Barclays PLC grew its holdings in Alamo Group, Inc. (NYSE:ALG) by 16.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,323 shares of the industrial products company’s stock after acquiring an additional 3,480 shares during the period. Barclays PLC owned about 0.21% of Alamo Group worth $2,864,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of ALG. Commonwealth Equity Services LLC grew its stake in shares of Alamo Group by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 11,507 shares of the industrial products company’s stock worth $1,149,000 after acquiring an additional 209 shares in the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Alamo Group by 4.6% in the second quarter. Virginia Retirement Systems ET AL now owns 11,300 shares of the industrial products company’s stock worth $1,129,000 after acquiring an additional 500 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Alamo Group in the second quarter worth $115,000. First Trust Advisors LP grew its stake in shares of Alamo Group by 181.3% in the second quarter. First Trust Advisors LP now owns 46,710 shares of the industrial products company’s stock worth $4,668,000 after acquiring an additional 30,103 shares in the last quarter. Finally, Aperio Group LLC grew its stake in shares of Alamo Group by 3.4% during the second quarter. Aperio Group LLC now owns 7,582 shares of the industrial products company’s stock worth $758,000 after purchasing an additional 249 shares in the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.

Shares of ALG stock opened at $114.23 on Tuesday. The company has a current ratio of 4.36, a quick ratio of 2.65 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average price of $115.56 and a 200 day moving average price of $107.92. The company has a market cap of $1.36 billion, a P/E ratio of 19.56, a PEG ratio of 1.84 and a beta of 0.71. Alamo Group, Inc. has a 12 month low of $72.50 and a 12 month high of $129.93.

Alamo Group (NYSE:ALG) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.34). The firm had revenue of $271.83 million for the quarter. Alamo Group had a return on equity of 13.07% and a net margin of 6.50%. On average, equities analysts forecast that Alamo Group, Inc. will post 6.24 EPS for the current year.

ALG has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Alamo Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Dougherty & Co downgraded shares of Alamo Group from a “buy” rating to a “neutral” rating in a research note on Sunday, November 3rd. Finally, Sidoti boosted their target price on shares of Alamo Group from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, September 6th.

In related news, insider Weiss Gary sold 25,205,509 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $1.18, for a total transaction of $29,742,500.62. Insiders own 3.29% of the company’s stock.

About Alamo Group

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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