Pacer Advisors Inc. Reduces Position in Alamo Group, Inc. $ALG

Pacer Advisors Inc. decreased its holdings in Alamo Group, Inc. (NYSE:ALG) by 23.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,432 shares of the industrial products company’s stock after selling 12,523 shares during the quarter. Pacer Advisors Inc. owned approximately 0.33% of Alamo Group worth $7,718,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its stake in shares of Alamo Group by 7.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,188 shares of the industrial products company’s stock valued at $1,350,000 after buying an additional 441 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Alamo Group by 8.3% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 8,292 shares of the industrial products company’s stock valued at $1,811,000 after acquiring an additional 635 shares in the last quarter. Jump Financial LLC boosted its stake in Alamo Group by 203.0% during the 2nd quarter. Jump Financial LLC now owns 25,508 shares of the industrial products company’s stock valued at $5,570,000 after acquiring an additional 17,089 shares during the last quarter. Ieq Capital LLC acquired a new position in Alamo Group during the 1st quarter worth $494,000. Finally, American Century Companies Inc. increased its position in shares of Alamo Group by 201.6% in the 2nd quarter. American Century Companies Inc. now owns 153,720 shares of the industrial products company’s stock worth $33,569,000 after purchasing an additional 102,751 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ALG. DA Davidson reduced their price target on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Weiss Ratings restated a “hold (c)” rating on shares of Alamo Group in a research note on Monday, December 22nd. Zacks Research downgraded Alamo Group from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. CJS Securities upgraded Alamo Group to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Wall Street Zen lowered Alamo Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Alamo Group presently has an average rating of “Moderate Buy” and an average target price of $222.33.

Alamo Group Stock Up 0.3%

NYSE:ALG opened at $174.19 on Monday. The company has a current ratio of 4.43, a quick ratio of 2.72 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $170.93 and a 200-day moving average of $196.87. The firm has a market capitalization of $2.11 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13. Alamo Group, Inc. has a 52 week low of $156.29 and a 52 week high of $233.29.

Alamo Group (NYSE:ALG) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($0.27). The company had revenue of $420.04 million for the quarter, compared to analyst estimates of $407.55 million. Alamo Group had a net margin of 7.20% and a return on equity of 11.11%. Analysts predict that Alamo Group, Inc. will post 9.53 EPS for the current year.

Alamo Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 28th. Stockholders of record on Wednesday, October 15th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, October 15th. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. Alamo Group’s dividend payout ratio is currently 12.45%.

Insider Buying and Selling at Alamo Group

In other news, CEO Robert Paul Hureau acquired 304 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average cost of $163.48 per share, for a total transaction of $49,697.92. Following the transaction, the chief executive officer directly owned 12,046 shares in the company, valued at $1,969,280.08. This trade represents a 2.59% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have bought 1,058 shares of company stock valued at $175,209. 1.18% of the stock is owned by company insiders.

About Alamo Group

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.