Astec Industries, Inc. (ASTE) Stake Lowered by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 34.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,564 shares of the industrial products company’s stock after selling 4,009 shares during the period. SG Americas Securities LLC’s holdings in Astec Industries were worth $442,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Astec Industries by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,639,082 shares of the industrial products company’s stock valued at $91,806,000 after acquiring an additional 47,292 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in Astec Industries by 21.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 1,274,239 shares of the industrial products company’s stock valued at $71,370,000 after acquiring an additional 221,167 shares during the last quarter. 1060 Capital LLC bought a new stake in Astec Industries in the 3rd quarter valued at $37,991,000. Gabelli Funds LLC increased its holdings in Astec Industries by 0.5% in the 3rd quarter. Gabelli Funds LLC now owns 590,800 shares of the industrial products company’s stock valued at $33,091,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Astec Industries by 5.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 582,861 shares of the industrial products company’s stock valued at $32,645,000 after acquiring an additional 28,977 shares during the last quarter. Hedge funds and other institutional investors own 82.27% of the company’s stock.

Shares of Astec Industries, Inc. (NASDAQ ASTE) opened at $62.39 on Friday. Astec Industries, Inc. has a fifty-two week low of $45.70 and a fifty-two week high of $66.66. The firm has a market cap of $1,439.34, a PE ratio of 39.74, a PEG ratio of 1.94 and a beta of 1.06.

Astec Industries (NASDAQ:ASTE) last posted its earnings results on Tuesday, February 20th. The industrial products company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Astec Industries had a return on equity of 5.43% and a net margin of 3.19%. The business had revenue of $312.38 million during the quarter, compared to the consensus estimate of $288.14 million. During the same quarter last year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis. equities analysts forecast that Astec Industries, Inc. will post 3.36 EPS for the current year.

A number of analysts have issued reports on the stock. Seaport Global Securities reiterated a “hold” rating on shares of Astec Industries in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Astec Industries from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Tuesday, January 9th. BidaskClub downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. TheStreet upgraded shares of Astec Industries from a “c+” rating to a “b-” rating in a report on Friday, January 5th. Finally, Dougherty & Co upgraded shares of Astec Industries from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $68.33.

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Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.

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Institutional Ownership by Quarter for Astec Industries (NASDAQ:ASTE)

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