9,909 Shares in Alamo Group Inc. (NYSE:ALG) Bought by Legato Capital Management LLC

Legato Capital Management LLC bought a new stake in shares of Alamo Group Inc. (NYSE:ALG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,909 shares of the industrial products company's stock, valued at approximately $1,842,000. Legato Capital Management LLC owned 0.08% of Alamo Group at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in Alamo Group by 33.2% during the third quarter. Creative Planning now owns 2,004 shares of the industrial products company's stock valued at $361,000 after purchasing an additional 499 shares in the last quarter. Advantage Alpha Capital Partners LP purchased a new position in shares of Alamo Group in the third quarter worth $3,014,000. Barclays PLC lifted its holdings in shares of Alamo Group by 204.7% in the third quarter. Barclays PLC now owns 22,417 shares of the industrial products company's stock worth $4,039,000 after buying an additional 15,061 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Alamo Group by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 76,555 shares of the industrial products company's stock worth $13,790,000 after buying an additional 9,710 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Alamo Group by 7.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company's stock worth $115,626,000 after buying an additional 45,422 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Robert W. Baird boosted their target price 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. StockNews.com cut shares of Alamo Group from a "buy" rating to a "hold" rating in a research report on Tuesday.

Insider Buying and Selling at Alamo Group

In other news, VP Janet S. Pollock sold 257 shares of the firm's stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.40% of the company's stock.

Alamo Group Trading Down 0.2 %

Shares of NYSE ALG traded down $0.45 during mid-day trading on Friday, reaching $184.77. The company had a trading volume of 52,206 shares, compared to its average volume of 93,119. The business's 50-day moving average is $185.90 and its 200-day moving average is $183.45. 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 stock has a market cap of $2.23 billion, a price-to-earnings ratio of 18.61 and a beta of 1.10. Alamo Group Inc. has a 52 week low of $163.74 and a 52 week high of $228.88.

Alamo Group Increases Dividend

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

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.