Peregrine Capital Management LLC Sells 4,253 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

Peregrine Capital Management LLC cut its stake in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,510 shares of the industrial products company’s stock after selling 4,253 shares during the quarter. Peregrine Capital Management LLC owned 0.58% of Astec Industries worth $4,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ASTE. Centiva Capital LP bought a new stake in shares of Astec Industries in the 3rd quarter worth approximately $353,000. Geode Capital Management LLC lifted its holdings in shares of Astec Industries by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 569,089 shares of the industrial products company’s stock worth $18,180,000 after acquiring an additional 22,743 shares during the last quarter. Barclays PLC lifted its holdings in shares of Astec Industries by 118.9% in the 3rd quarter. Barclays PLC now owns 40,529 shares of the industrial products company’s stock worth $1,294,000 after acquiring an additional 22,017 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Astec Industries by 38.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,586 shares of the industrial products company’s stock worth $1,807,000 after acquiring an additional 15,736 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Astec Industries by 319.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 16,045 shares of the industrial products company’s stock worth $539,000 after acquiring an additional 12,217 shares during the last quarter. 93.16% of the stock is currently owned by institutional investors.

Astec Industries Stock Up 0.1 %

Shares of NASDAQ ASTE opened at $33.50 on Thursday. The company has a quick ratio of 0.91, a current ratio of 2.47 and a debt-to-equity ratio of 0.16. Astec Industries, Inc. has a 52 week low of $28.46 and a 52 week high of $44.74. The firm’s fifty day moving average is $33.83 and its 200 day moving average is $33.63. The company has a market cap of $763.80 million, a price-to-earnings ratio of -418.70 and a beta of 1.31.

Wall Street Analyst Weigh In

ASTE has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on shares of Astec Industries from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Astec Industries from a “buy” rating to a “hold” rating in a report on Thursday.

About Astec Industries

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.