Alamo Group, Inc. (ALG) Holdings Raised by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in Alamo Group, Inc. (NYSE:ALG) by 12.1% in the 1st quarter, HoldingsChannel reports. The fund owned 70,130 shares of the industrial products company’s stock after acquiring an additional 7,554 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Alamo Group were worth $7,708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Alamo Group by 19.8% in the fourth quarter. BlackRock Inc. now owns 1,825,965 shares of the industrial products company’s stock valued at $206,099,000 after acquiring an additional 301,224 shares in the last quarter. Prudential Financial Inc. boosted its stake in Alamo Group by 23.7% in the first quarter. Prudential Financial Inc. now owns 81,726 shares of the industrial products company’s stock valued at $8,982,000 after acquiring an additional 15,676 shares in the last quarter. Harvest Capital Strategies LLC boosted its stake in Alamo Group by 95.0% in the fourth quarter. Harvest Capital Strategies LLC now owns 39,000 shares of the industrial products company’s stock valued at $4,402,000 after acquiring an additional 19,000 shares in the last quarter. Deutsche Bank AG boosted its stake in Alamo Group by 72.8% in the fourth quarter. Deutsche Bank AG now owns 31,584 shares of the industrial products company’s stock valued at $3,562,000 after acquiring an additional 13,310 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Alamo Group by 25.8% in the fourth quarter. California Public Employees Retirement System now owns 23,147 shares of the industrial products company’s stock valued at $2,613,000 after acquiring an additional 4,747 shares in the last quarter. Institutional investors own 91.30% of the company’s stock.

In other news, CEO Ronald A. Robinson sold 19,500 shares of Alamo Group stock in a transaction on Friday, May 11th. The shares were sold at an average price of $93.23, for a total transaction of $1,817,985.00. Following the completion of the sale, the chief executive officer now directly owns 246,209 shares in the company, valued at $22,954,065.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ronald A. Robinson sold 6,500 shares of Alamo Group stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $92.13, for a total transaction of $598,845.00. Following the sale, the chief executive officer now owns 246,209 shares of the company’s stock, valued at $22,683,235.17. The disclosure for this sale can be found here. Insiders have sold 32,443 shares of company stock valued at $3,027,165 over the last quarter. Insiders own 3.48% of the company’s stock.

NYSE:ALG opened at $93.57 on Tuesday. Alamo Group, Inc. has a 12 month low of $86.41 and a 12 month high of $120.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.83 and a quick ratio of 3.17. The firm has a market cap of $1.09 billion, a PE ratio of 19.84 and a beta of 0.87.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Friday, May 4th. The industrial products company reported $1.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.17). Alamo Group had a return on equity of 12.43% and a net margin of 5.00%. The company had revenue of $238.09 million for the quarter, compared to analyst estimates of $237.70 million. equities analysts predict that Alamo Group, Inc. will post 5.71 EPS for the current year.

Several equities research analysts have weighed in on ALG shares. ValuEngine downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Zacks Investment Research downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Monday, May 7th.

Alamo Group Company Profile

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.

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

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