Alamo Group Inc. (NYSE:ALG) Short Interest Update

Alamo Group Inc. (NYSE:ALG) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 370,400 shares, a drop of 6.3% from the November 30th total of 395,100 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average trading volume of 91,800 shares, the short-interest ratio is currently 4.0 days.

Analysts Set New Price Targets

Separately, Robert W. Baird increased their price target on Alamo Group from $204.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, November 4th.

Insider Activity

In related 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 completion of the sale, the vice president now owns 3,360 shares of the company’s stock, valued at approximately $649,857.60. This represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Edward Rizzuti sold 276 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 8,439 shares in the company, valued at $1,653,031.32. The trade was a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Alamo Group

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of Alamo Group by 14.5% during the third quarter. JPMorgan Chase & Co. now owns 76,555 shares of the industrial products company’s stock worth $13,790,000 after acquiring an additional 9,710 shares during the period. Tidal Investments LLC grew its stake in Alamo Group by 3.8% during the 3rd quarter. Tidal Investments LLC now owns 3,093 shares of the industrial products company’s stock worth $557,000 after purchasing an additional 113 shares in the last quarter. Virtu Financial LLC purchased a new stake in Alamo Group during the 3rd quarter worth about $273,000. Geode Capital Management LLC raised its position in Alamo Group by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 232,198 shares of the industrial products company’s stock valued at $41,834,000 after purchasing an additional 670 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Alamo Group by 204.7% in the 3rd quarter. Barclays PLC now owns 22,417 shares of the industrial products company’s stock valued at $4,039,000 after buying an additional 15,061 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Alamo Group Stock Up 0.3 %

Shares of NYSE:ALG opened at $185.91 on Thursday. The firm has a market capitalization of $2.24 billion, a PE ratio of 18.72 and a beta of 1.10. Alamo Group 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’s 50-day moving average is $191.05 and its two-hundred day moving average is $182.09.

Alamo Group Company 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.