Janus Henderson Group PLC Purchases 141 Shares of Alamo Group, Inc. (NYSE:ALG)

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Janus Henderson Group PLC increased its stake in shares of Alamo Group, Inc. (NYSE:ALG) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,267 shares of the industrial products company’s stock after buying an additional 141 shares during the quarter. Janus Henderson Group PLC’s holdings in Alamo Group were worth $227,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Mason Street Advisors LLC lifted its position in shares of Alamo Group by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 3,091 shares of the industrial products company’s stock worth $309,000 after buying an additional 103 shares during the period. First Interstate Bank raised its position in Alamo Group by 11.3% in the 1st quarter. First Interstate Bank now owns 1,581 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 161 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Alamo Group by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 11,507 shares of the industrial products company’s stock valued at $1,149,000 after purchasing an additional 209 shares during the last quarter. Commerce Bank raised its position in Alamo Group by 4.1% in the 1st quarter. Commerce Bank now owns 5,387 shares of the industrial products company’s stock valued at $538,000 after purchasing an additional 210 shares during the last quarter. Finally, Comerica Bank raised its position in Alamo Group by 2.4% in the 1st quarter. Comerica Bank now owns 9,625 shares of the industrial products company’s stock valued at $945,000 after purchasing an additional 223 shares during the last quarter. Institutional investors and hedge funds own 95.89% of the company’s stock.

Several equities analysts have issued reports on ALG shares. Sidoti lifted their price objective on Alamo Group from $118.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Dougherty & Co started coverage on Alamo Group in a research report on Tuesday. They issued a “neutral” rating for the company.

In other Alamo Group news, VP Richard J. Wehrle sold 700 shares of Alamo Group stock in a transaction on Friday, June 21st. The stock was sold at an average price of $100.01, for a total value of $70,007.00. Following the completion of the transaction, the vice president now owns 17,097 shares in the company, valued at approximately $1,709,870.97. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Richard Hodges Raborn sold 500 shares of Alamo Group stock in a transaction on Friday, June 7th. The shares were sold at an average price of $98.88, for a total value of $49,440.00. Following the completion of the transaction, the executive vice president now owns 6,903 shares of the company’s stock, valued at approximately $682,568.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,981 shares of company stock valued at $727,763. Corporate insiders own 3.29% of the company’s stock.

Shares of ALG opened at $109.42 on Wednesday. The stock has a fifty day moving average price of $104.24 and a two-hundred day moving average price of $99.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.82 and a current ratio of 4.58. Alamo Group, Inc. has a 52-week low of $72.50 and a 52-week high of $117.76. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 18.35 and a beta of 0.85.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Tuesday, July 16th were given a $0.12 dividend. The ex-dividend date was Monday, July 15th. This represents a $0.48 annualized dividend and a yield of 0.44%.

Alamo Group Profile

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-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.

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

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