Quantbot Technologies LP Has $557,000 Stock Holdings in Alamo Group Inc. (NYSE:ALG)

Quantbot Technologies LP reduced its position in shares of Alamo Group Inc. (NYSE:ALG) by 58.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,995 shares of the industrial products company’s stock after selling 4,255 shares during the quarter. Quantbot Technologies LP’s holdings in Alamo Group were worth $557,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ALG. Smartleaf Asset Management LLC raised its position in shares of Alamo Group by 442.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 168 shares during the period. KBC Group NV increased its stake in Alamo Group by 57.1% during 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in Alamo Group by 192.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company’s stock worth $146,000 after buying an additional 534 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Alamo Group in the fourth quarter valued at $200,000. Finally, Choreo LLC acquired a new position in shares of Alamo Group during the fourth quarter valued at about $201,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Alamo Group Price Performance

Alamo Group stock opened at $185.98 on Friday. Alamo Group Inc. has a 52 week low of $163.74 and a 52 week high of $228.88. The company’s 50 day moving average price is $184.95 and its two-hundred day moving average price is $184.69. The stock has a market cap of $2.25 billion, a P/E ratio of 18.73 and a beta of 1.10. 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 issued its quarterly earnings results on Thursday, February 27th. The industrial products company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.16. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. The business had revenue of $385.32 million for the quarter, compared to analyst estimates of $396.85 million. On average, equities analysts predict that Alamo Group Inc. will post 9.53 earnings per share for the current year.

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were issued a $0.30 dividend. This is an increase from Alamo Group’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Thursday, January 16th. Alamo Group’s payout ratio is 12.46%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Industrial Alliance Securities set a $217.00 price target on shares of Alamo Group in a research report on Monday, March 3rd. Robert W. Baird lowered Alamo Group from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $224.00 to $177.00 in a report on Friday, February 28th. DA Davidson decreased their price target on Alamo Group from $219.00 to $217.00 and set a “buy” rating for the company in a report on Monday, March 3rd. StockNews.com lowered Alamo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Baird R W downgraded shares of Alamo Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th.

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.