Intech Investment Management LLC Has $7.87 Million Stake in Alamo Group, Inc. $ALG

Intech Investment Management LLC raised its holdings in Alamo Group, Inc. (NYSE:ALG) by 474.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,245 shares of the industrial products company’s stock after purchasing an additional 34,071 shares during the period. Intech Investment Management LLC owned approximately 0.34% of Alamo Group worth $7,874,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ALG. Wasatch Advisors LP acquired a new stake in shares of Alamo Group in the second quarter valued at approximately $51,427,000. American Century Companies Inc. increased its stake in Alamo Group by 201.6% during the 2nd quarter. American Century Companies Inc. now owns 153,720 shares of the industrial products company’s stock worth $33,569,000 after acquiring an additional 102,751 shares during the period. Tributary Capital Management LLC increased its stake in Alamo Group by 92.5% during the 3rd quarter. Tributary Capital Management LLC now owns 203,742 shares of the industrial products company’s stock worth $38,895,000 after acquiring an additional 97,898 shares during the period. First Trust Advisors LP raised its holdings in Alamo Group by 28.6% in the 2nd quarter. First Trust Advisors LP now owns 384,190 shares of the industrial products company’s stock valued at $83,899,000 after acquiring an additional 85,478 shares in the last quarter. Finally, River Road Asset Management LLC bought a new stake in shares of Alamo Group during the 2nd quarter valued at $10,222,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Zacks Research upgraded Alamo Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. CJS Securities raised shares of Alamo Group to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Alamo Group in a report on Monday, December 29th. DA Davidson dropped their target price on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Finally, Wall Street Zen downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Alamo Group currently has a consensus rating of “Moderate Buy” and an average target price of $222.33.

Alamo Group Price Performance

ALG stock opened at $213.51 on Friday. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 1.21 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.43 and a quick ratio of 2.72. The company has a 50 day simple moving average of $193.64 and a 200 day simple moving average of $189.73. Alamo Group, Inc. has a 1 year low of $156.29 and a 1 year high of $233.29.

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 16th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.6%. This is a boost from Alamo Group’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, January 16th. Alamo Group’s dividend payout ratio (DPR) is currently 14.11%.

Alamo Group Profile

Alamo Group, Inc engages in the design, manufacture and marketing of equipment for vegetation management, roadside maintenance, agricultural harvesting and industrial applications. The company offers a broad portfolio of products, including boom mowers, flail mowers, rotary cutters, snow removal equipment, slurry seal machines, railcar movers and tow tractors. These offerings are distributed under a variety of brand names and through a network of independent dealerships and distributors, meeting the needs of municipalities, highway departments, agricultural producers and industrial operators.

The company operates through two primary segments: Agricultural and Industrial.