Astec Industries, Inc. (NASDAQ:ASTE) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd trimmed its position in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 40.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,941 shares of the industrial products company’s stock after selling 5,370 shares during the period. Quadrature Capital Ltd’s holdings in Astec Industries were worth $253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Astec Industries by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,538,684 shares of the industrial products company’s stock worth $45,637,000 after buying an additional 29,421 shares during the period. Gabelli Funds LLC boosted its position in Astec Industries by 7.7% during the 2nd quarter. Gabelli Funds LLC now owns 581,500 shares of the industrial products company’s stock worth $17,247,000 after acquiring an additional 41,800 shares during the period. Harvey Partners LLC grew its stake in shares of Astec Industries by 101.4% in the third quarter. Harvey Partners LLC now owns 282,000 shares of the industrial products company’s stock worth $9,007,000 after purchasing an additional 142,000 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Astec Industries by 23.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 215,654 shares of the industrial products company’s stock valued at $6,888,000 after purchasing an additional 41,130 shares during the period. Finally, Peregrine Capital Management LLC raised its stake in shares of Astec Industries by 41.0% during the second quarter. Peregrine Capital Management LLC now owns 175,738 shares of the industrial products company’s stock valued at $5,212,000 after purchasing an additional 51,141 shares in the last quarter. Institutional investors own 93.16% of the company’s stock.

Astec Industries Price Performance

Shares of NASDAQ ASTE opened at $38.14 on Wednesday. Astec Industries, Inc. has a twelve month low of $28.46 and a twelve month high of $44.74. The company has a current ratio of 2.47, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $34.68 and a two-hundred day moving average of $32.80. The company has a market capitalization of $869.67 million, a price-to-earnings ratio of -476.75 and a beta of 1.30.

Astec Industries (NASDAQ:ASTE) last released its earnings results on Wednesday, November 6th. The industrial products company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $291.40 million for the quarter, compared to the consensus estimate of $312.90 million. Astec Industries had a negative net margin of 0.15% and a positive return on equity of 7.69%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) EPS.

Astec Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.36%. Astec Industries’s dividend payout ratio (DPR) is presently -650.00%.

Wall Street Analyst Weigh In

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

Astec Industries Profile

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.