SG Americas Securities LLC Makes New Investment in Alamo Group Inc. (NYSE:ALG)

SG Americas Securities LLC acquired a new stake in Alamo Group Inc. (NYSE:ALG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,577 shares of the industrial products company's stock, valued at approximately $293,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its position 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 purchasing an additional 154 shares during the last quarter. JNBA Financial Advisors purchased a new stake in Alamo Group in the 3rd quarter worth approximately $37,000. Huntington National Bank grew its stake in Alamo Group by 10.4% in the 3rd quarter. Huntington National Bank now owns 669 shares of the industrial products company's stock worth $121,000 after acquiring an additional 63 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in Alamo Group by 192.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 812 shares of the industrial products company's stock worth $146,000 after acquiring an additional 534 shares during the period. Finally, ZWJ Investment Counsel Inc. purchased a new stake in shares of Alamo Group during the 4th quarter valued at $203,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Alamo Group Stock Up 0.9 %

ALG stock traded up $1.69 during trading on Friday, reaching $184.98. The stock had a trading volume of 85,263 shares, compared to its average volume of 93,119. Alamo Group Inc. has a 1-year low of $163.74 and a 1-year high of $231.40. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.23 billion, a P/E ratio of 18.63 and a beta of 1.10. The firm has a fifty day moving average price of $187.00 and a 200 day moving average price of $183.52.

Alamo Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Thursday, January 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.65%. This is a positive change from Alamo Group's previous quarterly dividend of $0.26. Alamo Group's payout ratio is currently 12.08%.

Insider Activity

In other news, VP Janet S. Pollock sold 257 shares of the company'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 sale, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. This represents a 7.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Robert W. Baird boosted their price objective 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. StockNews.com cut shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Thursday, January 30th.

Alamo Group 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.