State Street Corp Has $70.56 Million Holdings in Alamo Group Inc. (NYSE:ALG)

State Street Corp raised its position in shares of Alamo Group Inc. (NYSE:ALG) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 391,728 shares of the industrial products company’s stock after acquiring an additional 10,013 shares during the period. State Street Corp’s holdings in Alamo Group were worth $70,562,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its position in Alamo Group by 700.0% during 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 during the last quarter. JNBA Financial Advisors bought a new position in Alamo Group in the 3rd quarter valued at $37,000. First Horizon Advisors Inc. boosted its stake in Alamo Group by 174.7% in the second quarter. First Horizon Advisors Inc. now owns 250 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 159 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Alamo Group during the second quarter worth $48,000. Finally, Quarry LP acquired a new stake in shares of Alamo Group in the second quarter valued at $48,000. Institutional investors own 92.36% of the company’s stock.

Alamo Group Trading Down 0.0 %

ALG stock opened at $196.51 on Wednesday. The business has a fifty day moving average of $188.22 and a 200-day moving average of $181.64. The company has a market cap of $2.37 billion, a P/E ratio of 19.79 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 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 15th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, October 15th. Alamo Group’s dividend payout ratio (DPR) is presently 10.47%.

Analyst Ratings Changes

ALG has been the topic of several research reports. Robert W. Baird upped their price target 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 target price on shares of Alamo Group from $209.00 to $219.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th.

Insider Transactions at Alamo Group

In other Alamo Group news, EVP Edward Rizzuti sold 276 shares of Alamo Group stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $195.88, for a total transaction of $54,062.88. Following the completion of the sale, the executive vice president now owns 8,439 shares of the company’s stock, valued at approximately $1,653,031.32. The trade was a 3.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Janet S. Pollock sold 257 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $193.41, for a total value of $49,706.37. Following the completion of the transaction, the vice president now directly owns 3,360 shares in the company, valued at approximately $649,857.60. This trade represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

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.