Alamo Group Inc. (NYSE:ALG) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Alamo Group Inc. (NYSE:ALG - Free Report) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,100 shares of the industrial products company's stock after acquiring an additional 5,850 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of Alamo Group worth $5,968,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Alamo Group by 826.1% during the fourth quarter. Bank of America Corp DE now owns 130,494 shares of the industrial products company's stock worth $24,260,000 after acquiring an additional 116,404 shares during the last quarter. SG Capital Management LLC purchased a new stake in shares of Alamo Group during the 4th quarter worth about $16,971,000. Ameriprise Financial Inc. grew its holdings in shares of Alamo Group by 338.4% during the 4th quarter. Ameriprise Financial Inc. now owns 115,856 shares of the industrial products company's stock worth $21,539,000 after purchasing an additional 89,430 shares during the period. D. E. Shaw & Co. Inc. increased its position in Alamo Group by 279.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 55,068 shares of the industrial products company's stock worth $10,238,000 after purchasing an additional 40,549 shares in the last quarter. Finally, Norges Bank acquired a new stake in Alamo Group during the 4th quarter worth approximately $6,786,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Alamo Group Stock Up 0.5%

NYSE ALG traded up $1.08 on Wednesday, reaching $204.55. The company had a trading volume of 109,232 shares, compared to its average volume of 96,078. 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 1 year low of $157.07 and a 1 year high of $206.48. The firm has a 50-day moving average of $180.83 and a 200-day moving average of $185.05. The firm has a market capitalization of $2.47 billion, a PE ratio of 20.60 and a beta of 1.02.

Alamo Group (NYSE:ALG - Get Free Report) last posted its earnings results on Thursday, May 8th. The industrial products company reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.33 by $0.32. The business 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%. On average, equities research analysts anticipate that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th were issued a $0.30 dividend. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%. Alamo Group's dividend payout ratio is currently 12.50%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Alamo Group

In other Alamo Group news, EVP Richard Hodges Raborn sold 500 shares of Alamo Group stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $201.84, for a total transaction 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. The trade was a 3.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $201.52, for a total transaction of $705,320.00. Following the sale, the chief executive officer now directly owns 40,913 shares in the company, valued at $8,244,787.76. This trade represents a 7.88% 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.

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.