The VP & Corp. Contr of Alamo Group Inc (NYSE: ALG) is Selling Shares

By Carrie Williams

Yesterday, the VP & Corp. Contr of Alamo Group Inc (ALGResearch Report), Richard Wehrle, sold shares of ALG for $70.01K.

Following Richard Wehrle’s last ALG Sell transaction on September 05, 2018, the stock climbed by 3.1%. In addition to Richard Wehrle, 3 other ALG executives reported Sell trades in the last month.

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Based on Alamo Group Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $262 million and quarterly net profit of $15.25 million. In comparison, last year the company earned revenue of $238 million and had a net profit of $14.58 million. ALG’s market cap is $1.17B and the company has a P/E ratio of 15.71. Currently, Alamo Group Inc has an average volume of 81.33K.

In the last 30 days, insiders have sold $149.7K worth of ALG shares and purchased $32.11K worth of ALG shares. The insider sentiment on Alamo Group Inc has been neutral according to 45 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Richard Wehrle’s trades have generated a 2.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Alamo Group, Inc. engages in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. Its products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, zero turn radius mowers, agricultural implements, and related aftermarket parts. It operates through the following business segments: Agricultural, Industrial, and European. The Industrial segment provides mowers, as well as trimmers, shredders, sweepers, excavators, vacuum trucks, snow removal equipment and other products designed for excavation, grading, shaping and land clearing, road building or maintenance. The company was founded by Donald J. Douglass in 1969 and is headquartered in Seguin, TX.