Harbor Capital Advisors Inc. Purchases 286 Shares of Alamo Group Inc. (NYSE:ALG)

Harbor Capital Advisors Inc. raised its position in Alamo Group Inc. (NYSE:ALG) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,735 shares of the industrial products company’s stock after purchasing an additional 286 shares during the period. Harbor Capital Advisors Inc. owned 0.39% of Alamo Group worth $8,689,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Alamo Group by 7.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company’s stock worth $115,626,000 after buying an additional 45,422 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Alamo Group by 7.4% during the 3rd quarter. Victory Capital Management Inc. now owns 415,424 shares of the industrial products company’s stock valued at $74,830,000 after acquiring an additional 28,786 shares during the last quarter. State Street Corp grew its holdings in shares of Alamo Group by 2.6% during the third quarter. State Street Corp now owns 391,728 shares of the industrial products company’s stock worth $70,562,000 after purchasing an additional 10,013 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of Alamo Group by 17.1% in the second quarter. Westwood Holdings Group Inc. now owns 344,713 shares of the industrial products company’s stock worth $59,635,000 after purchasing an additional 50,327 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Alamo Group by 0.3% in the third quarter. Geode Capital Management LLC now owns 232,198 shares of the industrial products company’s stock valued at $41,834,000 after purchasing an additional 670 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their price target 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.

Insiders Place Their Bets

In other Alamo Group news, EVP Edward Rizzuti sold 276 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $195.88, for a total value of $54,062.88. Following the completion of the sale, the executive vice president now directly owns 8,439 shares of the company’s stock, valued at $1,653,031.32. The trade was a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Janet S. Pollock sold 257 shares of the firm’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 trade represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Alamo Group Price Performance

NYSE ALG traded down $4.79 during trading hours on Friday, reaching $171.36. 32,702 shares of the stock traded hands, compared to its average volume of 92,248. The stock has a 50 day simple moving average of $191.79 and a two-hundred day simple moving average of $182.13. Alamo Group Inc. has a 1 year low of $163.74 and a 1 year high of $231.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 17.26 and a beta of 1.11.

Alamo Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Thursday, January 16th will be given a $0.30 dividend. This is an increase from Alamo Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. Alamo Group’s payout ratio is presently 12.08%.

Alamo Group Company 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.