Amalgamated Bank Reduces Position in Alamo Group Inc. (NYSE:ALG)

Amalgamated Bank decreased its holdings in Alamo Group Inc. (NYSE:ALG) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,158 shares of the industrial products company’s stock after selling 80 shares during the period. Amalgamated Bank’s holdings in Alamo Group were worth $546,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ALG. Contravisory Investment Management Inc. grew its stake in Alamo Group by 73.4% in the 1st quarter. Contravisory Investment Management Inc. now owns 111 shares of the industrial products company’s stock valued at $25,000 after buying an additional 47 shares in the last quarter. Arizona State Retirement System boosted its stake in Alamo Group by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 3,034 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 63 shares during the last quarter. Diversified Trust Co lifted its stake in Alamo Group by 5.2% during the 1st quarter. Diversified Trust Co now owns 1,451 shares of the industrial products company’s stock valued at $331,000 after acquiring an additional 72 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Alamo Group by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 5,200 shares of the industrial products company’s stock worth $900,000 after acquiring an additional 100 shares during the period. Finally, Aurora Investment Counsel boosted its holdings in shares of Alamo Group by 2.0% in the first quarter. Aurora Investment Counsel now owns 5,657 shares of the industrial products company’s stock worth $1,292,000 after buying an additional 112 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Alamo Group Price Performance

Alamo Group stock opened at $181.09 on Monday. The company has a quick ratio of 2.52, a current ratio of 4.37 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $179.79 and a 200-day simple moving average of $188.94. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 16.11 and a beta of 1.07. Alamo Group Inc. has a 52-week low of $157.74 and a 52-week high of $231.40.

Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.44). Alamo Group had a return on equity of 13.51% and a net margin of 7.56%. The company had revenue of $416.30 million for the quarter. During the same quarter last year, the business posted $3.03 EPS. On average, equities analysts anticipate that Alamo Group Inc. will post 10.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ALG has been the subject of a number of recent analyst reports. Robert W. Baird dropped their price objective on Alamo Group from $223.00 to $217.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. StockNews.com cut Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, DA Davidson lifted their price target on Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a report on Wednesday, August 28th.

Insider Activity

In other Alamo Group news, EVP Edward Rizzuti sold 322 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $178.29, for a total value of $57,409.38. Following the sale, the executive vice president now owns 7,765 shares of the company’s stock, valued at $1,384,421.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Richard Hodges Raborn sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.00. Following the sale, the executive vice president now owns 11,061 shares of the company’s stock, valued at approximately $2,005,138.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Edward Rizzuti sold 322 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $178.29, for a total value of $57,409.38. Following the transaction, the executive vice president now directly owns 7,765 shares of the company’s stock, valued at approximately $1,384,421.85. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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.