California Public Employees Retirement System trimmed its position in Alamo Group, Inc. (NYSE:ALG) by 22.0% during the first quarter, Holdings Channel reports. The institutional investor owned 19,950 shares of the industrial products company’s stock after selling 5,614 shares during the quarter. California Public Employees Retirement System’s holdings in Alamo Group were worth $1,994,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ALG. First Interstate Bank lifted its stake in Alamo Group by 11.3% in the 1st quarter. First Interstate Bank now owns 1,581 shares of the industrial products company’s stock worth $158,000 after purchasing an additional 161 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Alamo Group by 39.0% during the 4th quarter. Xact Kapitalforvaltning AB now owns 4,279 shares of the industrial products company’s stock valued at $331,000 after buying an additional 1,200 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new stake in shares of Alamo Group during the 4th quarter valued at $425,000. First Trust Advisors LP raised its position in shares of Alamo Group by 141.2% during the 4th quarter. First Trust Advisors LP now owns 16,596 shares of the industrial products company’s stock valued at $1,283,000 after buying an additional 9,715 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Alamo Group by 4.1% during the 3rd quarter. Morgan Stanley now owns 53,716 shares of the industrial products company’s stock valued at $4,921,000 after buying an additional 2,130 shares in the last quarter. 94.71% of the stock is currently owned by institutional investors and hedge funds.

Alamo Group stock opened at $97.63 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.79 and a current ratio of 4.63. The firm has a market cap of $1.15 billion, a PE ratio of 16.48 and a beta of 0.91. Alamo Group, Inc. has a fifty-two week low of $72.50 and a fifty-two week high of $106.19.

Alamo Group (NYSE:ALG) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.08). The company had revenue of $261.93 million for the quarter. Alamo Group had a net margin of 7.18% and a return on equity of 13.97%.

In other news, CEO Ronald A. Robinson sold 9,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $97.55, for a total transaction of $877,950.00. Following the sale, the chief executive officer now owns 245,229 shares in the company, valued at approximately $23,922,088.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Richard Hodges Raborn sold 500 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $98.88, for a total transaction of $49,440.00. Following the sale, the executive vice president now owns 6,903 shares in the company, valued at approximately $682,568.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,319 shares of company stock worth $3,432,385. Corporate insiders own 3.29% of the company’s stock.

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About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-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.

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

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