Alamo Group (NYSE:ALG) Lowered to “Hold” Rating by StockNews.com

Alamo Group (NYSE:ALG) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Separately, Robert W. Baird increased their target price on Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th.

Alamo Group Stock Down 1.1 %

ALG stock opened at $188.34 on Thursday. The firm has a market capitalization of $2.27 billion, a PE ratio of 18.97 and a beta of 1.11. The company’s 50 day simple moving average is $189.16 and its 200-day simple moving average is $183.50. Alamo Group has a 12 month low of $163.74 and a 12 month 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.

Insider Transactions at Alamo Group

In other Alamo Group news, VP Janet S. Pollock sold 257 shares of the company’s 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 completion of the sale, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. The trade was a 7.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Edward Rizzuti sold 276 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $195.88, for a total value of $54,062.88. Following the transaction, the executive vice president now 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 disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alamo Group

Several large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its stake in shares of Alamo Group by 700.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock worth $32,000 after buying an additional 154 shares during the last quarter. JNBA Financial Advisors bought a new position in shares of Alamo Group in the third quarter valued at about $37,000. Quarry LP acquired a new stake in Alamo Group during the second quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Alamo Group in the 2nd quarter valued at $48,000. Finally, KBC Group NV grew its stake in shares of Alamo Group by 57.1% in the fourth quarter. KBC Group NV now owns 520 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 189 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

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.