16,732 Shares in Alamo Group Inc. (NYSE:ALG) Bought by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP purchased a new stake in shares of Alamo Group Inc. (NYSE:ALG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 16,732 shares of the industrial products company’s stock, valued at approximately $3,014,000. Advantage Alpha Capital Partners LP owned 0.14% of Alamo Group as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ALG. Creative Planning grew its position in shares of Alamo Group by 33.2% in the 3rd quarter. Creative Planning now owns 2,004 shares of the industrial products company’s stock worth $361,000 after buying an additional 499 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Alamo Group by 16.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 372,938 shares of the industrial products company’s stock valued at $64,518,000 after acquiring an additional 52,250 shares in the last quarter. Janus Henderson Group PLC increased its position in Alamo Group by 42.4% during the 1st quarter. Janus Henderson Group PLC now owns 172,320 shares of the industrial products company’s stock valued at $39,346,000 after purchasing an additional 51,292 shares during the period. Renaissance Technologies LLC bought a new position in Alamo Group in the 2nd quarter worth $4,290,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Alamo Group by 7.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company’s stock valued at $115,626,000 after purchasing an additional 45,422 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Alamo Group Trading Up 2.3 %

Shares of NYSE ALG opened at $202.72 on Tuesday. Alamo Group Inc. has a 1 year low of $163.74 and a 1 year high of $231.40. 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 50-day moving average of $182.27 and a 200 day moving average of $181.26. The stock has a market cap of $2.44 billion, a P/E ratio of 20.41 and a beta of 1.08.

Alamo Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.51%. Alamo Group’s dividend payout ratio is currently 10.47%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, EVP Richard Hodges Raborn sold 300 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $181.28, for a total value of $54,384.00. Following the transaction, the executive vice president now owns 11,061 shares in the company, valued at $2,005,138.08. The trade was a 2.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $54,062.88. Following the completion of the transaction, the executive vice president now directly owns 8,439 shares of the company’s stock, valued at $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. 1.40% of the stock is currently owned by company 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.