UBS Group AG Raises Holdings in Alamo Group, Inc. $ALG

UBS Group AG increased its holdings in Alamo Group, Inc. (NYSE:ALG) by 26.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 58,708 shares of the industrial products company’s stock after acquiring an additional 12,361 shares during the period. UBS Group AG’s holdings in Alamo Group were worth $9,855,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ALG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Alamo Group by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,084 shares of the industrial products company’s stock worth $1,084,000 after acquiring an additional 251 shares during the period. Millennium Management LLC grew its position 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 worth $11,332,000 after acquiring an additional 39,564 shares during the period. Jones Financial Companies Lllp grew its position in 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 worth $58,000 after acquiring an additional 314 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Alamo Group by 12.7% in the first 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 worth $6,444,000 after acquiring an additional 4,062 shares during the period. Finally, Invesco Ltd. grew its position in Alamo Group by 83.7% in the second quarter. Invesco Ltd. now owns 77,385 shares of the industrial products company’s stock worth $16,899,000 after acquiring an additional 35,248 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALG has been the subject of several analyst reports. DA Davidson lowered their price objective on Alamo Group from $190.00 to $188.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Alamo Group in a research report on Friday, March 27th. Zacks Research upgraded Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, William Blair began coverage on Alamo Group in a research report on Monday, March 16th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $224.00.

Alamo Group Stock Down 3.2%

NYSE:ALG opened at $147.08 on Friday. The company has a quick ratio of 2.45, a current ratio of 4.32 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average is $167.98 and its two-hundred day moving average is $177.69. Alamo Group, Inc. has a 52 week low of $146.89 and a 52 week high of $233.29. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17.

Alamo Group (NYSE:ALG) last released its quarterly earnings results on Monday, May 4th. The industrial products company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.36. Alamo Group had a return on equity of 9.71% and a net margin of 6.21%.The company had revenue of $417.15 million for the quarter, compared to analysts’ expectations of $398.02 million. Research analysts anticipate that Alamo Group, Inc. will post 10.61 EPS for the current year.

Alamo Group Announces Dividend

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

Insiders Place Their Bets

In other Alamo Group news, Director Nina C. Grooms sold 499 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $175.19, for a total transaction of $87,419.81. Following the transaction, the director directly owned 2,844 shares in the company, valued at $498,240.36. This represents a 14.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Paul Hureau purchased 460 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were purchased at an average price of $164.40 per share, for a total transaction of $75,624.00. Following the completion of the purchase, the chief executive officer directly owned 12,506 shares of the company’s stock, valued at $2,055,986.40. This represents a 3.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.06% of the stock is owned by insiders.

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.