Alamo Group Inc. (NYSE:ALG) Shares Sold by Numerai GP LLC

Numerai GP LLC lessened its holdings in shares of Alamo Group Inc. (NYSE:ALG - Free Report) by 63.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,450 shares of the industrial products company's stock after selling 9,315 shares during the period. Numerai GP LLC's holdings in Alamo Group were worth $1,013,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on ALG shares. Robert W. Baird cut Alamo Group from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $224.00 to $177.00 in a research note on Friday, February 28th. Industrial Alliance Securities set a $217.00 price target on Alamo Group in a report on Monday, March 3rd. DA Davidson reduced their price objective 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. StockNews.com raised shares of Alamo Group from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. 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 Up 0.2%

Shares of ALG traded up $0.39 during midday trading on Monday, hitting $203.58. 90,687 shares of the stock were exchanged, compared to its average volume of 94,773. Alamo Group Inc. has a 52-week low of $157.07 and a 52-week high of $205.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The stock has a fifty day simple moving average of $177.56 and a 200 day simple moving average of $184.37. The firm has a market cap of $2.46 billion, a P/E ratio of 20.50 and a beta of 1.02.

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 analysts' consensus estimates of $2.33 by $0.32. The company had revenue of $390.95 million during 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, research analysts anticipate that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Wednesday, April 16th. Alamo Group's payout ratio is currently 12.50%.

Insiders Place Their Bets

In related news, CEO Jeffery Allen Leonard sold 3,500 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were 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 approximately $8,244,787.76. This represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 represents a 3.72% decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by company 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.