Integrated Quantitative Investments LLC Takes $897,000 Position in Alamo Group, Inc. $ALG

Integrated Quantitative Investments LLC purchased a new stake in Alamo Group, Inc. (NYSE:ALG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,698 shares of the industrial products company’s stock, valued at approximately $897,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Alamo Group by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,084 shares of the industrial products company’s stock valued at $1,084,000 after purchasing an additional 251 shares during the last quarter. Millennium Management LLC boosted its stake in Alamo Group by 164.7% in the first quarter. Millennium Management LLC now owns 63,588 shares of the industrial products company’s stock valued at $11,332,000 after acquiring an additional 39,564 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Alamo Group by 3,140.0% during the 1st quarter. Jones Financial Companies Lllp now owns 324 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 314 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Alamo Group by 12.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 36,162 shares of the industrial products company’s stock valued at $6,444,000 after acquiring an additional 4,062 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Alamo Group by 38.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,449 shares of the industrial products company’s stock valued at $7,086,000 after purchasing an additional 8,951 shares during the period. 92.36% of the stock is owned by institutional investors.

Alamo Group Stock Down 3.7%

Shares of ALG stock opened at $177.98 on Thursday. Alamo Group, Inc. has a 12-month low of $156.29 and a 12-month high of $233.29. The company has a quick ratio of 2.72, a current ratio of 4.57 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $194.88 and a 200-day moving average of $188.78. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 1.03 and a beta of 1.11.

Alamo Group (NYSE:ALG) last announced its earnings results on Monday, March 2nd. The industrial products company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.36). Alamo Group had a return on equity of 10.04% and a net margin of 6.47%.The company had revenue of $373.65 million during the quarter, compared to analyst estimates of $405.18 million. As a group, equities research analysts predict that Alamo Group, Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Friday, January 16th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, January 16th. This is a positive change from Alamo Group’s previous quarterly dividend of $0.30. Alamo Group’s dividend payout ratio (DPR) is presently 15.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ALG shares. CJS Securities upgraded Alamo Group to a “strong-buy” rating in a report on Thursday, December 11th. DA Davidson lowered their price target on Alamo Group from $225.00 to $190.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Wall Street Zen downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research upgraded shares of Alamo Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alamo Group in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $225.00.

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.