California Public Employees Retirement System lowered its stake in Alamo Group, Inc. (NYSE:ALG) by 2.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,800 shares of the industrial products company’s stock after selling 500 shares during the period. California Public Employees Retirement System’s holdings in Alamo Group were worth $1,432,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its position in Alamo Group by 10.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,712 shares of the industrial products company’s stock valued at $130,000 after buying an additional 156 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Alamo Group during the fourth quarter valued at about $156,000. Mason Street Advisors LLC boosted its position in Alamo Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,207 shares of the industrial products company’s stock valued at $168,000 after buying an additional 144 shares in the last quarter. Stevens Capital Management LP acquired a new position in Alamo Group during the first quarter valued at about $207,000. Finally, Strs Ohio acquired a new position in Alamo Group during the first quarter valued at about $251,000. 88.98% of the stock is owned by institutional investors and hedge funds.

Shares of Alamo Group, Inc. (NYSE ALG) opened at 92.56 on Monday. The firm has a market capitalization of $1.07 billion, a PE ratio of 23.79 and a beta of 0.95. The company has a 50 day moving average price of $92.12 and a 200-day moving average price of $81.98. Alamo Group, Inc. has a 12 month low of $58.30 and a 12 month high of $95.62.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $1.05 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.05. The business had revenue of $213.28 million during the quarter, compared to the consensus estimate of $217.90 million. Alamo Group had a return on equity of 11.78% and a net margin of 5.32%. Equities research analysts expect that Alamo Group, Inc. will post $4.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Monday, July 17th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. Alamo Group’s dividend payout ratio (DPR) is 10.28%.

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Several research analysts have recently issued reports on the company. BidaskClub raised Alamo Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research cut Alamo Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Seaport Global Securities upped their target price on Alamo Group from $71.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, May 8th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $90.00 target price on shares of Alamo Group in a research report on Friday, July 14th.

In related news, VP Dan Edward Malone sold 950 shares of Alamo Group stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $90.75, for a total value of $86,212.50. Following the completion of the transaction, the vice president now directly owns 11,950 shares in the company, valued at $1,084,462.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David W. Grzelak sold 2,201 shares of Alamo Group stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $92.18, for a total value of $202,888.18. Following the completion of the transaction, the director now owns 1,325 shares of the company’s stock, valued at $122,138.50. The disclosure for this sale can be found here. Insiders sold 39,235 shares of company stock valued at $3,314,748 over the last quarter. Insiders own 3.99% of the company’s stock.

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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Institutional Ownership by Quarter for Alamo Group (NYSE:ALG)

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