Royce & Associates LP Grows Holdings in Alamo Group, Inc. (ALG)

Royce & Associates LP raised its position in Alamo Group, Inc. (NYSE:ALG) by 73.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 174,278 shares of the industrial products company’s stock after acquiring an additional 73,632 shares during the period. Royce & Associates LP owned about 1.49% of Alamo Group worth $15,966,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG grew its position in shares of Alamo Group by 83.8% in the first quarter. UBS Group AG now owns 1,601 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 730 shares in the last quarter. TD Asset Management Inc. grew its position in shares of Alamo Group by 374.1% in the second quarter. TD Asset Management Inc. now owns 34,137 shares of the industrial products company’s stock valued at $3,085,000 after purchasing an additional 26,937 shares in the last quarter. First Trust Advisors LP grew its position in shares of Alamo Group by 190.4% in the second quarter. First Trust Advisors LP now owns 21,089 shares of the industrial products company’s stock valued at $1,906,000 after purchasing an additional 13,827 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Alamo Group by 54.7% in the second quarter. Victory Capital Management Inc. now owns 713,316 shares of the industrial products company’s stock valued at $64,455,000 after purchasing an additional 252,089 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Alamo Group in the second quarter valued at $679,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Alamo Group stock opened at $80.63 on Wednesday. Alamo Group, Inc. has a 52 week low of $78.66 and a 52 week high of $120.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.27 and a quick ratio of 2.60. The stock has a market cap of $971.80 million, a P/E ratio of 17.41 and a beta of 0.91.

Alamo Group (NYSE:ALG) last posted its earnings results on Thursday, November 1st. The industrial products company reported $1.75 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.75. Alamo Group had a return on equity of 13.85% and a net margin of 6.04%. The business had revenue of $257.57 million during the quarter.

ALG has been the subject of several recent research reports. ValuEngine cut Alamo Group from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Sidoti upgraded Alamo Group from a “neutral” rating to a “buy” rating and set a $104.00 target price for the company in a research report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded Alamo Group from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research report on Tuesday, August 7th.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/12/05/royce-associates-lp-grows-holdings-in-alamo-group-inc-alg.html.

Alamo Group 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.

Further Reading: What is an investor looking for in an SEC filing?

Want to see what other hedge funds are holding ALG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alamo Group, Inc. (NYSE:ALG).

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

Receive News & Ratings for Alamo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamo Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply