Susquehanna Fundamental Investments LLC Acquires 15,885 Shares of Astec Industries, Inc. $ASTE

Susquehanna Fundamental Investments LLC lifted its holdings in Astec Industries, Inc. (NASDAQ:ASTE) by 127.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,343 shares of the industrial products company’s stock after purchasing an additional 15,885 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.12% of Astec Industries worth $1,734,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ASTE. Royal Bank of Canada raised its holdings in Astec Industries by 15.6% during the 1st 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 position in shares of Astec Industries in the first quarter valued at approximately $1,526,000. Millennium Management LLC boosted its holdings in shares of Astec Industries by 188.2% in the first quarter. Millennium Management LLC now owns 148,351 shares of the industrial products company’s stock valued at $5,111,000 after buying an additional 96,883 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Astec Industries by 2.1% during 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 worth $2,259,000 after acquiring an additional 1,358 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Astec Industries by 2.9% during the first quarter. Jane Street Group LLC now owns 46,566 shares of the industrial products company’s stock worth $1,604,000 after acquiring an additional 1,305 shares in the last quarter. 93.16% of the stock is owned by institutional investors.

Astec Industries Stock Performance

Shares of ASTE opened at $41.18 on Wednesday. The stock has a market capitalization of $947.96 million, a price-to-earnings ratio of 48.45, a PEG ratio of 1.15 and a beta of 1.35. Astec Industries, Inc. has a 12 month low of $40.47 and a 12 month high of $65.69. The firm has a fifty day simple moving average of $51.00 and a 200 day simple moving average of $53.73. The company has a current ratio of 2.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.

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

Astec Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 10th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, August 10th. Astec Industries’s dividend payout ratio is presently 61.18%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ASTE shares. Zacks Research cut shares of Astec Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Wall Street Zen cut Astec Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Astec Industries in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Astec Industries

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.