Jane Street Group LLC Has $3.73 Million Stock Holdings in Alamo Group Inc. (NYSE:ALG)

Jane Street Group LLC lowered its stake in Alamo Group Inc. (NYSE:ALG) by 27.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,694 shares of the industrial products company’s stock after selling 7,730 shares during the quarter. Jane Street Group LLC owned about 0.17% of Alamo Group worth $3,728,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in Alamo Group by 700.0% in the third quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock valued at $32,000 after buying an additional 154 shares during the period. JNBA Financial Advisors bought a new stake in shares of Alamo Group in the 3rd quarter valued at about $37,000. First Horizon Advisors Inc. raised its position in shares of Alamo Group by 174.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 159 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Alamo Group during the second quarter valued at approximately $48,000. Finally, Quarry LP bought a new stake in Alamo Group in the second quarter valued at approximately $48,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Insider Transactions at Alamo Group

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 directly owns 3,360 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward Rizzuti sold 276 shares of Alamo Group stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $195.88, for a total value of $54,062.88. Following the transaction, the executive vice president now owns 8,439 shares of the company’s stock, valued at $1,653,031.32. The trade was a 3.17 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. DA Davidson upped their price objective on shares of Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Robert W. Baird raised their price target on Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th.

Alamo Group Trading Down 1.4 %

NYSE:ALG opened at $194.51 on Friday. The company has a market cap of $2.35 billion, a P/E ratio of 19.59 and a beta of 1.10. Alamo Group Inc. has a twelve month low of $163.74 and a twelve month high of $231.40. The business has a 50 day moving average price of $189.16 and a two-hundred day moving average price of $181.84. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21.

Alamo Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders 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 0.53%. The ex-dividend date was Tuesday, October 15th. Alamo Group’s dividend payout ratio (DPR) is 10.47%.

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.