Virtu Financial LLC Takes $273,000 Position in Alamo Group Inc. (NYSE:ALG)

Virtu Financial LLC acquired a new position in shares of Alamo Group Inc. (NYSE:ALG) in the 3rd quarter, HoldingsChannel reports. The firm acquired 1,516 shares of the industrial products company’s stock, valued at approximately $273,000.

A number of other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Alamo Group by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 232,198 shares of the industrial products company’s stock worth $41,834,000 after buying an additional 670 shares during the last quarter. Barclays PLC grew its position in Alamo Group by 204.7% in the third quarter. Barclays PLC now owns 22,417 shares of the industrial products company’s stock worth $4,039,000 after acquiring an additional 15,061 shares during the period. First National Bank of Omaha grew its position in Alamo Group by 6.6% in the third quarter. First National Bank of Omaha now owns 2,988 shares of the industrial products company’s stock worth $538,000 after acquiring an additional 184 shares during the period. Wellington Management Group LLP acquired a new stake in Alamo Group during the third quarter worth $35,759,000. Finally, State Street Corp raised its position in Alamo Group by 2.6% in the third quarter. State Street Corp now owns 391,728 shares of the industrial products company’s stock valued at $70,562,000 after purchasing an additional 10,013 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Alamo Group Stock Down 0.0 %

Shares of NYSE ALG opened at $196.51 on Wednesday. The company has a quick ratio of 2.39, a current ratio of 4.15 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $188.22 and its two-hundred day moving average is $181.64. Alamo Group Inc. has a 52-week low of $163.74 and a 52-week high of $231.40. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 19.79 and a beta of 1.10.

Alamo Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors 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 dividend yield of 0.53%. Alamo Group’s dividend payout ratio is presently 10.47%.

Insider Buying and Selling

In related news, EVP Edward Rizzuti sold 276 shares of the company’s stock in a transaction that occurred 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Janet S. Pollock sold 257 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $193.41, for a total transaction of $49,706.37. Following the sale, the vice president now owns 3,360 shares in the company, valued at approximately $649,857.60. This trade represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ALG. 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. DA Davidson increased their target price on shares of Alamo Group from $209.00 to $219.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th.

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.