1,577 Shares in Alamo Group Inc. (NYSE:ALG) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Alamo Group Inc. (NYSE:ALG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,577 shares of the industrial products company’s stock, valued at approximately $293,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Alamo Group by 7.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company’s stock valued at $115,626,000 after acquiring an additional 45,422 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Alamo Group by 7.4% in the 3rd quarter. Victory Capital Management Inc. now owns 415,424 shares of the industrial products company’s stock worth $74,830,000 after purchasing an additional 28,786 shares in the last quarter. State Street Corp raised its position in Alamo Group by 2.6% in the third quarter. State Street Corp now owns 391,728 shares of the industrial products company’s stock valued at $70,562,000 after purchasing an additional 10,013 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Alamo Group by 0.3% during 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. Finally, Wellington Management Group LLP acquired a new stake in shares of Alamo Group during the third quarter valued at about $35,759,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analyst Weigh In

ALG has been the subject of several recent research reports. StockNews.com downgraded Alamo Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th. Robert W. Baird raised their price target on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, November 4th.

Insider Buying and Selling at Alamo Group

In related news, VP Janet S. Pollock sold 257 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was 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 of the company’s stock, valued at $649,857.60. This trade represents a 7.11 % 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. Insiders own 1.40% of the company’s stock.

Alamo Group Trading Up 0.0 %

NYSE ALG opened at $181.84 on Thursday. The firm has a market capitalization of $2.19 billion, a PE ratio of 18.31 and a beta of 1.10. The business’s 50-day moving average price is $187.91 and its two-hundred day moving average price is $183.57. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. Alamo Group Inc. has a 12 month low of $163.74 and a 12 month high of $231.40.

Alamo Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Thursday, January 16th were issued a $0.30 dividend. The ex-dividend date was Thursday, January 16th. This is a boost from Alamo Group’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a yield of 0.66%. Alamo Group’s dividend payout ratio is presently 12.08%.

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.