Sei Investments Co. Has $3.82 Million Holdings in Alamo Group Inc. (NYSE:ALG)

Sei Investments Co. boosted its stake in Alamo Group Inc. (NYSE:ALG) by 20.7% during the 4th quarter, HoldingsChannel reports. The fund owned 20,539 shares of the industrial products company’s stock after acquiring an additional 3,517 shares during the quarter. Sei Investments Co.’s holdings in Alamo Group were worth $3,819,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALG. American Century Companies Inc. boosted its position in shares of Alamo Group by 54.6% during the fourth quarter. American Century Companies Inc. now owns 13,918 shares of the industrial products company’s stock worth $2,587,000 after buying an additional 4,918 shares during the period. Blueshift Asset Management LLC bought a new position in shares of Alamo Group in the 4th quarter valued at about $431,000. Teacher Retirement System of Texas grew its holdings in shares of Alamo Group by 32.1% in the 4th quarter. Teacher Retirement System of Texas now owns 37,408 shares of the industrial products company’s stock valued at $6,955,000 after acquiring an additional 9,087 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Alamo Group by 63.9% in the fourth quarter. Intech Investment Management LLC now owns 4,405 shares of the industrial products company’s stock valued at $819,000 after acquiring an additional 1,718 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in Alamo Group during the fourth quarter worth about $1,398,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Alamo Group Stock Up 1.2 %

ALG stock opened at $181.81 on Thursday. The business’s fifty day moving average price is $184.67 and its two-hundred day moving average price is $184.93. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 18.31 and a beta of 1.10. Alamo Group Inc. has a fifty-two week low of $163.74 and a fifty-two week high of $224.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39.

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

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.66%. Alamo Group’s dividend payout ratio is presently 12.46%.

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.