Quantbot Technologies LP Sells 4,255 Shares of Alamo Group Inc. (NYSE:ALG)

Quantbot Technologies LP trimmed its position in shares of Alamo Group Inc. (NYSE:ALG) by 58.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,995 shares of the industrial products company’s stock after selling 4,255 shares during the quarter. Quantbot Technologies LP’s holdings in Alamo Group were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Alamo Group by 442.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 168 shares during the period. KBC Group NV lifted its holdings in Alamo Group by 57.1% during the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 189 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Alamo Group by 192.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company’s stock worth $146,000 after purchasing an additional 534 shares during the period. Raymond James Financial Inc. bought a new position in Alamo Group during the fourth quarter worth about $200,000. Finally, Choreo LLC purchased a new position in shares of Alamo Group in the fourth quarter worth about $201,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on ALG shares. DA Davidson cut their price objective on shares of Alamo Group from $219.00 to $217.00 and set a “buy” rating for the company in a report on Monday, March 3rd. StockNews.com lowered Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Baird R W lowered Alamo Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Industrial Alliance Securities set a $217.00 target price on Alamo Group in a research note on Monday, March 3rd. Finally, Robert W. Baird cut Alamo Group from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $224.00 to $177.00 in a research report on Friday, February 28th.

Alamo Group Stock Down 0.7 %

ALG opened at $185.98 on Friday. The firm has a market capitalization of $2.25 billion, a P/E ratio of 18.73 and a beta of 1.10. Alamo Group Inc. has a one year low of $163.74 and a one year high of $228.88. The company has a fifty day moving average price of $184.95 and a 200-day moving average price of $184.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39.

Alamo Group (NYSE:ALG) last posted its earnings results on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, topping the consensus estimate of $2.23 by $0.16. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. The business had revenue of $385.32 million during the quarter, compared to analysts’ expectations of $396.85 million. Equities research analysts expect that Alamo Group Inc. will post 9.53 earnings per share for the current fiscal year.

Alamo Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.65%. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, January 16th. Alamo Group’s dividend payout ratio is 12.46%.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.