Alamo Group Inc
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ALG Alamo Group Inc
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Industrials : Machinery | Small Cap Blend
Company profile

Alamo Group Inc. is engaged in designing, manufacturing and servicing quality vegetation management and infrastructure maintenance equipment for governmental, industrial and agricultural use. The Company operates through two segments: Vegetation Management Division and Industrial Equipment Division. The Vegetation Management Division includes all its agricultural activities and mowing and forestry/tree care operations, including Morbark and Dutch Power business. The Industrial Equipment Division includes its vocational truck business and other industrial operations, such as excavators, vacuum trucks, street sweepers, and snow removal equipment. The Company sells its products primarily through a network of independent dealers and distributors to governmental end-users, related independent contractors, as well as to the agricultural and commercial turf markets. The Company operates approximately 29 plants in North America, South America, Europe and Australia.

Day's Change
0.92 (0.63%)
B/A Size
Day's High
Day's Low
(Below Average)

Today's volume of 17,663 shares is on pace to be lower than ALG's 10-day average volume of 38,473 shares.


Meet the Most Trusted Financial companies in 2022, according to MarketWatch and IBD survey

12:45 pm ET August 29, 2022 (MarketWatch)

By MarketWatch

USAA and Vanguard nab the top spots overall, while units of JPMorgan Chase, Primerica and AllianceBernstein make their ranking debut

Against a backdrop of rising interest rates, higher inflation and stock-market uncertainty, divisions of USAA, Fidelity and Vanguard emerged at the top of the list of companies boasting strong trustworthiness.

In partnership with sister publication Investor's Business Daily, MarketWatch sought to identify the banks, brokers, wealth managers, insurers, fund and investing companies, and credit-card operators that ranked highest for trust among customers and clients.

USAA emerged with the highest trust rating overall, 85.3, for its automobile-insurance unit, and its home-insurance division came in seventh (check out the complete list below).

USAA sells insurance to current and former U.S. military members as well as their spouses and children.

Vanguard's fund business, including its low-cost exchange-traded funds, were No. 2 overall on the list, while Vanguard's online brokerage platform, Vanguard Brokerage, put in a fifth-place showing overall and was tops among online brokerage platforms.

USAA and Vanguard in the top two spots overall represent a repeat of last year, but there were some notable additions.

Insurer Primerica Inc. (PRI), which hadn't previously ranked in the Most Trust Financial Companies survey, was No. 3 overall for its life-insurance unit. Meanwhile, the fund businesses of AllianceBernstein (AB) and JPMorgan Chase & Co. (JPM) also were new to the list, coming in this year at Nos. 6 and 10 overall.

IBD's most-trusted list made its debut in 2020 to help consumers decide where to turn for financial products and services, and this is the first year that MarketWatch has been involved in the effort.

The Most Trusted Financial Companies list is based on a survey conducted over the previous two months in which more than 6,000 respondents rated their financial service providers on trust attributes identified as most important to them.

This year, we asked customers which companies rank highest on seven attributes -- up from five in 2021:

25 Most Trusted Financial Companies

Rank  Company                      Category                                                                                                       Trust rating 
1     USAA                         Automobile insurance                                                                                           85.3 
2     Vanguard                     ETF/fund companies                                                                                             83.6 
3     Primerica                    Life insurance                                                                                                 83.4 
4     Fidelity Investments         ETF/fund companies                                                                                             79.5 
5     Vanguard Brokerage           Online brokers                                                                                                 78.6 
6     AllianceBernstein            ETF/fund companies                                                                                             77.9 
7     USAA                         Home insurance                                                                                                 76.8 
8     American Express             Credit card                                                                                                    76.4 
9     Discover                     Credit card                                                                                                    76.1 
10    Fidelity Wealth Management   Wealth managers                                                                                                76 
10    JPMorgan Funds               ETF/fund companies                                                                                             76 
12    AIG                          Home insurance                                                                                                 75.8 
13    Charles Schwab               ETF/fund companies                                                                                             75.6 
14    Fidelity                     Online brokers                                                                                                 75.2 
15    Schwab Private Client        Wealth managers                                                                                                75.1 
16    Ameriprise Financial         Wealth managers                                                                                                74.9 
17    Charles Schwab               Online brokers                                                                                                 74.5 
18    TD Ameritrade                Online brokers                                                                                                 73.8 
19    New York Life                Life insurance                                                                                                 72.5 
19    USAA                         ETF/fund companies                                                                                             72.5 
21    State Farm Insurance         Automobile insurance                                                                                           71.2 
21    State Farm Insurance         Home insurance                                                                                                 71.2 
23    Progressive                  Home insurance                                                                                                 71.1 
24    Geico Insurance              Automobile insurance                                                                                           70.9 
24    Wells Fargo Advantage Funds  ETF/fund companies                                                                                             70.9 
                                   Source: IBD/TIPP/MarketWatch Poll of more than 6,000 respondents. Polls were conducted in June and July 2022. 

An overall trust index was calculated based on customer ratings for the attributes. Check out the survey methodology here and the complete list on IBD with additional coverage.

(Editor's note: IBD and MarketWatch started out its survey with eight attributes this year but reduced it to seven.)



(END) Dow Jones Newswires

August 29, 2022 12:45 ET (16:45 GMT)

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