Advantage Alpha Capital Partners LP Trims Holdings in Alamo Group Inc. (NYSE:ALG)

Advantage Alpha Capital Partners LP trimmed its position in shares of Alamo Group Inc. (NYSE:ALG) by 8.7% during the fourth quarter, Holdings Channel reports. The firm owned 15,270 shares of the industrial products company’s stock after selling 1,462 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Alamo Group were worth $2,839,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in Alamo Group during the third quarter worth approximately $484,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Alamo Group by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,379 shares of the industrial products company’s stock worth $24,206,000 after acquiring an additional 7,203 shares during the period. Quantbot Technologies LP boosted its holdings in Alamo Group by 63.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,250 shares of the industrial products company’s stock valued at $1,306,000 after purchasing an additional 2,806 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Alamo Group by 24.8% in the third quarter. BNP Paribas Financial Markets now owns 6,040 shares of the industrial products company’s stock valued at $1,088,000 after buying an additional 1,202 shares in the last quarter. Finally, FORA Capital LLC grew its stake in shares of Alamo Group by 6.7% during the 3rd quarter. FORA Capital LLC now owns 1,397 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Stock Down 2.3 %

ALG stock opened at $183.97 on Monday. Alamo Group Inc. has a one year low of $163.74 and a one year high of $228.88. The stock has a market capitalization of $2.22 billion, a P/E ratio of 18.53 and a beta of 1.10. The company has a 50 day moving average price of $184.30 and a two-hundred day moving average price of $184.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15.

Alamo Group (NYSE:ALG) last announced its quarterly earnings data on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $396.85 million. As a group, sell-side analysts expect that Alamo Group Inc. will post 9.53 EPS for the current year.

Alamo Group Increases Dividend

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

Analyst Upgrades and Downgrades

ALG has been the topic of several recent research reports. DA Davidson decreased their price objective on shares of Alamo Group from $219.00 to $217.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Industrial Alliance Securities set a $217.00 target price on Alamo Group in a report on Monday, March 3rd. StockNews.com cut 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. Finally, Robert W. Baird downgraded shares of Alamo Group from an “outperform” rating to a “neutral” rating and cut their target price for the company from $224.00 to $177.00 in a research note on Friday, February 28th.

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.