Public Employees Retirement System of Ohio Has $5.48 Million Stock Position in Alamo Group, Inc. $ALG

Public Employees Retirement System of Ohio reduced its holdings in Alamo Group, Inc. (NYSE:ALG - Free Report) by 7.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,098 shares of the industrial products company's stock after selling 2,155 shares during the period. Public Employees Retirement System of Ohio owned about 0.21% of Alamo Group worth $5,481,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in Alamo Group by 80.0% in the 1st quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company's stock worth $29,000 after acquiring an additional 72 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Alamo Group by 110.6% during the 1st quarter. GAMMA Investing LLC now owns 238 shares of the industrial products company's stock worth $42,000 after purchasing an additional 125 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Alamo Group by 30.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 264 shares of the industrial products company's stock valued at $47,000 after buying an additional 61 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Alamo Group by 31.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 271 shares of the industrial products company's stock valued at $49,000 after buying an additional 65 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Alamo Group by 3,140.0% during the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company's stock valued at $58,000 after buying an additional 314 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ALG. DA Davidson reiterated a "neutral" rating and set a $225.00 price target on shares of Alamo Group in a report on Tuesday, July 22nd. Wall Street Zen upgraded Alamo Group from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Robert W. Baird upgraded Alamo Group from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $209.00 to $260.00 in a report on Monday, August 4th. Finally, Baird R W upgraded Alamo Group from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $234.00.

Alamo Group Stock Performance

Shares of NYSE ALG opened at $189.76 on Tuesday. The company has a quick ratio of 2.76, a current ratio of 4.56 and a debt-to-equity ratio of 0.18. The business's 50 day moving average is $213.08 and its two-hundred day moving average is $201.25. The company has a market cap of $2.30 billion, a P/E ratio of 19.32, a P/E/G ratio of 1.01 and a beta of 1.10. Alamo Group, Inc. has a 12 month low of $157.07 and a 12 month high of $233.29.

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

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.

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