GSA Capital Partners LLP Has $248,000 Holdings in Alamo Group, Inc. $ALG

GSA Capital Partners LLP decreased its holdings in shares of Alamo Group, Inc. (NYSE:ALG) by 77.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,298 shares of the industrial products company’s stock after selling 4,335 shares during the quarter. GSA Capital Partners LLP’s holdings in Alamo Group were worth $248,000 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 the stock. Vanguard Group Inc. boosted its stake in shares of Alamo Group by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 785,735 shares of the industrial products company’s stock valued at $149,997,000 after purchasing an additional 9,571 shares in the last quarter. First Trust Advisors LP lifted its stake 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 purchasing an additional 85,478 shares during the last quarter. Geode Capital Management LLC boosted its position in Alamo Group by 2.1% in the second quarter. Geode Capital Management LLC now owns 243,470 shares of the industrial products company’s stock valued at $53,176,000 after buying an additional 4,927 shares in the last quarter. Wasatch Advisors LP acquired a new stake in Alamo Group in the second quarter valued at approximately $51,427,000. Finally, Tributary Capital Management LLC grew its stake in shares of Alamo Group by 92.5% during the third quarter. Tributary Capital Management LLC now owns 203,742 shares of the industrial products company’s stock worth $38,895,000 after buying an additional 97,898 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

Alamo Group Price Performance

Alamo Group stock opened at $213.51 on Friday. The stock’s 50 day moving average is $193.64 and its 200 day moving average is $189.48. Alamo Group, Inc. has a one year low of $156.29 and a one year high of $233.29. The firm has a market cap of $2.59 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.19 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.

Alamo Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Stockholders of record on Friday, January 16th were given 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 is currently 14.11%.

Analyst Ratings Changes

Several research firms recently weighed in on ALG. CJS Securities raised Alamo Group to a “strong-buy” rating in a report on Thursday, December 11th. Wall Street Zen downgraded Alamo Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Alamo Group in a research note on Monday, December 29th. Zacks Research upgraded Alamo Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, DA Davidson dropped their price objective on shares of Alamo Group from $225.00 to $190.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. One equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.33.

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.