Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Alamo Group, Inc. (NYSE:ALG)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new position in Alamo Group, purchasing 7,657 shares worth approximately $1.365 million, representing about 0.06% of the company.
• Several institutional investors have recently increased their stakes in Alamo Group, with Nisa Investment Advisors LLC raising its holdings by 30% in the first quarter.
• Alamo Group recently declared a quarterly dividend of $0.30 per share, indicating a dividend payout ratio of 12.50% and a yield of 0.5%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Alamo Group, Inc. (NYSE:ALG - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,657 shares of the industrial products company's stock, valued at approximately $1,365,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Alamo Group at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE increased its holdings in Alamo Group by 826.1% during the 4th 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 period. SG Capital Management LLC purchased a new position in Alamo Group in the 4th quarter worth $16,971,000. Ameriprise Financial Inc. raised its position in Alamo Group by 338.4% in 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. Victory Capital Management Inc. raised its position in Alamo Group by 12.9% in the 1st quarter. Victory Capital Management Inc. now owns 506,815 shares of the industrial products company's stock worth $90,320,000 after purchasing an additional 58,097 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Alamo Group by 37,434.5% in the 1st quarter. GAMMA Investing LLC now owns 42,414 shares of the industrial products company's stock worth $7,559,000 after acquiring an additional 42,301 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alamo Group

In related news, EVP Richard Hodges Raborn sold 500 shares of Alamo Group stock in a transaction dated 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 sale, the executive vice president owned 12,948 shares in the company, valued at $2,613,424.32. This trade represents a 3.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 40,913 shares of the company's stock, valued at $8,244,787.76. The trade was a 7.88% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.18% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ALG. Wall Street Zen lowered shares of Alamo Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. 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.

Alamo Group Price Performance

Shares of ALG traded down $6.94 during mid-day trading on Friday, reaching $215.64. The stock had a trading volume of 63,453 shares, compared to its average volume of 84,938. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 22.46 and a beta of 1.10. Alamo Group, Inc. has a 12 month low of $157.07 and a 12 month high of $230.15. The business has a fifty day moving average of $215.19 and a 200 day moving average of $193.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.62 and a current ratio of 4.30.

Alamo Group (NYSE:ALG - Get Free Report) last released its earnings results on Thursday, May 8th. The industrial products company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.33 by $0.32. The firm had revenue of $390.95 million for the quarter, compared to the consensus estimate of $391.08 million. Alamo Group had a net margin of 7.25% and a return on equity of 11.56%. Equities analysts predict that Alamo Group, Inc. will post 9.53 EPS for the current year.

Alamo Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Wednesday, July 16th were paid a $0.30 dividend. 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 dividend payout ratio is currently 12.50%.

Alamo Group Company 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.