Alamo Group, Inc. (NYSE:ALG) Director David W. Grzelak sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $97.82, for a total transaction of $782,560.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
NYSE:ALG traded down $0.43 during trading hours on Monday, hitting $96.86. 5,425 shares of the company were exchanged, compared to its average volume of 100,164. The company has a market cap of $1.15 billion, a PE ratio of 16.66 and a beta of 0.86. Alamo Group, Inc. has a 52-week low of $72.50 and a 52-week high of $119.16. The company has a current ratio of 4.49, a quick ratio of 2.74 and a debt-to-equity ratio of 0.17.
A number of large investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. purchased a new stake in shares of Alamo Group in the 4th quarter valued at $43,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Alamo Group in the 3rd quarter valued at $210,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Alamo Group by 348.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,963 shares of the industrial products company’s stock valued at $229,000 after acquiring an additional 2,303 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Alamo Group in the 4th quarter valued at $232,000. Finally, Oregon Public Employees Retirement Fund purchased a new stake in shares of Alamo Group in the 4th quarter valued at $283,000. 92.43% of the stock is currently owned by institutional investors.
Alamo Group Company Profile
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.
Featured Article: Why are analyst ratings important in trading stocks?
Receive News & Ratings for Alamo Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alamo Group and related companies with MarketBeat.com's FREE daily email newsletter.