Alamo Group, Inc. $ALG Holdings Decreased by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in Alamo Group, Inc. (NYSE:ALG) by 18.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 33,146 shares of the industrial products company’s stock after selling 7,286 shares during the quarter. Pacer Advisors Inc.’s holdings in Alamo Group were worth $5,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP acquired a new position in Alamo Group during the 2nd quarter valued at about $51,427,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Alamo Group in the 4th quarter worth approximately $39,213,000. Goldman Sachs Group Inc. lifted its stake in shares of Alamo Group by 239.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 157,291 shares of the industrial products company’s stock worth $26,404,000 after acquiring an additional 110,941 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Alamo Group by 72.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 230,180 shares of the industrial products company’s stock valued at $38,641,000 after acquiring an additional 96,369 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Alamo Group in the fourth quarter valued at approximately $13,049,000. Institutional investors own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ALG. Zacks Research upgraded Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. William Blair initiated coverage on Alamo Group in a research report on Monday, March 16th. They set an “outperform” rating on the stock. Weiss Ratings downgraded Alamo Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, DA Davidson cut their price objective on Alamo Group from $190.00 to $188.00 and set a “neutral” rating for the company in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Alamo Group Stock Up 0.3%

NYSE ALG opened at $161.83 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.32 and a quick ratio of 2.45. The company’s 50 day simple moving average is $159.60 and its 200 day simple moving average is $175.04. Alamo Group, Inc. has a 12 month low of $145.76 and a 12 month high of $233.29. The company has a market capitalization of $1.97 billion, a P/E ratio of 19.36, a PEG ratio of 0.95 and a beta of 1.11.

Alamo Group (NYSE:ALG) last released its earnings results on Monday, May 4th. The industrial products company reported $2.56 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 analyst estimates of $398.02 million. Alamo Group had a net margin of 6.21% and a return on equity of 9.71%. Equities research analysts expect that Alamo Group, Inc. will post 10.61 earnings per share for the current fiscal year.

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, April 15th. Alamo Group’s dividend payout ratio is 16.27%.

Alamo Group 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.