Alamo Group Inc. (NYSE:ALG) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its position in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,548 shares of the industrial products company's stock after selling 5,422 shares during the quarter. Squarepoint Ops LLC owned approximately 0.25% of Alamo Group worth $5,679,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ALG. Smartleaf Asset Management LLC grew its holdings in Alamo Group by 442.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 168 shares during the period. Lazard Asset Management LLC purchased a new stake in Alamo Group in the fourth quarter valued at approximately $79,000. KBC Group NV grew its holdings in Alamo Group by 57.1% in the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 189 shares during the period. Summit Investment Advisors Inc. grew its holdings in Alamo Group by 6.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company's stock valued at $199,000 after purchasing an additional 69 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Alamo Group in the fourth quarter valued at approximately $200,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALG has been the subject of a number of recent analyst reports. Robert W. Baird downgraded shares of Alamo Group from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $224.00 to $177.00 in a report on Friday, February 28th. DA Davidson lowered 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 target price on shares of Alamo Group in a report on Monday, March 3rd. Wall Street Zen upgraded shares of Alamo Group from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Baird R W cut shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th.

Alamo Group Trading Down 0.8%

ALG stock traded down $1.71 during midday trading on Friday, reaching $200.09. 6,057 shares of the company's stock traded hands, compared to its average volume of 94,815. The company has a market capitalization of $2.42 billion, a P/E ratio of 20.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. Alamo Group Inc. has a fifty-two week low of $157.07 and a fifty-two week high of $205.62. The business has a 50-day moving average price of $180.01 and a two-hundred day moving average price of $184.98.

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

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.60%. Alamo Group's dividend payout ratio (DPR) is 12.50%.

Insider Buying and Selling at Alamo Group

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

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.