Harbor Capital Advisors Inc. Buys 286 Shares of Alamo Group Inc. (NYSE:ALG)

Harbor Capital Advisors Inc. raised its stake in shares of Alamo Group Inc. (NYSE:ALG) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,735 shares of the industrial products company’s stock after purchasing an additional 286 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Alamo Group were worth $8,689,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its stake in shares of Alamo Group by 700.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 176 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. JNBA Financial Advisors purchased a new stake in Alamo Group in the third quarter worth about $37,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Alamo Group during the 2nd quarter valued at approximately $48,000. Quarry LP purchased a new position in shares of Alamo Group during the 2nd quarter worth approximately $48,000. Finally, Huntington National Bank raised its position in shares of Alamo Group by 10.4% in the 3rd quarter. Huntington National Bank now owns 669 shares of the industrial products company’s stock worth $121,000 after acquiring an additional 63 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Janet S. Pollock sold 257 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $193.41, for a total transaction of $49,706.37. Following the completion of the transaction, the vice president now directly owns 3,360 shares of the company’s stock, valued at $649,857.60. The trade was a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edward Rizzuti sold 276 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $195.88, for a total transaction of $54,062.88. Following the completion of the sale, the executive vice president now owns 8,439 shares in the company, valued at $1,653,031.32. This represents a 3.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Alamo Group Stock Down 2.7 %

Shares of Alamo Group stock traded down $4.79 during midday trading on Friday, hitting $171.36. The company had a trading volume of 32,702 shares, compared to its average volume of 92,248. Alamo Group Inc. has a 52-week low of $163.74 and a 52-week high of $231.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.39 and a current ratio of 4.15. The stock has a market capitalization of $2.07 billion, a P/E ratio of 17.26 and a beta of 1.11. The company has a 50 day moving average of $191.79 and a 200 day moving average of $182.13.

Alamo Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Thursday, January 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Thursday, January 16th. This is a positive change from Alamo Group’s previous quarterly dividend of $0.26. Alamo Group’s payout ratio is currently 12.08%.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their target price on shares of Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, November 4th.

Alamo Group Company Profile

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.