Royal Bank of Canada Sells 7,652 Shares of Alamo Group Inc. (NYSE:ALG)

Royal Bank of Canada decreased its holdings in Alamo Group Inc. (NYSE:ALG - Free Report) by 6.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 115,465 shares of the industrial products company's stock after selling 7,652 shares during the period. Royal Bank of Canada owned approximately 0.96% of Alamo Group worth $21,466,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Barclays PLC grew its holdings in Alamo Group by 204.7% during the 3rd quarter. Barclays PLC now owns 22,417 shares of the industrial products company's stock valued at $4,039,000 after purchasing an additional 15,061 shares in the last quarter. SG Americas Securities LLC acquired a new position in Alamo Group in the fourth quarter worth $293,000. Janney Montgomery Scott LLC boosted its holdings in shares of Alamo Group by 17.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,972 shares of the industrial products company's stock valued at $367,000 after buying an additional 290 shares during the period. Tributary Capital Management LLC grew its holdings in shares of Alamo Group by 16.0% during the fourth quarter. Tributary Capital Management LLC now owns 116,584 shares of the industrial products company's stock valued at $21,674,000 after purchasing an additional 16,093 shares during the last quarter. Finally, KBC Group NV increased its position in Alamo Group by 57.1% in the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company's stock worth $97,000 after buying an additional 189 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Insider Buying and Selling

In other Alamo Group news, EVP Richard Hodges Raborn sold 500 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $201.84, for a total value of $100,920.00. Following the sale, the executive vice president now directly owns 12,948 shares in the company, valued at $2,613,424.32. This trade represents a 3.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $201.52, for a total transaction of $705,320.00. Following the completion of the sale, the chief executive officer now owns 40,913 shares of the company's stock, valued at approximately $8,244,787.76. The trade was a 7.88% decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Alamo Group Stock Down 0.9%

Shares of NYSE:ALG traded down $1.80 on Friday, reaching $200.00. The company had a trading volume of 5,540 shares, compared to its average volume of 94,813. The stock has a market capitalization of $2.42 billion, a P/E ratio of 20.20 and a beta of 1.02. The stock has a 50-day moving average price of $180.01 and a 200 day moving average price of $184.98. Alamo Group Inc. has a twelve month low of $157.07 and a twelve month high of $205.62. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21.

Alamo Group (NYSE:ALG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The industrial products company reported $2.65 EPS for the quarter, beating analysts' consensus estimates of $2.33 by $0.32. The company had revenue of $390.95 million for the quarter, compared to analyst estimates of $391.08 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. On average, equities analysts expect that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.60%. Alamo Group's payout ratio is presently 12.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ALG shares. Robert W. Baird cut Alamo Group from an "outperform" rating to a "neutral" rating and cut their price target for the company from $224.00 to $177.00 in a report on Friday, February 28th. Baird R W cut Alamo Group from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. DA Davidson decreased their target price on shares of Alamo Group from $217.00 to $195.00 and set a "buy" rating for the company in a report on Monday, April 21st. Industrial Alliance Securities set a $217.00 price target on Alamo Group in a report on Monday, March 3rd. Finally, Wall Street Zen upgraded shares of Alamo Group from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Alamo Group 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.