Alamo Group (NYSE:ALG) Downgraded by StockNews.com to Hold

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

Separately, Robert W. Baird lifted 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.

Alamo Group Price Performance

NYSE:ALG opened at $185.86 on Tuesday. 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 stock has a market cap of $2.24 billion, a P/E ratio of 18.72 and a beta of 1.10. The company has a fifty day moving average price of $187.00 and a 200 day moving average price of $183.52. Alamo Group has a one year low of $163.74 and a one year high of $231.40.

Insider Activity

In related news, VP Janet S. Pollock sold 257 shares of the stock in a transaction dated 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 $649,857.60. This trade represents a 7.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Alamo Group

Several large investors have recently added to or reduced their stakes in ALG. Cornerstone Investment Partners LLC increased its holdings in shares of Alamo Group by 2.2% in the fourth quarter. Cornerstone Investment Partners LLC now owns 2,606 shares of the industrial products company’s stock valued at $484,000 after purchasing an additional 56 shares in the last quarter. Huntington National Bank boosted its position in Alamo Group by 10.4% in the 3rd quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock valued at $121,000 after buying an additional 63 shares during the last quarter. Aurora Investment Counsel increased its stake in shares of Alamo Group by 1.5% in the 3rd quarter. Aurora Investment Counsel now owns 5,742 shares of the industrial products company’s stock valued at $1,034,000 after buying an additional 85 shares during the period. FORA Capital LLC increased its stake in shares of Alamo Group by 6.7% in the 3rd quarter. FORA Capital LLC now owns 1,397 shares of the industrial products company’s stock valued at $252,000 after buying an additional 88 shares during the period. Finally, Swiss National Bank raised its position in shares of Alamo Group by 0.5% during the fourth quarter. Swiss National Bank now owns 20,100 shares of the industrial products company’s stock worth $3,737,000 after acquiring an additional 100 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

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.