Alamo Group Inc. (NYSE:ALG) Holdings Decreased by Jane Street Group LLC

Jane Street Group LLC lowered its position in Alamo Group Inc. (NYSE:ALG - Free Report) by 27.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,694 shares of the industrial products company's stock after selling 7,730 shares during the quarter. Jane Street Group LLC owned 0.17% of Alamo Group worth $3,728,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in shares of Alamo Group in the 3rd quarter valued at $35,759,000. Allspring Global Investments Holdings LLC grew its stake in shares of Alamo Group by 48.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 596,480 shares of the industrial products company's stock valued at $103,191,000 after buying an additional 193,463 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Alamo Group by 1,486.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 71,186 shares of the industrial products company's stock valued at $12,823,000 after buying an additional 66,698 shares during the period. Westwood Holdings Group Inc. lifted its position in Alamo Group by 17.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 344,713 shares of the industrial products company's stock worth $59,635,000 after acquiring an additional 50,327 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its position in Alamo Group by 62.9% during the 2nd quarter. Tributary Capital Management LLC now owns 91,640 shares of the industrial products company's stock worth $15,854,000 after acquiring an additional 35,388 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Insider Buying and Selling

In other news, EVP Edward Rizzuti sold 276 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $195.88, for a total transaction of $54,062.88. Following the sale, the executive vice president now directly owns 8,439 shares in the company, valued at approximately $1,653,031.32. This represents a 3.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Janet S. Pollock sold 257 shares of the business'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 value of $49,706.37. Following the transaction, the vice president now owns 3,360 shares of the company's stock, valued at $649,857.60. This represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Alamo Group Stock Down 3.2 %

Shares of Alamo Group stock traded down $6.17 during trading on Friday, reaching $188.34. The company had a trading volume of 387,095 shares, compared to its average volume of 77,996. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 18.97 and a beta of 1.10. Alamo Group Inc. has a fifty-two week low of $163.74 and a fifty-two week high of $231.40. The firm's fifty day moving average is $189.39 and its 200-day moving average is $181.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15.

Alamo Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Tuesday, October 15th. Alamo Group's dividend payout ratio is currently 10.47%.

Wall Street Analyst Weigh In

ALG has been the topic of a number of recent research reports. DA Davidson boosted their target price on shares of Alamo Group from $209.00 to $219.00 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. 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 report on Monday, November 4th.

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.