UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 5,850 Shares of Alamo Group Inc. (NYSE:ALG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Alamo Group Inc. (NYSE:ALG - Free Report) by 22.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,100 shares of the industrial products company's stock after buying an additional 5,850 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of Alamo Group worth $5,968,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cornerstone Investment Partners LLC lifted its stake in shares of Alamo Group by 2.2% in the 4th quarter. Cornerstone Investment Partners LLC now owns 2,606 shares of the industrial products company's stock valued at $484,000 after acquiring an additional 56 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Alamo Group by 6.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company's stock worth $199,000 after acquiring an additional 69 shares during the last quarter. Swiss National Bank increased its holdings in Alamo Group by 0.5% in the 4th quarter. Swiss National Bank now owns 20,100 shares of the industrial products company's stock worth $3,737,000 after purchasing an additional 100 shares in the last quarter. Mariner LLC raised its position in Alamo Group by 8.7% in the fourth quarter. Mariner LLC now owns 1,607 shares of the industrial products company's stock valued at $299,000 after purchasing an additional 129 shares during the last quarter. Finally, US Bancorp DE raised its position in Alamo Group by 0.9% in the fourth quarter. US Bancorp DE now owns 16,761 shares of the industrial products company's stock valued at $3,116,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

Insider Transactions at Alamo Group

In other news, CEO Jeffery Allen Leonard sold 3,500 shares of Alamo Group stock in a transaction dated Wednesday, May 14th. The stock was 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 of the company's stock, valued at approximately $8,244,787.76. This trade represents a 7.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Richard Hodges Raborn sold 500 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $201.84, for a total value of $100,920.00. Following the completion of the transaction, the executive vice president now directly owns 12,948 shares in the company, valued at $2,613,424.32. This represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company's stock.

Alamo Group Trading Up 1.1%

Shares of ALG stock traded up $2.28 on Friday, hitting $207.59. The company had a trading volume of 50,730 shares, compared to its average volume of 96,421. The firm has a market cap of $2.51 billion, a P/E ratio of 20.90 and a beta of 1.07. The stock's 50-day moving average is $181.85 and its two-hundred day moving average is $185.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. Alamo Group Inc. has a twelve month low of $157.07 and a twelve month high of $208.70.

Alamo Group (NYSE:ALG - Get Free Report) last announced its earnings results on Thursday, May 8th. The industrial products company reported $2.65 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.41% and a net margin of 7.19%. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th were given a $0.30 dividend. The ex-dividend date was Wednesday, April 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.58%. Alamo Group's dividend payout ratio (DPR) is currently 12.50%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALG. Robert W. Baird cut Alamo Group from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $224.00 to $177.00 in a report on Friday, February 28th. 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 research report on Thursday, May 22nd. Baird R W downgraded shares of Alamo Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, DA Davidson cut their price target on shares of Alamo Group from $217.00 to $195.00 and set a "buy" rating on the stock in a report on Monday, April 21st.

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.