UBS Group AG lifted its position in shares of Alamo Group, Inc. (NYSE:ALG) by 83.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,601 shares of the industrial products company’s stock after purchasing an additional 730 shares during the period. UBS Group AG’s holdings in Alamo Group were worth $176,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC lifted its position in shares of Alamo Group by 3.4% during the 4th quarter. Teachers Advisors LLC now owns 18,074 shares of the industrial products company’s stock worth $2,040,000 after purchasing an additional 590 shares during the last quarter. Wells Fargo & Company MN lifted its position in Alamo Group by 4.0% in the first quarter. Wells Fargo & Company MN now owns 19,168 shares of the industrial products company’s stock valued at $2,107,000 after acquiring an additional 745 shares during the last quarter. California Public Employees Retirement System lifted its position in Alamo Group by 3.4% in the first quarter. California Public Employees Retirement System now owns 23,924 shares of the industrial products company’s stock valued at $2,629,000 after acquiring an additional 777 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Alamo Group by 92.2% in the first quarter. Russell Investments Group Ltd. now owns 1,962 shares of the industrial products company’s stock valued at $215,000 after acquiring an additional 941 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Alamo Group by 9.2% in the first quarter. Commonwealth Equity Services LLC now owns 11,203 shares of the industrial products company’s stock valued at $1,231,000 after acquiring an additional 944 shares during the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on ALG. ValuEngine raised shares of Alamo Group from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Zacks Investment Research raised shares of Alamo Group from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a report on Tuesday, August 7th.

In related news, VP Edward Rizzuti sold 374 shares of the firm’s stock in a transaction on Friday, May 18th. The shares were sold at an average price of $99.17, for a total transaction of $37,089.58. Following the completion of the sale, the vice president now directly owns 3,325 shares of the company’s stock, valued at approximately $329,740.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Dan Edward Malone sold 1,964 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $96.13, for a total transaction of $188,799.32. Following the sale, the vice president now directly owns 11,225 shares of the company’s stock, valued at $1,079,059.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,907 shares of company stock worth $279,659. 3.48% of the stock is currently owned by insiders.

Alamo Group opened at $95.52 on Monday, Marketbeat Ratings reports. The company has a current ratio of 4.66, a quick ratio of 2.92 and a debt-to-equity ratio of 0.25. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 20.63 and a beta of 0.87. Alamo Group, Inc. has a fifty-two week low of $86.41 and a fifty-two week high of $120.58.

The business also recently declared a quarterly dividend, which was paid on Friday, July 27th. Shareholders of record on Monday, July 16th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Friday, July 13th. Alamo Group’s dividend payout ratio is currently 9.50%.

About Alamo Group

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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