ProShare Advisors LLC Has $6.38 Million Stake in Alamo Group, Inc. $ALG

ProShare Advisors LLC grew its position in Alamo Group, Inc. (NYSE:ALG) by 19.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,985 shares of the industrial products company’s stock after purchasing an additional 6,312 shares during the quarter. ProShare Advisors LLC owned about 0.31% of Alamo Group worth $6,377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ALG. Jones Financial Companies Lllp grew its position in shares of Alamo Group by 3,140.0% in the first quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 314 shares during the last quarter. MAI Capital Management acquired a new position in shares of Alamo Group in the third quarter valued at approximately $73,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Alamo Group in the second quarter valued at approximately $87,000. Globeflex Capital L P acquired a new position in shares of Alamo Group in the second quarter valued at approximately $100,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Alamo Group by 152.4% in the second quarter. Tower Research Capital LLC TRC now owns 858 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 518 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Trading Up 0.3%

Shares of ALG stock opened at $150.24 on Friday. The company has a current ratio of 4.32, a quick ratio of 2.45 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.83 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. The stock has a 50 day simple moving average of $165.92 and a 200 day simple moving average of $176.65. Alamo Group, Inc. has a 1 year low of $145.76 and a 1 year high of $233.29.

Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Monday, May 4th. The industrial products company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.36. The business had revenue of $417.15 million during the quarter, compared to analysts’ expectations of $398.02 million. Alamo Group had a return on equity of 9.71% and a net margin of 6.21%. On average, research analysts predict that Alamo Group, Inc. will post 10.61 earnings per share for the current fiscal year.

Alamo Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, April 15th. Alamo Group’s payout ratio is 16.27%.

Insider Activity at Alamo Group

In related news, Director Nina C. Grooms sold 499 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $175.19, for a total value of $87,419.81. Following the completion of the sale, the director directly owned 2,844 shares in the company, valued at approximately $498,240.36. The trade was a 14.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert Paul Hureau purchased 460 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average price of $164.40 per share, with a total value of $75,624.00. Following the completion of the purchase, the chief executive officer owned 12,506 shares of the company’s stock, valued at $2,055,986.40. This trade represents a 3.82% increase in their position. The SEC filing for this purchase provides additional information. 1.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ALG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alamo Group in a research report on Friday, March 27th. Zacks Research raised Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. William Blair started coverage on Alamo Group in a research report on Monday, March 16th. They issued an “outperform” rating on the stock. Finally, DA Davidson decreased their target price on Alamo Group from $190.00 to $188.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Alamo Group currently has an average rating of “Moderate Buy” and an average price target of $224.00.

Alamo Group Company Profile

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.