Alamo Group Inc. (NYSE:ALG) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lowered its holdings in Alamo Group Inc. (NYSE:ALG) by 20.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,015 shares of the industrial products company’s stock after selling 1,775 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.06% of Alamo Group worth $1,263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in shares of Alamo Group by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 134,379 shares of the industrial products company’s stock worth $24,206,000 after purchasing an additional 7,203 shares during the period. Intech Investment Management LLC purchased a new position in Alamo Group in the 3rd quarter worth about $484,000. Aurora Investment Counsel raised its holdings in Alamo Group by 1.5% during the 3rd quarter. Aurora Investment Counsel now owns 5,742 shares of the industrial products company’s stock worth $1,034,000 after buying an additional 85 shares during the period. Quest Partners LLC lifted its stake in Alamo Group by 2,243.2% during the third quarter. Quest Partners LLC now owns 5,319 shares of the industrial products company’s stock valued at $958,000 after buying an additional 5,092 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Alamo Group by 10.4% in the third quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock worth $121,000 after buying an additional 63 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ALG shares. DA Davidson boosted their price target on shares of Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Robert W. Baird boosted 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.

Insiders Place Their Bets

In other Alamo Group news, EVP Edward Rizzuti sold 276 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $195.88, for a total value of $54,062.88. Following the transaction, the executive vice president now directly owns 8,439 shares of the company’s stock, valued at $1,653,031.32. This represents a 3.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Alamo Group Trading Down 2.4 %

NYSE:ALG opened at $197.75 on Wednesday. The stock has a market cap of $2.38 billion, a PE ratio of 19.91 and a beta of 1.08. Alamo Group Inc. has a fifty-two week low of $163.74 and a fifty-two week 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 stock’s 50-day moving average is $182.64 and its two-hundred day moving average is $181.26.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th were paid 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 0.53%. Alamo Group’s dividend payout ratio 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.