Charles Schwab Investment Management Inc. Buys 6,666 Shares of Alamo Group Inc. (NYSE:ALG)

Charles Schwab Investment Management Inc. grew its position in Alamo Group Inc. (NYSE:ALG) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 141,045 shares of the industrial products company’s stock after acquiring an additional 6,666 shares during the period. Charles Schwab Investment Management Inc. owned 1.17% of Alamo Group worth $26,222,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of Alamo Group by 442.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company’s stock valued at $38,000 after buying an additional 168 shares during the period. US Bancorp DE boosted its holdings in Alamo Group by 0.9% in the fourth quarter. US Bancorp DE now owns 16,761 shares of the industrial products company’s stock valued at $3,116,000 after acquiring an additional 142 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in Alamo Group by 20.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 4,448 shares of the industrial products company’s stock valued at $827,000 after purchasing an additional 758 shares during the period. Hudson Edge Investment Partners Inc. raised its holdings in Alamo Group by 30.5% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 4,666 shares of the industrial products company’s stock worth $867,000 after purchasing an additional 1,091 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of 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 worth $10,585,000 after purchasing an additional 2,200 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analyst Upgrades and Downgrades

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

Alamo Group Stock Up 1.3 %

Shares of NYSE:ALG opened at $188.28 on Tuesday. The firm has a fifty day moving average price of $183.32 and a two-hundred day moving average price of $184.27. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 18.96 and a beta of 1.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. Alamo Group Inc. has a one year low of $163.74 and a one year high of $228.88.

Alamo Group (NYSE:ALG) last released its earnings results on Thursday, February 27th. The industrial products company reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.16. The company had revenue of $385.32 million during the quarter, compared to the consensus estimate of $396.85 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. Analysts anticipate that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were given a dividend of $0.30 per share. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, January 16th. Alamo Group’s dividend payout ratio (DPR) is 12.46%.

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.