Rice Hall James & Associates LLC cut its position in Alamo Group Inc. (NYSE:ALG – Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,500 shares of the industrial products company’s stock after selling 413 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Alamo Group were worth $3,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning lifted its stake in Alamo Group by 33.2% in the 3rd quarter. Creative Planning now owns 2,004 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 499 shares in the last quarter. Advantage Alpha Capital Partners LP purchased a new stake in Alamo Group in the 3rd quarter worth approximately $3,014,000. Barclays PLC lifted its stake in Alamo Group by 204.7% in the 3rd quarter. Barclays PLC now owns 22,417 shares of the industrial products company’s stock worth $4,039,000 after purchasing an additional 15,061 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Alamo Group by 14.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 76,555 shares of the industrial products company’s stock worth $13,790,000 after purchasing an additional 9,710 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Alamo Group by 2.6% in the 3rd quarter. State Street Corp now owns 391,728 shares of the industrial products company’s stock worth $70,562,000 after buying an additional 10,013 shares during the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.
Alamo Group Price Performance
Shares of NYSE:ALG opened at $187.02 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.15 and a quick ratio of 2.39. Alamo Group Inc. has a one year low of $163.74 and a one year high of $228.88. The company’s fifty day moving average price is $185.46 and its 200-day moving average price is $183.27. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 18.83 and a beta of 1.10.
Alamo Group Increases Dividend
Insider Activity at Alamo Group
In related news, VP Janet S. Pollock sold 257 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $193.41, for a total transaction of $49,706.37. Following the transaction, the vice president now owns 3,360 shares of the company’s stock, valued at approximately $649,857.60. This trade represents a 7.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by insiders.
Analyst Ratings Changes
A number of brokerages have recently commented on ALG. StockNews.com lowered shares of Alamo Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Robert W. Baird increased their price target on shares of Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, November 4th.
Check Out Our Latest Stock Report on ALG
About Alamo Group
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.
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