Swiss National Bank Boosts Holdings in Alamo Group Inc. (NYSE:ALG)

Swiss National Bank raised its stake in shares of Alamo Group Inc. (NYSE:ALG) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,100 shares of the industrial products company’s stock after buying an additional 100 shares during the period. Swiss National Bank owned about 0.17% of Alamo Group worth $3,737,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. TradeLink Capital LLC purchased a new position in Alamo Group during the fourth quarter valued at approximately $259,000. Amundi grew its stake in shares of Alamo Group by 186.9% during the 4th quarter. Amundi now owns 5,238 shares of the industrial products company’s stock worth $923,000 after purchasing an additional 3,412 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Alamo Group during the 4th quarter valued at approximately $200,000. Aigen Investment Management LP acquired a new position in shares of Alamo Group in the 4th quarter valued at $206,000. Finally, Victory Capital Management Inc. boosted its holdings in Alamo Group by 8.0% during the fourth quarter. Victory Capital Management Inc. now owns 448,718 shares of the industrial products company’s stock worth $83,421,000 after buying an additional 33,294 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Trading Down 0.7 %

Shares of Alamo Group stock opened at $186.69 on Wednesday. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. Alamo Group Inc. has a twelve month low of $163.74 and a twelve month high of $228.88. The firm has a market capitalization of $2.26 billion, a PE ratio of 18.80 and a beta of 1.10. The firm’s 50-day moving average price is $184.74 and its 200 day moving average price is $184.66.

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, beating the consensus estimate of $2.23 by $0.16. The business had revenue of $385.32 million for 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%. On average, sell-side analysts predict that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Increases Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on ALG. Robert W. Baird cut shares of Alamo Group from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $224.00 to $177.00 in a report on Friday, February 28th. Baird R W lowered Alamo Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. DA Davidson reduced 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 report on Wednesday, March 5th. Finally, Industrial Alliance Securities set a $217.00 target price on Alamo Group in a research note on Monday, March 3rd.

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.