Public Employees Retirement System of Ohio increased its holdings in Alamo Group, Inc. (NYSE:ALG) by 26.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,849 shares of the industrial products company’s stock after acquiring an additional 6,321 shares during the period. Public Employees Retirement System of Ohio owned about 0.25% of Alamo Group worth $2,983,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. North Star Investment Management Corp. raised its holdings in shares of Alamo Group by 5.6% in the 2nd quarter. North Star Investment Management Corp. now owns 28,144 shares of the industrial products company’s stock worth $2,812,000 after acquiring an additional 1,501 shares during the last quarter. Huntington National Bank increased its stake in Alamo Group by 101.5% in the 2nd quarter. Huntington National Bank now owns 522 shares of the industrial products company’s stock valued at $52,000 after buying an additional 263 shares during the last quarter. Mawer Investment Management Ltd. purchased a new stake in Alamo Group in the 2nd quarter valued at about $27,441,000. Walthausen & Co. LLC increased its stake in Alamo Group by 127.0% in the 1st quarter. Walthausen & Co. LLC now owns 87,065 shares of the industrial products company’s stock valued at $8,701,000 after buying an additional 48,715 shares during the last quarter. Finally, Shaker Investments LLC OH purchased a new stake in Alamo Group in the 2nd quarter valued at about $713,000. Institutional investors own 94.80% of the company’s stock.
NYSE:ALG traded down $0.05 on Monday, hitting $118.14. The stock had a trading volume of 1,733 shares, compared to its average volume of 73,498. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.82 and a current ratio of 4.58. The stock has a market cap of $1.37 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 1.80 and a beta of 0.80. Alamo Group, Inc. has a 1 year low of $72.50 and a 1 year high of $122.50. The firm’s fifty day simple moving average is $109.95 and its two-hundred day simple moving average is $101.58.
In other news, VP Dan Edward Malone sold 2,206 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $100.70, for a total transaction of $222,144.20. Following the completion of the sale, the vice president now owns 19,755 shares in the company, valued at approximately $1,989,328.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeffery Allen Leonard sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $106.18, for a total transaction of $106,180.00. Following the sale, the executive vice president now owns 14,900 shares of the company’s stock, valued at approximately $1,582,082. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,481 shares of company stock valued at $678,323. 3.29% of the stock is currently owned by company insiders.
Several research firms have commented on ALG. Dougherty & Co began coverage on shares of Alamo Group in a research note on Tuesday, August 27th. They issued a “neutral” rating for the company. Sidoti increased their price objective on shares of Alamo Group from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, September 6th.
Alamo Group Company 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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