Alamo Group, Inc. $ALG Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its holdings in Alamo Group, Inc. by 79.1% in the first quarter, now owning 5,364 shares valued at $956,000.
• Vanguard Group Inc. and other hedge funds also boosted their stakes, with institutional investors holding 92.36% of the shares.
• Alamo Group reported a quarterly EPS of $2.57, missing analysts' expectations, but generated revenue of $419.07 million, exceeding estimates.

Quantbot Technologies LP boosted its stake in Alamo Group, Inc. (NYSE:ALG - Free Report) by 79.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,364 shares of the industrial products company's stock after purchasing an additional 2,369 shares during the quarter. Quantbot Technologies LP's holdings in Alamo Group were worth $956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Cresset Asset Management LLC raised its stake in shares of Alamo Group by 39.8% during the first quarter. Cresset Asset Management LLC now owns 1,610 shares of the industrial products company's stock worth $287,000 after acquiring an additional 458 shares in the last quarter. American Century Companies Inc. boosted its holdings in Alamo Group by 266.2% in the first quarter. American Century Companies Inc. now owns 50,969 shares of the industrial products company's stock valued at $9,083,000 after acquiring an additional 37,051 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Alamo Group by 6.8% in the first quarter. Russell Investments Group Ltd. now owns 7,019 shares of the industrial products company's stock valued at $1,251,000 after acquiring an additional 446 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Alamo Group by 27.0% during the 1st quarter. Public Sector Pension Investment Board now owns 32,880 shares of the industrial products company's stock valued at $5,860,000 after buying an additional 6,993 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Alamo Group during the 1st quarter valued at $8,361,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Alamo Group Stock Down 1.8%

ALG stock traded down $3.94 during trading on Friday, reaching $211.07. 97,703 shares of the company traded hands, compared to its average volume of 82,456. Alamo Group, Inc. has a 12 month low of $157.07 and a 12 month high of $233.29. The business has a 50 day simple moving average of $220.54 and a 200 day simple moving average of $198.22. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.12 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.76 and a current ratio of 4.56.

Alamo Group (NYSE:ALG - Get Free Report) last issued its quarterly earnings results 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). 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%. On average, equities research analysts anticipate that Alamo Group, Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Wednesday, July 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, July 16th. Alamo Group's dividend payout ratio (DPR) is currently 12.22%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ALG shares. Robert W. Baird upgraded shares of Alamo Group from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $209.00 to $260.00 in a report on Monday, August 4th. Wall Street Zen lowered shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 24th. Baird R W raised shares of Alamo Group from a "hold" rating to a "strong-buy" rating in a research 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 research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $234.00.

Insider Activity at Alamo Group

In other news, CEO Jeffery Allen Leonard sold 2,500 shares of the business's 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 completion of the sale, the chief executive officer directly owned 38,413 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this link. 1.18% of the stock is owned by company insiders.

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.