Trexquant Investment LP Makes New Investment in Alamo Group, Inc. $ALG

Key Points

• Trexquant Investment LP purchased a new position in Alamo Group, acquiring 25,342 shares worth approximately $4.5 million, bringing its ownership stake to 0.21% as of its recent SEC filing.
• CEO Jeffery Allen Leonard sold 2,500 shares of Alamo Group, reducing his ownership by 6.11%, with the remaining shares valued at around $8.5 million.
• Alamo Group's recent earnings report indicated a net margin of 7.41%, with earnings per share of $2.57, slightly below analyst expectations.

Trexquant Investment LP acquired a new stake in shares of Alamo Group, Inc. (NYSE:ALG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 25,342 shares of the industrial products company's stock, valued at approximately $4,516,000. Trexquant Investment LP owned approximately 0.21% of Alamo Group at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in Alamo Group by 30.0% in the first 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 in the last quarter. Smartleaf Asset Management LLC boosted its stake in Alamo Group by 31.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 271 shares of the industrial products company's stock worth $49,000 after purchasing an additional 65 shares during the period. Parallel Advisors LLC increased its holdings in Alamo Group by 80.0% during the 1st quarter. Parallel Advisors LLC now owns 162 shares of the industrial products company's stock worth $29,000 after purchasing an additional 72 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Alamo Group by 4.1% in the first quarter. New York State Teachers Retirement System now owns 2,512 shares of the industrial products company's stock valued at $448,000 after purchasing an additional 100 shares in the last quarter. Finally, Heritage Family Offices LLP boosted its position in shares of Alamo Group by 8.3% during the first quarter. Heritage Family Offices LLP now owns 1,358 shares of the industrial products company's stock worth $242,000 after buying an additional 104 shares during the period. 92.36% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jeffery Allen Leonard sold 2,500 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.19, for a total value of $555,475.00. Following the transaction, the chief executive officer owned 38,413 shares in the company, valued at approximately $8,534,984.47. This represents a 6.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.18% of the company's stock.

Alamo Group Stock Performance

Shares of ALG traded down $1.43 during mid-day trading on Friday, reaching $209.12. The company's stock had a trading volume of 52,797 shares, compared to its average volume of 73,057. 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 1-year low of $157.07 and a 1-year high of $233.29. The business has a 50-day simple moving average of $219.83 and a two-hundred day simple moving average of $199.05. The stock has a market cap of $2.53 billion, a P/E ratio of 21.30, a PEG ratio of 1.10 and a beta of 1.10.

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

Alamo Group Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on ALG. Robert W. Baird raised shares of Alamo Group from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $209.00 to $260.00 in a research report on Monday, August 4th. DA Davidson reissued a "neutral" rating and set a $225.00 price target on shares of Alamo Group in a research report on Tuesday, July 22nd. Baird R W upgraded Alamo Group from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. Finally, Wall Street Zen upgraded Alamo Group from a "hold" rating to a "buy" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $234.00.

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.