AHL Partners LLP trimmed its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 40.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,844 shares of the industrial products company’s stock after selling 23,418 shares during the quarter. AHL Partners LLP owned 0.15% of Astec Industries worth $1,879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ASTE. BlackRock Inc. increased its position in shares of Astec Industries by 69,549.4% during the first quarter. BlackRock Inc. now owns 2,317,931 shares of the industrial products company’s stock valued at $142,543,000 after acquiring an additional 2,314,603 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Astec Industries by 25.9% during the second quarter. Alliancebernstein L.P. now owns 590,307 shares of the industrial products company’s stock valued at $32,768,000 after acquiring an additional 121,309 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Astec Industries by 6.5% during the first quarter. Vanguard Group Inc. now owns 1,807,106 shares of the industrial products company’s stock valued at $111,128,000 after acquiring an additional 109,609 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Astec Industries by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,591,790 shares of the industrial products company’s stock valued at $88,360,000 after acquiring an additional 88,543 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of Astec Industries by 51.4% during the second quarter. Royce & Associates LP now owns 246,163 shares of the industrial products company’s stock valued at $13,665,000 after acquiring an additional 83,601 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

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Shares of Astec Industries, Inc. (NASDAQ:ASTE) opened at 51.81 on Friday. Astec Industries, Inc. has a 52-week low of $45.70 and a 52-week high of $73.37. The firm has a 50-day moving average price of $51.58 and a 200-day moving average price of $54.95. The stock has a market capitalization of $1.20 billion, a P/E ratio of 24.66 and a beta of 1.11.

Astec Industries (NASDAQ:ASTE) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.18). The company had revenue of $301.90 million for the quarter, compared to analysts’ expectations of $314.31 million. Astec Industries had a net margin of 4.08% and a return on equity of 7.40%. Astec Industries’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. On average, analysts predict that Astec Industries, Inc. will post $2.01 EPS for the current year.

ASTE has been the subject of a number of research analyst reports. Zacks Investment Research raised Astec Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub downgraded Astec Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Dougherty & Co downgraded Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 price target for the company. in a research report on Wednesday, July 26th. Finally, Robert W. Baird raised Astec Industries from a “neutral” rating to an “outperform” rating and increased their price target for the company from $56.00 to $65.00 in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $75.00.

Astec Industries 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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