Chicago Equity Partners LLC acquired a new stake in shares of Alamo Group, Inc. (NYSE:ALG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,600 shares of the industrial products company’s stock, valued at approximately $781,000. Chicago Equity Partners LLC owned about 0.07% of Alamo Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Alamo Group by 4.6% during the 2nd quarter. Principal Financial Group Inc. now owns 78,961 shares of the industrial products company’s stock valued at $7,171,000 after acquiring an additional 3,490 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Alamo Group by 80.9% during the 2nd quarter. Prudential Financial Inc. now owns 62,659 shares of the industrial products company’s stock valued at $5,690,000 after acquiring an additional 28,030 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Alamo Group during the 2nd quarter valued at $2,058,000. BNP Paribas Arbitrage SA lifted its position in shares of Alamo Group by 62.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,789 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 1,077 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Alamo Group by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 17,171 shares of the industrial products company’s stock valued at $1,559,000 after acquiring an additional 1,414 shares during the last quarter. Institutional investors own 90.30% of the company’s stock.

ALG has been the subject of a number of recent research reports. ValuEngine upgraded Alamo Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Alamo Group from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Wednesday, September 6th. BidaskClub lowered Alamo Group from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Piper Jaffray Companies set a $104.00 target price on Alamo Group and gave the company a “buy” rating in a report on Friday, August 25th. One investment 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’s stock. The company currently has an average rating of “Hold” and a consensus price target of $95.67.

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In other news, EVP Richard Hodges Raborn sold 364 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $92.19, for a total value of $33,557.16. Following the completion of the transaction, the executive vice president now owns 4,500 shares of the company’s stock, valued at approximately $414,855. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David W. Grzelak sold 2,201 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $92.18, for a total transaction of $202,888.18. Following the completion of the transaction, the director now directly owns 1,325 shares of the company’s stock, valued at approximately $122,138.50. The disclosure for this sale can be found here. 3.99% of the stock is owned by insiders.

Shares of Alamo Group, Inc. (NYSE ALG) opened at 90.75 on Monday. The stock has a 50 day moving average price of $91.46 and a 200-day moving average price of $84.58. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 23.33 and a beta of 0.96. Alamo Group, Inc. has a 12-month low of $58.30 and a 12-month high of $95.62.

Alamo Group (NYSE:ALG) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.05. Alamo Group had a net margin of 5.32% and a return on equity of 11.78%. The company had revenue of $213.28 million during the quarter, compared to analyst estimates of $217.90 million. Equities analysts anticipate that Alamo Group, Inc. will post $4.21 EPS for the current fiscal year.

Alamo Group 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.

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

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