David W. Grzelak Sells 8,000 Shares of Alamo Group, Inc. (ALG) Stock

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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.

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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.

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