BNP Paribas Financial Markets Has $1.51 Million Stake in Alamo Group Inc. (NYSE:ALG)

BNP Paribas Financial Markets raised its stake in Alamo Group Inc. (NYSE:ALG) by 34.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,109 shares of the industrial products company’s stock after buying an additional 2,069 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of Alamo Group worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ALG. Ameriprise Financial Inc. increased its holdings in shares of Alamo Group by 338.4% in the fourth quarter. Ameriprise Financial Inc. now owns 115,856 shares of the industrial products company’s stock worth $21,539,000 after acquiring an additional 89,430 shares in the last quarter. Norges Bank bought a new stake in shares of Alamo Group in the fourth quarter worth about $6,786,000. Victory Capital Management Inc. increased its holdings in shares of Alamo Group by 8.0% in the fourth quarter. Victory Capital Management Inc. now owns 448,718 shares of the industrial products company’s stock worth $83,421,000 after acquiring an additional 33,294 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Alamo Group by 4.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 672,728 shares of the industrial products company’s stock worth $121,205,000 after acquiring an additional 30,826 shares in the last quarter. Finally, Dean Investment Associates LLC bought a new stake in shares of Alamo Group in the fourth quarter worth about $4,347,000. 92.36% of the stock is currently owned by institutional investors.

Insider Activity at Alamo Group

In related news, EVP Richard Hodges Raborn sold 500 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $201.84, for a total transaction of $100,920.00. Following the completion of the transaction, the executive vice president now directly owns 12,948 shares of the company’s stock, valued at approximately $2,613,424.32. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $201.52, for a total value of $705,320.00. Following the transaction, the chief executive officer now directly owns 40,913 shares of the company’s stock, valued at $8,244,787.76. This trade represents a 7.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

Alamo Group Stock Up 0.6%

NYSE:ALG opened at $203.21 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The company has a market cap of $2.46 billion, a PE ratio of 20.46 and a beta of 1.02. Alamo Group Inc. has a 52-week low of $157.07 and a 52-week high of $205.62. The stock has a 50-day simple moving average of $177.56 and a 200 day simple moving average of $184.37.

Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Thursday, May 8th. The industrial products company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.33 by $0.32. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. The firm had revenue of $390.95 million during the quarter, compared to analysts’ expectations of $391.08 million. On average, sell-side analysts expect that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Wednesday, April 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $1.20 annualized dividend and a yield of 0.59%. Alamo Group’s dividend payout ratio (DPR) is presently 12.50%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. DA Davidson lowered their price target on Alamo Group from $217.00 to $195.00 and set a “buy” rating for the company in a report on Monday, April 21st. Robert W. Baird downgraded Alamo Group from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $224.00 to $177.00 in a report on Friday, February 28th. StockNews.com upgraded Alamo Group from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Industrial Alliance Securities set a $217.00 price objective on Alamo Group in a report on Monday, March 3rd. Finally, Baird R W downgraded Alamo Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th.

About Alamo Group

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.