Advantage Alpha Capital Partners LP Acquires New Holdings in Alamo Group Inc. (NYSE:ALG)

Advantage Alpha Capital Partners LP bought a new position in Alamo Group Inc. (NYSE:ALG) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,732 shares of the industrial products company’s stock, valued at approximately $3,014,000.

A number of other hedge funds have also added to or reduced their stakes in ALG. Charles Schwab Investment Management Inc. boosted its stake in shares of Alamo Group by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,379 shares of the industrial products company’s stock worth $24,206,000 after buying an additional 7,203 shares during the last quarter. Intech Investment Management LLC bought a new position in Alamo Group in the third quarter valued at about $484,000. Aurora Investment Counsel boosted its position in Alamo Group by 1.5% in the third quarter. Aurora Investment Counsel now owns 5,742 shares of the industrial products company’s stock worth $1,034,000 after purchasing an additional 85 shares during the last quarter. Quest Partners LLC grew its stake in shares of Alamo Group by 2,243.2% during the 3rd quarter. Quest Partners LLC now owns 5,319 shares of the industrial products company’s stock valued at $958,000 after purchasing an additional 5,092 shares during the period. Finally, Huntington National Bank increased its position in shares of Alamo Group by 10.4% during the 3rd quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 63 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alamo Group

In related news, EVP Edward Rizzuti sold 276 shares of Alamo Group stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $195.88, for a total transaction of $54,062.88. Following the completion of the transaction, the executive vice president now directly owns 8,439 shares of the company’s stock, valued at approximately $1,653,031.32. The trade was a 3.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Hodges Raborn sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $181.28, for a total value of $54,384.00. Following the transaction, the executive vice president now owns 11,061 shares of the company’s stock, valued at $2,005,138.08. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Alamo Group Price Performance

Shares of Alamo Group stock opened at $202.72 on Tuesday. The firm has a market cap of $2.44 billion, a PE ratio of 20.41 and a beta of 1.08. The stock has a 50 day moving average of $182.27 and a 200 day moving average of $181.26. 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 12 month low of $163.74 and a 12 month high of $231.40.

Alamo Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Tuesday, October 15th. Alamo Group’s dividend payout ratio is presently 10.47%.

Analyst Upgrades and Downgrades

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

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.