Numerai GP LLC Sells 9,315 Shares of Alamo Group Inc. (NYSE:ALG)

Numerai GP LLC trimmed its position in Alamo Group Inc. (NYSE:ALG - Free Report) by 63.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,450 shares of the industrial products company's stock after selling 9,315 shares during the quarter. Numerai GP LLC's holdings in Alamo Group were worth $1,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in shares of Alamo Group by 442.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 168 shares during the last quarter. Barclays PLC boosted its stake in Alamo Group by 204.7% in the third quarter. Barclays PLC now owns 22,417 shares of the industrial products company's stock valued at $4,039,000 after acquiring an additional 15,061 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Alamo Group by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,045 shares of the industrial products company's stock worth $26,222,000 after acquiring an additional 6,666 shares during the period. Intech Investment Management LLC grew its holdings in Alamo Group by 63.9% during the 4th quarter. Intech Investment Management LLC now owns 4,405 shares of the industrial products company's stock worth $819,000 after acquiring an additional 1,718 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Alamo Group by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 56,936 shares of the industrial products company's stock valued at $10,585,000 after acquiring an additional 2,200 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALG has been the topic of several recent research reports. Robert W. Baird lowered 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 research report on Friday, February 28th. Baird R W cut 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. StockNews.com raised shares of Alamo Group from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, 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.

Alamo Group Trading Down 0.0%

Shares of Alamo Group stock traded down $0.02 during trading hours on Tuesday, hitting $203.73. The company's stock had a trading volume of 5,302 shares, compared to its average volume of 112,212. The company has a market capitalization of $2.46 billion, a PE ratio of 20.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. The stock has a 50 day moving average of $177.97 and a 200 day moving average of $184.48. Alamo Group Inc. has a 12 month low of $157.07 and a 12 month high of $205.62.

Alamo Group (NYSE:ALG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.32. The business had revenue of $390.95 million during the quarter, compared to analyst estimates of $391.08 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. Analysts predict that Alamo Group Inc. will post 9.53 earnings per share for the current year.

Alamo Group Announces Dividend

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

Insider Transactions at Alamo Group

In other news, CEO Jeffery Allen Leonard sold 3,500 shares of the business's 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 sale, the chief executive officer now directly owns 40,913 shares in the company, valued at $8,244,787.76. The trade was a 7.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Richard Hodges Raborn sold 500 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $201.84, for a total value of $100,920.00. Following the transaction, the executive vice president now directly owns 12,948 shares of the company's stock, 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. 1.18% of the stock is owned by insiders.

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.