Jane Street Group LLC Has $2.68 Million Position in Alamo Group Inc. (NYSE:ALG)

Jane Street Group LLC decreased its position in Alamo Group Inc. (NYSE:ALG - Free Report) by 30.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ALG. Barclays PLC grew its stake in shares of Alamo Group by 204.7% during the 3rd quarter. Barclays PLC now owns 22,417 shares of the industrial products company's stock worth $4,039,000 after acquiring an additional 15,061 shares in the last quarter. Argent Capital Management LLC boosted its holdings in shares of Alamo Group by 38.8% in the 4th quarter. Argent Capital Management LLC now owns 4,239 shares of the industrial products company's stock valued at $788,000 after buying an additional 1,184 shares during the last quarter. Heritage Family Offices LLP bought a new position in shares of Alamo Group in the fourth quarter valued at $233,000. ZWJ Investment Counsel Inc. acquired a new position in Alamo Group during the fourth quarter worth $203,000. Finally, SG Americas Securities LLC acquired a new position in Alamo Group during the fourth quarter worth $293,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Richard Hodges Raborn sold 500 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $201.84, for a total value of $100,920.00. Following the transaction, the executive vice president now owns 12,948 shares in the company, valued at approximately $2,613,424.32. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffery Allen Leonard sold 3,500 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $201.52, for a total transaction 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. This represents 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 company insiders.

Alamo Group Stock Performance

Alamo Group stock traded down $0.28 during trading hours on Tuesday, hitting $203.46. The company had a trading volume of 2,086 shares, compared to its average volume of 94,404. The firm has a 50-day moving average of $177.97 and a 200 day moving average of $184.48. 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 firm has a market cap of $2.46 billion, a PE ratio of 20.51 and a beta of 1.02. Alamo Group Inc. has a one year low of $157.07 and a one year high of $205.62.

Alamo Group (NYSE:ALG - Get Free Report) last announced its earnings results on Thursday, May 8th. The industrial products company reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.33 by $0.32. The company had revenue of $390.95 million for the quarter, compared to analyst estimates of $391.08 million. Alamo Group had a return on equity of 12.41% and a net margin of 7.19%. On average, sell-side analysts expect that Alamo Group Inc. will post 9.53 earnings per share for the current year.

Alamo Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders 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 dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, April 16th. Alamo Group's dividend payout ratio is currently 12.50%.

Wall Street Analyst Weigh In

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

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.