TradeLink Capital LLC Takes $259,000 Position in Alamo Group Inc. (NYSE:ALG)

TradeLink Capital LLC bought a new stake in Alamo Group Inc. (NYSE:ALG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,391 shares of the industrial products company’s stock, valued at approximately $259,000. Alamo Group comprises 2.6% of TradeLink Capital LLC’s holdings, making the stock its 16th largest holding.

A number of other hedge funds have also modified their holdings of the business. Nisa Investment Advisors LLC raised its stake in Alamo Group by 700.0% during the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 154 shares during the period. Smartleaf Asset Management LLC raised its stake in Alamo Group by 442.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 168 shares during the period. KBC Group NV raised its stake in Alamo Group by 57.1% during the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock worth $97,000 after purchasing an additional 189 shares during the period. Huntington National Bank raised its stake in Alamo Group by 10.4% during the third quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 63 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Alamo Group by 192.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company’s stock worth $146,000 after purchasing an additional 534 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Alamo Group Price Performance

Alamo Group stock opened at $183.28 on Friday. The company’s 50 day simple moving average is $183.01 and its 200-day simple moving average is $184.14. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 18.46 and a beta of 1.10. Alamo Group Inc. has a 1 year low of $163.74 and a 1 year high of $228.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15.

Alamo Group (NYSE:ALG) last released its quarterly earnings results on Thursday, February 27th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.16. The business had revenue of $385.32 million for the quarter, compared to the consensus estimate of $396.85 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. As a group, equities research analysts expect that Alamo Group Inc. will post 9.53 earnings per share for the current year.

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Thursday, January 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from Alamo Group’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, January 16th. Alamo Group’s payout ratio is 12.46%.

Wall Street Analyst Weigh In

ALG has been the topic of a number of analyst reports. DA Davidson reduced their target price on shares of Alamo Group from $219.00 to $217.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. StockNews.com downgraded shares of Alamo Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird downgraded shares of Alamo Group from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $224.00 to $177.00 in a research note on Friday, February 28th. Finally, Baird R W downgraded shares of Alamo Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th.

Insider Activity

In related news, VP Janet S. Pollock sold 257 shares of Alamo Group stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $193.41, for a total value of $49,706.37. Following the completion of the transaction, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. The trade was a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.