Arrowstreet Capital Limited Partnership lowered its stake in Alamo Group, Inc. (NYSE:ALG) by 71.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,049 shares of the industrial products company’s stock after selling 5,236 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Alamo Group were worth $231,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of ALG. SG Americas Securities LLC acquired a new stake in shares of Alamo Group in the third quarter valued at about $111,000. LS Investment Advisors LLC grew its stake in shares of Alamo Group by 202.6% in the fourth quarter. LS Investment Advisors LLC now owns 1,065 shares of the industrial products company’s stock valued at $120,000 after buying an additional 713 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Alamo Group in the third quarter valued at about $210,000. Capital Fund Management S.A. acquired a new stake in shares of Alamo Group in the fourth quarter valued at about $214,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Alamo Group in the third quarter valued at about $223,000. Institutional investors and hedge funds own 91.51% of the company’s stock.
A number of research firms have recently issued reports on ALG. ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded Alamo Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Alamo Group currently has an average rating of “Hold” and a consensus price target of $105.00.
Alamo Group, Inc. (NYSE ALG) opened at $114.56 on Friday. The company has a market capitalization of $1,345.22, a PE ratio of 30.23 and a beta of 0.94. Alamo Group, Inc. has a 1-year low of $71.67 and a 1-year high of $120.58. The company has a quick ratio of 2.34, a current ratio of 3.87 and a debt-to-equity ratio of 0.13.
Alamo Group (NYSE:ALG) last issued its quarterly earnings results on Thursday, March 1st. The industrial products company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The firm had revenue of $243.26 million during the quarter, compared to the consensus estimate of $229.40 million. Alamo Group had a return on equity of 12.49% and a net margin of 4.86%. equities analysts forecast that Alamo Group, Inc. will post 5.37 EPS for the current fiscal year.
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Alamo Group Company Profile
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.
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