Harvest Capital Strategies LLC raised its stake in shares of Alamo Group, Inc. (NYSE:ALG) by 95.0% during the fourth quarter, HoldingsChannel reports. The firm owned 39,000 shares of the industrial products company’s stock after buying an additional 19,000 shares during the period. Harvest Capital Strategies LLC’s holdings in Alamo Group were worth $4,402,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALG. Millennium Management LLC bought a new position in shares of Alamo Group in the fourth quarter valued at approximately $460,000. Teachers Advisors LLC raised its stake in shares of Alamo Group by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 18,074 shares of the industrial products company’s stock valued at $2,040,000 after acquiring an additional 590 shares during the last quarter. Raymond James & Associates bought a new position in shares of Alamo Group in the fourth quarter valued at approximately $225,000. Two Sigma Investments LP bought a new position in shares of Alamo Group in the fourth quarter valued at approximately $1,072,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of Alamo Group in the fourth quarter valued at approximately $743,000. 91.51% of the stock is currently owned by institutional investors.
In other Alamo Group news, VP Dan Edward Malone sold 900 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $114.39, for a total transaction of $102,951.00. Following the completion of the sale, the vice president now owns 11,150 shares in the company, valued at approximately $1,275,448.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.99% of the company’s stock.
Shares of Alamo Group, Inc. (ALG) opened at $114.81 on Wednesday. The company has a market cap of $1,361.88, a price-to-earnings ratio of 25.42 and a beta of 0.94. Alamo Group, Inc. has a 1 year low of $71.67 and a 1 year high of $120.58. The company has a current ratio of 3.87, a quick ratio of 2.34 and a debt-to-equity ratio of 0.13.
Alamo Group (NYSE:ALG) last issued its earnings results on Thursday, March 1st. The industrial products company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. The company had revenue of $243.26 million during the quarter, compared to analysts’ expectations of $229.40 million. Alamo Group had a net margin of 4.86% and a return on equity of 12.49%. equities research analysts forecast that Alamo Group, Inc. will post 5.37 earnings per share for the current fiscal year.
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About Alamo Group
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.
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