21,180 Shares in Astec Industries, Inc. $ASTE Bought by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC acquired a new position in shares of Astec Industries, Inc. (NASDAQ:ASTE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,180 shares of the industrial products company’s stock, valued at approximately $1,019,000. Integrated Quantitative Investments LLC owned about 0.09% of Astec Industries as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its position in Astec Industries by 15.6% during the first quarter. Royal Bank of Canada now owns 65,654 shares of the industrial products company’s stock worth $2,262,000 after buying an additional 8,847 shares during the period. AQR Capital Management LLC acquired a new stake in Astec Industries during the 1st quarter worth $1,526,000. Millennium Management LLC grew its position in Astec Industries by 188.2% during the 1st quarter. Millennium Management LLC now owns 148,351 shares of the industrial products company’s stock worth $5,111,000 after purchasing an additional 96,883 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Astec Industries by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,577 shares of the industrial products company’s stock valued at $2,259,000 after purchasing an additional 1,358 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Astec Industries by 2.9% in the first quarter. Jane Street Group LLC now owns 46,566 shares of the industrial products company’s stock valued at $1,604,000 after buying an additional 1,305 shares during the last quarter. 93.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ASTE shares. Zacks Research raised Astec Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of Astec Industries in a research report on Monday, December 29th. Finally, Wall Street Zen raised Astec Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Astec Industries has a consensus rating of “Buy”.

Astec Industries Trading Up 1.2%

Shares of ASTE opened at $62.63 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.49 and a quick ratio of 1.07. Astec Industries, Inc. has a 1-year low of $29.65 and a 1-year high of $64.37. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.34 and a beta of 1.38. The firm has a 50 day simple moving average of $52.38 and a 200-day simple moving average of $48.25.

Astec Industries (NASDAQ:ASTE) last announced its earnings results on Wednesday, February 25th. The industrial products company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.32. Astec Industries had a net margin of 2.75% and a return on equity of 11.35%. The firm had revenue of $400.60 million during the quarter, compared to the consensus estimate of $374.21 million.

Astec Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 9th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, March 9th. Astec Industries’s dividend payout ratio (DPR) is 30.95%.

Astec Industries 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.