New York Life Investment Management LLC Sells 300 Shares of Alamo Group Inc. (NYSE:ALG)

New York Life Investment Management LLC lessened its position in Alamo Group Inc. (NYSE:ALGFree Report) by 13.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,930 shares of the industrial products company’s stock after selling 300 shares during the quarter. New York Life Investment Management LLC’s holdings in Alamo Group were worth $334,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in Alamo Group by 33.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 271 shares of the industrial products company’s stock valued at $50,000 after buying an additional 68 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Alamo Group by 5,380.0% during the 1st quarter. NewEdge Advisors LLC now owns 274 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 269 shares during the last quarter. FMR LLC boosted its stake in shares of Alamo Group by 17.4% during the 2nd quarter. FMR LLC now owns 701 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 104 shares during the period. Huntington National Bank boosted its stake in shares of Alamo Group by 34.3% during the 2nd quarter. Huntington National Bank now owns 795 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 203 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of Alamo Group by 30.1% during the 1st quarter. Captrust Financial Advisors now owns 964 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 223 shares during the period. Institutional investors and hedge funds own 91.15% of the company’s stock.

Alamo Group Stock Performance

Shares of NYSE ALG opened at $225.21 on Tuesday. The company has a current ratio of 3.98, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Alamo Group Inc. has a 12 month low of $154.68 and a 12 month high of $231.40. The stock has a 50 day moving average of $206.09 and a 200-day moving average of $186.05. The company has a market capitalization of $2.70 billion, a P/E ratio of 20.16 and a beta of 1.06.

Alamo Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 16th were paid a dividend of $0.26 per share. This is an increase from Alamo Group’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Friday, January 12th. Alamo Group’s payout ratio is currently 9.31%.

Insider Transactions at Alamo Group

In related news, CFO Richard J. Wehrle sold 1,116 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $186.11, for a total value of $207,698.76. Following the completion of the sale, the chief financial officer now directly owns 25,941 shares in the company, valued at approximately $4,827,879.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Richard J. Wehrle sold 1,116 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $186.11, for a total value of $207,698.76. Following the completion of the sale, the chief financial officer now directly owns 25,941 shares in the company, valued at approximately $4,827,879.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Hodges Raborn sold 606 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $212.24, for a total value of $128,617.44. Following the completion of the sale, the executive vice president now owns 9,032 shares of the company’s stock, valued at $1,916,951.68. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Alamo Group Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Alamo Group (NYSE:ALG)

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