GSA Capital Partners LLP Purchases New Position in Alamo Group Inc. (NYSE:ALG)

GSA Capital Partners LLP acquired a new position in Alamo Group Inc. (NYSE:ALG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,320 shares of the industrial products company’s stock, valued at approximately $1,138,000.

Other large investors have also recently made changes to their positions in the company. Arizona State Retirement System lifted its stake in shares of Alamo Group by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 3,034 shares of the industrial products company’s stock valued at $525,000 after purchasing an additional 63 shares during the period. Diversified Trust Co lifted its position in Alamo Group by 6.7% during the second quarter. Diversified Trust Co now owns 1,548 shares of the industrial products company’s stock valued at $268,000 after buying an additional 97 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Alamo Group by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 5,200 shares of the industrial products company’s stock valued at $900,000 after buying an additional 100 shares in the last quarter. Aurora Investment Counsel grew its position in shares of Alamo Group by 2.0% in the 1st quarter. Aurora Investment Counsel now owns 5,657 shares of the industrial products company’s stock worth $1,292,000 after buying an additional 112 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Alamo Group by 700.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 154 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Insider Transactions at Alamo Group

In related news, EVP Richard Hodges Raborn sold 300 shares of Alamo Group stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total value of $54,384.00. Following the completion of the sale, the executive vice president now directly owns 11,061 shares in the company, valued at approximately $2,005,138.08. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward Rizzuti sold 322 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $178.29, for a total value of $57,409.38. Following the completion of the transaction, the executive vice president now directly owns 7,765 shares of the company’s stock, valued at approximately $1,384,421.85. This trade represents a 3.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 898 shares of company stock worth $165,856. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

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

Alamo Group Price Performance

ALG opened at $193.43 on Friday. The firm has a market cap of $2.33 billion, a PE ratio of 19.74 and a beta of 1.08. The stock has a 50-day moving average price of $178.91 and a 200-day moving average price of $181.36. 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.

Alamo Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.04 annualized dividend and a yield of 0.54%. Alamo Group’s dividend payout ratio (DPR) is presently 10.47%.

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.