Alamo Group Inc. (NYSE:ALG) Stock Holdings Lifted by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in shares of Alamo Group Inc. (NYSE:ALG) by 63.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,250 shares of the industrial products company’s stock after purchasing an additional 2,806 shares during the period. Quantbot Technologies LP owned about 0.06% of Alamo Group worth $1,306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALG. Advantage Alpha Capital Partners LP purchased a new stake in shares of Alamo Group in the 3rd quarter valued at approximately $3,014,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Alamo Group by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 134,379 shares of the industrial products company’s stock valued at $24,206,000 after purchasing an additional 7,203 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Alamo Group in the third quarter worth $484,000. Aurora Investment Counsel grew its holdings in shares of Alamo Group by 1.5% during the third quarter. Aurora Investment Counsel now owns 5,742 shares of the industrial products company’s stock valued at $1,034,000 after buying an additional 85 shares in the last quarter. Finally, Quest Partners LLC raised its position in Alamo Group by 2,243.2% during the third quarter. Quest Partners LLC now owns 5,319 shares of the industrial products company’s stock valued at $958,000 after buying an additional 5,092 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on ALG shares. Robert W. Baird raised their price objective on Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. DA Davidson boosted their price objective on shares of Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th.

Insider Activity

In other Alamo Group news, EVP Edward Rizzuti sold 276 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $195.88, for a total transaction of $54,062.88. Following the transaction, the executive vice president now owns 8,439 shares of the company’s stock, valued at approximately $1,653,031.32. This represents a 3.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Alamo Group Price Performance

ALG opened at $199.95 on Friday. The stock has a fifty day moving average price of $183.60 and a 200 day moving average price of $181.39. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 20.14 and a beta of 1.08. 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 1 year low of $163.74 and a 1 year high of $231.40.

Alamo Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.52%. Alamo Group’s payout ratio is 10.47%.

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.