Occudo Quantitative Strategies LP Invests $226,000 in Alamo Group Inc. (NYSE:ALG)

Occudo Quantitative Strategies LP bought a new position in shares of Alamo Group Inc. (NYSE:ALG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,214 shares of the industrial products company’s stock, valued at approximately $226,000.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in shares of Alamo Group by 442.1% during the 4th 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 in the last quarter. Barclays PLC raised its stake in shares of Alamo Group by 204.7% during the 3rd quarter. Barclays PLC now owns 22,417 shares of the industrial products company’s stock worth $4,039,000 after buying an additional 15,061 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Alamo Group by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 141,045 shares of the industrial products company’s stock worth $26,222,000 after buying an additional 6,666 shares in the last quarter. Intech Investment Management LLC increased its stake in Alamo Group by 63.9% in the 4th quarter. Intech Investment Management LLC now owns 4,405 shares of the industrial products company’s stock valued at $819,000 after purchasing an additional 1,718 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Alamo Group by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 56,936 shares of the industrial products company’s stock valued at $10,585,000 after purchasing an additional 2,200 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alamo Group

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

Wall Street Analyst Weigh In

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

Alamo Group Stock Performance

Alamo Group stock opened at $203.21 on Friday. 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 stock has a fifty day moving average of $177.56 and a two-hundred day moving average of $184.27. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 20.46 and a beta of 1.02. Alamo Group Inc. has a fifty-two week low of $157.07 and a fifty-two week high of $205.62.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Thursday, May 8th. The industrial products company reported $2.65 earnings per share (EPS) 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 business had revenue of $390.95 million for the quarter, compared to analysts’ expectations of $391.08 million. On average, analysts anticipate that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Announces Dividend

The firm 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. This represents a $1.20 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, April 16th. Alamo Group’s dividend payout ratio (DPR) 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.