Barclays PLC Has $4.04 Million Stock Holdings in Alamo Group Inc. (NYSE:ALG)

Barclays PLC boosted its holdings in Alamo Group Inc. (NYSE:ALG) by 204.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,417 shares of the industrial products company’s stock after acquiring an additional 15,061 shares during the quarter. Barclays PLC owned 0.19% of Alamo Group worth $4,039,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP bought a new stake in shares of Alamo Group in the 3rd quarter valued at approximately $35,759,000. Allspring Global Investments Holdings LLC grew its position in 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 acquiring an additional 193,463 shares during the period. Assenagon Asset Management S.A. raised its stake in Alamo Group by 1,486.1% during the third quarter. Assenagon Asset Management S.A. now owns 71,186 shares of the industrial products company’s stock worth $12,823,000 after acquiring an additional 66,698 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Alamo Group by 17.1% during the second quarter. Westwood Holdings Group Inc. now owns 344,713 shares of the industrial products company’s stock valued at $59,635,000 after acquiring an additional 50,327 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Alamo Group by 9.4% in the 2nd quarter. Victory Capital Management Inc. now owns 386,638 shares of the industrial products company’s stock valued at $66,888,000 after purchasing an additional 33,190 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Alamo Group Stock Performance

Shares of NYSE:ALG opened at $188.34 on Monday. The business has a fifty day moving average of $189.39 and a 200-day moving average of $181.79. 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 twelve month low of $163.74 and a twelve month high of $231.40. The firm has a market cap of $2.27 billion, a PE ratio of 18.97 and a beta of 1.10.

Alamo Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Tuesday, October 15th. Alamo Group’s dividend payout ratio is presently 10.47%.

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 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 transaction, the vice president now owns 3,360 shares of the company’s stock, valued at approximately $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 hyperlink. Also, EVP Edward Rizzuti sold 276 shares of the business’s 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 of the company’s stock, valued at approximately $1,653,031.32. This trade represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

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

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.