Alamo Group Inc. (NYSE:ALG) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its holdings in shares of Alamo Group Inc. (NYSE:ALG) by 0.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 20,100 shares of the industrial products company’s stock after buying an additional 100 shares during the quarter. Swiss National Bank’s holdings in Alamo Group were worth $3,737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TradeLink Capital LLC purchased a new stake in Alamo Group in the 4th quarter valued at about $259,000. Amundi increased its position in shares of Alamo Group by 186.9% during the fourth quarter. Amundi now owns 5,238 shares of the industrial products company’s stock valued at $923,000 after acquiring an additional 3,412 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Alamo Group during the fourth quarter valued at about $200,000. Aigen Investment Management LP purchased a new stake in shares of Alamo Group in the 4th quarter valued at approximately $206,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Alamo Group by 8.0% in the 4th quarter. Victory Capital Management Inc. now owns 448,718 shares of the industrial products company’s stock worth $83,421,000 after acquiring an additional 33,294 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Alamo Group Trading Down 0.7 %

Shares of NYSE:ALG opened at $186.69 on Wednesday. The company has a market cap of $2.26 billion, a PE ratio of 18.80 and a beta of 1.10. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $184.74 and its two-hundred day moving average is $184.66. Alamo Group Inc. has a 52 week low of $163.74 and a 52 week high of $228.88.

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

Alamo Group Increases Dividend

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

Wall Street Analyst Weigh In

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

About Alamo Group

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.