Alamo Group Inc. (NYSE:ALG) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in Alamo Group Inc. (NYSE:ALG - Free Report) by 30.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,415 shares of the industrial products company's stock after selling 6,279 shares during the quarter. Jane Street Group LLC owned 0.12% of Alamo Group worth $2,680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in Alamo Group by 442.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 206 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 168 shares in the last quarter. KBC Group NV raised its stake in shares of Alamo Group by 57.1% in the 4th quarter. KBC Group NV now owns 520 shares of the industrial products company's stock valued at $97,000 after buying an additional 189 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Alamo Group by 6.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the industrial products company's stock valued at $199,000 after buying an additional 69 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Alamo Group during the 4th quarter worth about $200,000. Finally, Choreo LLC bought a new stake in Alamo Group during the 4th quarter worth about $201,000. 92.36% of the stock is currently owned by institutional investors.

Alamo Group Trading Up 0.2%

Shares of NYSE ALG traded up $0.50 during mid-day trading on Monday, hitting $203.69. The stock had a trading volume of 45,319 shares, compared to its average volume of 94,602. 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 Inc. has a 1 year low of $157.07 and a 1 year high of $205.62. The business has a 50 day moving average price of $177.56 and a two-hundred day moving average price of $184.37. The firm has a market cap of $2.46 billion, a P/E ratio of 20.51 and a beta of 1.02.

Alamo Group (NYSE:ALG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The industrial products company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.33 by $0.32. The company had revenue of $390.95 million for the quarter, compared to the consensus estimate of $391.08 million. Alamo Group had a net margin of 7.19% and a return on equity of 12.41%. On average, equities analysts anticipate that Alamo Group Inc. will post 9.53 EPS for the current fiscal year.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Wednesday, April 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Wednesday, April 16th. Alamo Group's dividend payout ratio (DPR) is currently 12.50%.

Analyst Ratings Changes

Several research analysts recently commented on ALG shares. StockNews.com upgraded shares of Alamo Group from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Industrial Alliance Securities set a $217.00 price target on shares of Alamo Group in a report on Monday, March 3rd. Robert W. Baird lowered shares of Alamo Group from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $224.00 to $177.00 in a report on Friday, February 28th. DA Davidson dropped their target price on shares of Alamo Group from $217.00 to $195.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Finally, Baird R W lowered Alamo Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th.

Insider Activity at Alamo Group

In other Alamo Group news, EVP Richard Hodges Raborn sold 500 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $201.84, for a total value of $100,920.00. Following the completion of the transaction, the executive vice president now directly owns 12,948 shares in the company, valued at approximately $2,613,424.32. The trade was a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $201.52, for a total value of $705,320.00. Following the sale, the chief executive officer now owns 40,913 shares in the company, valued at $8,244,787.76. The trade was a 7.88% decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

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.