GSA Capital Partners LLP Makes New $910,000 Investment in Astec Industries, Inc. $ASTE

GSA Capital Partners LLP bought a new position in Astec Industries, Inc. (NASDAQ:ASTE) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,872 shares of the industrial products company’s stock, valued at approximately $910,000. GSA Capital Partners LLP owned about 0.06% of Astec Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Astec Industries by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,433,501 shares of the industrial products company’s stock valued at $77,176,000 after buying an additional 22,154 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Astec Industries by 1.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 818,031 shares of the industrial products company’s stock valued at $39,372,000 after acquiring an additional 9,174 shares during the last quarter. Invesco Ltd. lifted its holdings in Astec Industries by 14.9% in the fourth quarter. Invesco Ltd. now owns 586,160 shares of the industrial products company’s stock valued at $25,392,000 after acquiring an additional 75,989 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Astec Industries by 12.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 431,031 shares of the industrial products company’s stock valued at $18,672,000 after purchasing an additional 47,142 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Astec Industries by 142.3% in the 4th quarter. Millennium Management LLC now owns 347,231 shares of the industrial products company’s stock worth $15,042,000 after purchasing an additional 203,911 shares during the period. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ASTE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Astec Industries in a research note on Tuesday, August 4th. Wall Street Zen downgraded Astec Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Zacks Research cut shares of Astec Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Astec Industries Trading Down 4.3%

Shares of Astec Industries stock opened at $41.40 on Wednesday. The firm’s 50-day moving average price is $53.12 and its 200 day moving average price is $54.50. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $953.03 million, a PE ratio of 48.71, a P/E/G ratio of 1.17 and a beta of 1.36. Astec Industries, Inc. has a twelve month low of $40.47 and a twelve month high of $65.69.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.10). The firm had revenue of $408.10 million for the quarter, compared to analyst estimates of $405.50 million. Astec Industries had a net margin of 1.26% and a return on equity of 10.26%. During the same period in the previous year, the firm posted $0.72 EPS. On average, sell-side analysts predict that Astec Industries, Inc. will post 3.36 EPS for the current fiscal year.

Astec Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 10th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 10th. Astec Industries’s dividend payout ratio (DPR) is currently 61.18%.

Astec Industries Company Profile

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.