Numerai GP LLC Reduces Stock Holdings in Alamo Group Inc. (NYSE:ALG)

Numerai GP LLC trimmed its stake in Alamo Group Inc. (NYSE:ALG) by 63.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,450 shares of the industrial products company’s stock after selling 9,315 shares during the period. Numerai GP LLC’s holdings in Alamo Group were worth $1,013,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ALG. Smartleaf Asset Management LLC lifted its holdings in Alamo Group by 442.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company’s stock worth $38,000 after buying an additional 168 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Alamo Group in the 4th quarter valued at approximately $79,000. KBC Group NV lifted its stake in shares of Alamo Group by 57.1% in the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 189 shares during the period. Summit Investment Advisors Inc. lifted its stake 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 purchasing an additional 69 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Alamo Group during the fourth quarter valued at $200,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ALG. Industrial Alliance Securities set a $217.00 price objective on Alamo Group in a research report on Monday, March 3rd. StockNews.com raised shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Monday. Robert W. Baird lowered shares of Alamo Group from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $224.00 to $177.00 in a report on Friday, February 28th. DA Davidson lowered their price objective on Alamo Group from $217.00 to $195.00 and set a “buy” rating for the company in a research note on Monday, April 21st. Finally, Baird R W cut Alamo Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th.

Alamo Group Price Performance

Shares of NYSE ALG opened at $201.05 on Thursday. Alamo Group Inc. has a twelve month low of $157.07 and a twelve month high of $205.62. The firm has a market cap of $2.43 billion, a P/E ratio of 20.25 and a beta of 1.02. The company has a 50 day moving average of $176.91 and a 200 day moving average of $183.80. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Thursday, May 8th. The industrial products company reported $2.65 earnings per share for the quarter, topping 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. As a group, research analysts expect that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Wednesday, April 16th were issued 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 dividend yield of 0.60%. Alamo Group’s payout ratio is 12.50%.

Alamo Group 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.