USA Financial Portformulas Corp Invests $317,000 in Alamo Group, Inc. (ALG) Stock

USA Financial Portformulas Corp purchased a new position in Alamo Group, Inc. (NYSE:ALG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,487 shares of the industrial products company’s stock, valued at approximately $317,000.

A number of other institutional investors have also bought and sold shares of the business. Acrospire Investment Management LLC increased its position in shares of Alamo Group by 150.1% in the second quarter. Acrospire Investment Management LLC now owns 1,173 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 704 shares during the period. Pinebridge Investments L.P. increased its position in shares of Alamo Group by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 1,248 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 17 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Alamo Group by 10.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,712 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 156 shares during the period. Mason Street Advisors LLC increased its position in shares of Alamo Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,207 shares of the industrial products company’s stock valued at $168,000 after acquiring an additional 144 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Alamo Group by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 1,865 shares of the industrial products company’s stock valued at $169,000 after acquiring an additional 825 shares during the period. 90.32% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “USA Financial Portformulas Corp Invests $317,000 in Alamo Group, Inc. (ALG) Stock” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/20/usa-financial-portformulas-corp-invests-317000-in-alamo-group-inc-alg-stock.html.

A number of equities analysts have issued reports on ALG shares. ValuEngine upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Alamo Group from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Wednesday, September 6th. Piper Jaffray Companies restated a “buy” rating and issued a $90.00 price objective on shares of Alamo Group in a research report on Friday, July 14th. Finally, BidaskClub cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $99.33.

Shares of Alamo Group, Inc. (NYSE ALG) traded up 0.06% during trading on Friday, hitting $108.45. 6,820 shares of the company traded hands. Alamo Group, Inc. has a 52 week low of $58.30 and a 52 week high of $111.02. The company has a 50 day moving average price of $101.85 and a 200 day moving average price of $90.48. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 27.88 and a beta of 0.95.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $1.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.05. The company had revenue of $213.28 million for the quarter, compared to the consensus estimate of $217.90 million. Alamo Group had a net margin of 5.32% and a return on equity of 11.78%. On average, analysts expect that Alamo Group, Inc. will post $4.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Monday, October 16th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date is Friday, October 13th. Alamo Group’s dividend payout ratio is presently 10.28%.

In related news, VP Geoff Davies sold 4,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $98.16, for a total value of $392,640.00. Following the transaction, the vice president now owns 3,800 shares of the company’s stock, valued at approximately $373,008. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Hodges Raborn sold 364

A number of other institutional investors have also bought and sold shares of the business. Acrospire Investment Management LLC increased its position in shares of Alamo Group by 150.1% in the second quarter. Acrospire Investment Management LLC now owns 1,173 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 704 shares during the period. Pinebridge Investments L.P. increased its position in shares of Alamo Group by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 1,248 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 17 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Alamo Group by 10.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,712 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 156 shares during the period. Mason Street Advisors LLC increased its position in shares of Alamo Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 2,207 shares of the industrial products company’s stock valued at $168,000 after acquiring an additional 144 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Alamo Group by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 1,865 shares of the industrial products company’s stock valued at $169,000 after acquiring an additional 825 shares during the period. 90.32% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “USA Financial Portformulas Corp Invests $317,000 in Alamo Group, Inc. (ALG) Stock” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/20/usa-financial-portformulas-corp-invests-317000-in-alamo-group-inc-alg-stock.html.

A number of equities analysts have issued reports on ALG shares. ValuEngine upgraded shares of Alamo Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Alamo Group from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Wednesday, September 6th. Piper Jaffray Companies restated a “buy” rating and issued a $90.00 price objective on shares of Alamo Group in a research report on Friday, July 14th. Finally, BidaskClub cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $99.33.

Shares of Alamo Group, Inc. (NYSE ALG) traded up 0.06% during trading on Friday, hitting $108.45. 6,820 shares of the company traded hands. Alamo Group, Inc. has a 52 week low of $58.30 and a 52 week high of $111.02. The company has a 50 day moving average price of $101.85 and a 200 day moving average price of $90.48. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 27.88 and a beta of 0.95.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $1.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.05. The company had revenue of $213.28 million for the quarter, compared to the consensus estimate of $217.90 million. Alamo Group had a net margin of 5.32% and a return on equity of 11.78%. On average, analysts expect that Alamo Group, Inc. will post $4.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Monday, October 16th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date is Friday, October 13th. Alamo Group’s dividend payout ratio is presently 10.28%.

In related news, VP Geoff Davies sold 4,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $98.16, for a total value of $392,640.00. Following the transaction, the vice president now owns 3,800 shares of the company’s stock, valued at approximately $373,008. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Hodges Raborn sold 364 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $92.19, for a total transaction of $33,557.16. Following the completion of the transaction, the executive vice president now directly owns 4,500 shares in the company, valued at approximately $414,855. The disclosure for this sale can be found here. Company insiders own 3.99% of the company’s stock.

Alamo Group Profile

Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.

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

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