Prudential Financial Inc. cut its holdings in shares of Alamo Group, Inc. (NYSE:ALG) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,159 shares of the industrial products company’s stock after selling 3,092 shares during the quarter. Prudential Financial Inc. owned about 0.31% of Alamo Group worth $2,796,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC increased its holdings in Alamo Group by 857.6% during the 3rd quarter. SG Americas Securities LLC now owns 27,177 shares of the industrial products company’s stock valued at $2,490,000 after acquiring an additional 24,339 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Alamo Group during the 3rd quarter valued at about $210,000. Bank of New York Mellon Corp increased its holdings in Alamo Group by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 160,964 shares of the industrial products company’s stock valued at $14,746,000 after acquiring an additional 5,008 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Alamo Group by 50.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 347,386 shares of the industrial products company’s stock valued at $31,824,000 after acquiring an additional 115,910 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Alamo Group by 2.7% during the 3rd quarter. BlackRock Inc. now owns 1,721,209 shares of the industrial products company’s stock valued at $157,680,000 after acquiring an additional 44,591 shares in the last quarter. 92.18% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Rick Parod purchased 1,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $98.13 per share, for a total transaction of $98,130.00. Following the completion of the acquisition, the director now directly owns 2,696 shares in the company, valued at approximately $264,558.48. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Dan Edward Malone sold 650 shares of Alamo Group stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $98.48, for a total transaction of $64,012.00. Following the sale, the chief financial officer now owns 15,875 shares of the company’s stock, valued at $1,563,370. The disclosure for this sale can be found here. Company insiders own 3.48% of the company’s stock.
NYSE:ALG opened at $98.34 on Friday. The company has a quick ratio of 2.74, a current ratio of 4.49 and a debt-to-equity ratio of 0.17. Alamo Group, Inc. has a twelve month low of $72.50 and a twelve month high of $119.16. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 16.63 and a beta of 0.86.
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About Alamo Group
Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. It operates in three segments: Industrial, Agricultural, and European. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; cutters for heavy-duty and intensive use applications; and heavy duty tractors-and truck-mounted mowing, and vegetation maintenance equipment and parts.
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