,332,000 after purchasing an additional 39,564 shares during the period. Jones Financial Companies Lllp boosted its stake in Alamo Group by 3,140.0% in the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company's stock worth $58,000 after purchasing an additional 314 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Alamo Group by 12.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 36,162 shares of the industrial products company's stock worth $6,444,000 after purchasing an additional 4,062 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Alamo Group by 83.7% during the 2nd quarter. Invesco Ltd. now owns 77,385 shares of the industrial products company's stock worth $16,899,000 after purchasing an additional 35,248 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Alamo Group Stock Down 1.2%

Shares of ALG stock opened at $172.23 on Friday. The firm's fifty day moving average price is $179.78 and its two-hundred day moving average price is $179.81. The company has a current ratio of 4.57, a quick ratio of 2.82 and a debt-to-equity ratio of 0.17. Alamo Group, Inc. has a 1 year low of $156.29 and a 1 year high of $233.29. The firm has a market capitalization of $2.09 billion, a P/E ratio of 20.05, a PEG ratio of 1.06 and a beta of 1.20.

Alamo Group (NYSE:ALG - Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The industrial products company reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.36). The business had revenue of $373.65 million for the quarter, compared to analyst estimates of $405.18 million. Alamo Group had a return on equity of 10.04% and a net margin of 6.47%. On average, equities analysts predict that Alamo Group, Inc. will post 10.32 EPS for the current fiscal year.

Alamo Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.36 annualized dividend and a yield of 0.8%. Alamo Group's dividend payout ratio is 15.83%.

Insider Activity at Alamo Group

In related news, CEO Robert Paul Hureau purchased 460 shares of the firm's stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of $164.40 per share, for a total transaction of $75,624.00. Following the completion of the purchase, the chief executive officer directly owned 12,506 shares in the company, valued at $2,055,986.40. This trade represents a 3.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Edward Rizzuti sold 600 shares of the business's stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $170.93, for a total value of $102,558.00. Following the transaction, the executive vice president directly owned 10,857 shares in the company, valued at $1,855,787.01. This trade represents a 5.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.06% of the company's stock.

Analyst Ratings Changes

ALG has been the topic of several recent research reports. William Blair began coverage on Alamo Group in a research note on Monday, March 16th. They issued an "outperform" rating on the stock. DA Davidson reiterated a "neutral" rating and set a $190.00 price objective on shares of Alamo Group in a report on Monday, March 9th. Zacks Research lowered Alamo Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 5th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Alamo Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Alamo Group has an average rating of "Moderate Buy" and an average target price of $225.00.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.

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