Astec Industries, Inc. (NASDAQ:ASTE) Position Boosted by Jane Street Group LLC

Jane Street Group LLC raised its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 25.8% during the 3rd quarter, Holdings Channel reports. The fund owned 47,929 shares of the industrial products company’s stock after purchasing an additional 9,841 shares during the period. Jane Street Group LLC’s holdings in Astec Industries were worth $1,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Astec Industries by 69.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,114 shares of the industrial products company’s stock valued at $36,000 after buying an additional 458 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Astec Industries in the third quarter valued at approximately $45,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Astec Industries during the third quarter valued at approximately $64,000. Point72 DIFC Ltd acquired a new position in shares of Astec Industries during the third quarter valued at approximately $69,000. Finally, Northwest Investment Counselors LLC bought a new stake in Astec Industries during the third quarter worth approximately $72,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

Astec Industries Price Performance

ASTE opened at $33.80 on Friday. Astec Industries, Inc. has a 12-month low of $28.46 and a 12-month high of $44.74. The company has a quick ratio of 0.91, a current ratio of 2.47 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $770.71 million, a P/E ratio of -422.45 and a beta of 1.30. The stock has a fifty day moving average of $35.56 and a 200-day moving average of $33.04.

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

Astec Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.52 annualized dividend and a dividend yield of 1.54%. Astec Industries’s dividend payout ratio (DPR) is -650.00%.

Analyst Ratings Changes

ASTE has been the topic of a number of research reports. Robert W. Baird boosted their price objective on Astec Industries from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 11th.

Astec Industries Company 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.