Cambiar Investors LLC Sells 885 Shares of Alamo Group Inc. (NYSE:ALG)

Cambiar Investors LLC reduced its position in shares of Alamo Group Inc. (NYSE:ALG) by 7.9% in the fourth quarter, Holdings Channel reports. The fund owned 10,352 shares of the industrial products company’s stock after selling 885 shares during the quarter. Cambiar Investors LLC’s holdings in Alamo Group were worth $1,925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALG. Entropy Technologies LP bought a new stake in Alamo Group during the fourth quarter worth approximately $226,000. GHP Investment Advisors Inc. boosted its holdings in shares of Alamo Group by 8.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 11,152 shares of the industrial products company’s stock worth $2,073,000 after purchasing an additional 900 shares during the period. Choreo LLC bought a new position in shares of Alamo Group during the 4th quarter valued at approximately $201,000. KBC Group NV increased its position in shares of Alamo Group by 57.1% during the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 189 shares during the last quarter. Finally, Tributary Capital Management LLC raised its holdings in Alamo Group by 16.0% during the 4th quarter. Tributary Capital Management LLC now owns 116,584 shares of the industrial products company’s stock valued at $21,674,000 after buying an additional 16,093 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Alamo Group Trading Up 0.9 %

ALG opened at $187.49 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The stock’s 50 day moving average price is $186.67 and its 200-day moving average price is $183.48. Alamo Group Inc. has a one year low of $163.74 and a one year high of $231.40. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 18.88 and a beta of 1.10.

Alamo Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Thursday, January 16th were paid a $0.30 dividend. This is a positive change from Alamo Group’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, January 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.64%. Alamo Group’s dividend payout ratio (DPR) is presently 12.08%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. StockNews.com lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Tuesday.

Insider Transactions at Alamo Group

In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $193.41, for a total value of $49,706.37. Following the transaction, the vice president now directly owns 3,360 shares in the company, valued at $649,857.60. This represents a 7.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Alamo Group Profile

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.