Alamo Group, Inc. $ALG Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. reduced its stake in Alamo Group by 45.6%, now holding 4,938 shares valued at $880,000 as per recent SEC filings.
• CEO Jeffery Allen Leonard sold 2,500 shares of Alamo Group stock for approximately $555,475, reducing his ownership by 6.11%.
• Institutional investors own 92.36% of Alamo Group's stock, with recent activity including significant increases in holdings by firms such as Parallel Advisors and GAMMA Investing.

Epoch Investment Partners Inc. cut its stake in Alamo Group, Inc. (NYSE:ALG - Free Report) by 45.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,938 shares of the industrial products company's stock after selling 4,136 shares during the period. Epoch Investment Partners Inc.'s holdings in Alamo Group were worth $880,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ALG. Parallel Advisors LLC boosted its position in shares of Alamo Group by 80.0% in the first quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company's stock worth $29,000 after acquiring an additional 72 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Alamo Group by 110.6% in the first quarter. GAMMA Investing LLC now owns 238 shares of the industrial products company's stock worth $42,000 after acquiring an additional 125 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Alamo Group by 30.0% in the first quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company's stock worth $47,000 after acquiring an additional 61 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Alamo Group by 31.6% in the first quarter. Smartleaf Asset Management LLC now owns 271 shares of the industrial products company's stock worth $49,000 after acquiring an additional 65 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Alamo Group in the fourth quarter worth approximately $79,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALG has been the topic of several research analyst reports. Robert W. Baird raised shares of Alamo Group from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $209.00 to $260.00 in a research report on Monday, August 4th. Wall Street Zen lowered shares of Alamo Group from a "buy" rating to a "hold" rating in a report on Sunday, August 24th. Baird R W upgraded shares of Alamo Group from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. Finally, DA Davidson restated a "neutral" rating and issued a $225.00 price target on shares of Alamo Group in a report on Tuesday, July 22nd. One 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, the stock has a consensus rating of "Buy" and a consensus target price of $234.00.

Alamo Group Stock Performance

Alamo Group stock traded down $3.94 during mid-day trading on Monday, reaching $211.07. The company's stock had a trading volume of 97,703 shares, compared to its average volume of 84,169. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 1.10 and a beta of 1.10. The business has a 50 day moving average price of $220.54 and a 200-day moving average price of $198.40. 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, Inc. has a twelve month low of $157.07 and a twelve month high of $233.29.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.57 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.12). The business had revenue of $419.07 million during the quarter, compared to analyst estimates of $406.75 million. Alamo Group had a return on equity of 11.45% and a net margin of 7.41%. Sell-side analysts predict that Alamo Group, Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Wednesday, July 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, July 16th. Alamo Group's payout ratio is currently 12.22%.

Insider Buying and Selling

In other Alamo Group news, CEO Jeffery Allen Leonard sold 2,500 shares of Alamo Group stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.19, for a total value of $555,475.00. Following the completion of the transaction, the chief executive officer owned 38,413 shares of the company's stock, valued at $8,534,984.47. The trade was a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.18% of the stock is currently owned by corporate insiders.

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.