Epoch Investment Partners Inc. lessened its stake in Alamo Group, Inc. (NYSE:ALG) by 3.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 233,225 shares of the industrial products company’s stock after selling 9,043 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Alamo Group were worth $21,365,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of Alamo Group in the second quarter worth about $4,093,000. TD Asset Management Inc. increased its holdings in shares of Alamo Group by 374.1% in the second quarter. TD Asset Management Inc. now owns 34,137 shares of the industrial products company’s stock worth $3,085,000 after acquiring an additional 26,937 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Alamo Group in the second quarter worth about $166,000. Prescott Group Capital Management L.L.C. increased its holdings in shares of Alamo Group by 31.1% in the second quarter. Prescott Group Capital Management L.L.C. now owns 12,661 shares of the industrial products company’s stock worth $1,144,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Alamo Group by 5.7% in the second quarter. Legal & General Group Plc now owns 18,896 shares of the industrial products company’s stock worth $1,698,000 after acquiring an additional 1,020 shares in the last quarter. Institutional investors own 91.85% of the company’s stock.

Several equities research analysts have issued reports on the company. ValuEngine downgraded Alamo Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Sidoti upgraded Alamo Group from a “neutral” rating to a “buy” rating and set a $104.00 price target for the company in a report on Wednesday, October 24th.

Shares of Alamo Group stock opened at $77.77 on Friday. Alamo Group, Inc. has a 1 year low of $76.97 and a 1 year high of $120.58. The stock has a market capitalization of $931.31 million, a price-to-earnings ratio of 14.27 and a beta of 0.91. The company has a quick ratio of 2.60, a current ratio of 4.27 and a debt-to-equity ratio of 0.20.

Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Thursday, November 1st. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.75. Alamo Group had a return on equity of 13.85% and a net margin of 6.04%. The company had revenue of $257.57 million during the quarter.

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Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.

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Institutional Ownership by Quarter for Alamo Group (NYSE:ALG)

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