Charles Schwab Investment Management Inc. Has $26.15 Million Stake in Alamo Group, Inc. $ALG

Charles Schwab Investment Management Inc. raised its position in Alamo Group, Inc. (NYSE:ALG) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,724 shares of the industrial products company’s stock after purchasing an additional 5,679 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.21% of Alamo Group worth $26,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of Alamo Group by 16.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,885 shares of the industrial products company’s stock valued at $2,953,000 after acquiring an additional 2,275 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Alamo Group by 13.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 23,972 shares of the industrial products company’s stock valued at $4,457,000 after acquiring an additional 2,915 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Alamo Group in the 4th quarter valued at about $200,000. Summit Investment Advisors Inc. grew its holdings in shares of Alamo Group by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company’s stock valued at $199,000 after acquiring an additional 69 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Alamo Group by 1.8% in the 4th quarter. Barclays PLC now owns 22,826 shares of the industrial products company’s stock valued at $4,243,000 after acquiring an additional 409 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. DA Davidson restated a “neutral” rating and issued a $225.00 price objective on shares of Alamo Group in a report on Tuesday, July 22nd. Baird R W upgraded Alamo Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 4th. Wall Street Zen upgraded Alamo Group from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Finally, Robert W. Baird upgraded Alamo Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $209.00 to $260.00 in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Alamo Group presently has an average rating of “Buy” and an average price target of $234.00.

Alamo Group Trading Down 2.4%

Shares of NYSE:ALG opened at $214.8840 on Thursday. Alamo Group, Inc. has a 12-month low of $157.07 and a 12-month high of $233.29. The stock has a market cap of $2.60 billion, a PE ratio of 21.88, a P/E/G ratio of 1.15 and a beta of 1.10. The business has a 50 day moving average of $220.34 and a 200-day moving average of $196.64. The company has a quick ratio of 2.76, a current ratio of 4.56 and a debt-to-equity ratio of 0.18.

Alamo Group (NYSE:ALG) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.12). Alamo Group had a return on equity of 11.45% and a net margin of 7.41%.The firm had revenue of $419.07 million for the quarter, compared to the consensus estimate of $406.75 million. As a group, equities research analysts forecast that Alamo Group, Inc. will post 9.53 earnings per share for the current year.

Alamo Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Wednesday, July 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, July 16th. Alamo Group’s payout ratio is currently 12.22%.

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.