Public Sector Pension investment Board Sells 4,100 Shares of Astec Industries, Inc. (ASTE)

Public Sector Pension investment Board trimmed its position in Astec Industries, Inc. (NASDAQ:ASTE) by 29.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,842 shares of the industrial products company’s stock after selling 4,100 shares during the quarter. Public Sector Pension investment Board’s holdings in Astec Industries were worth $546,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. grew its position in Astec Industries by 2.5% in the second quarter. BlackRock Inc. now owns 2,376,181 shares of the industrial products company’s stock valued at $131,901,000 after acquiring an additional 58,250 shares during the period. Vanguard Group Inc. grew its position in Astec Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,807,106 shares of the industrial products company’s stock valued at $111,128,000 after acquiring an additional 109,609 shares during the period. Dimensional Fund Advisors LP grew its position in Astec Industries by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,503,247 shares of the industrial products company’s stock valued at $92,443,000 after acquiring an additional 16,362 shares during the period. Alliancebernstein L.P. grew its position in Astec Industries by 25.9% in the second quarter. Alliancebernstein L.P. now owns 590,307 shares of the industrial products company’s stock valued at $32,768,000 after acquiring an additional 121,309 shares during the period. Finally, State Street Corp grew its position in Astec Industries by 6.6% in the first quarter. State Street Corp now owns 454,657 shares of the industrial products company’s stock valued at $27,957,000 after acquiring an additional 28,209 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/09/public-sector-pension-investment-board-sells-4100-shares-of-astec-industries-inc-aste.html.

Shares of Astec Industries, Inc. (NASDAQ ASTE) opened at 52.73 on Monday. Astec Industries, Inc. has a 12 month low of $45.70 and a 12 month high of $73.37. The company has a market capitalization of $1.22 billion, a PE ratio of 25.10 and a beta of 1.10. The firm has a 50-day moving average price of $50.78 and a 200-day moving average price of $55.25.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.18). The company had revenue of $301.90 million during the quarter, compared to analyst estimates of $314.31 million. Astec Industries had a net margin of 4.08% and a return on equity of 7.40%. Astec Industries’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. On average, equities research analysts predict that Astec Industries, Inc. will post $2.01 EPS for the current year.

A number of analysts have weighed in on ASTE shares. Zacks Investment Research upgraded Astec Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Dougherty & Co cut Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 price target on the stock. in a research report on Wednesday, July 26th. Robert W. Baird upgraded Astec Industries from a “neutral” rating to an “outperform” rating and upped the

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. grew its position in Astec Industries by 2.5% in the second quarter. BlackRock Inc. now owns 2,376,181 shares of the industrial products company’s stock valued at $131,901,000 after acquiring an additional 58,250 shares during the period. Vanguard Group Inc. grew its position in Astec Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,807,106 shares of the industrial products company’s stock valued at $111,128,000 after acquiring an additional 109,609 shares during the period. Dimensional Fund Advisors LP grew its position in Astec Industries by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,503,247 shares of the industrial products company’s stock valued at $92,443,000 after acquiring an additional 16,362 shares during the period. Alliancebernstein L.P. grew its position in Astec Industries by 25.9% in the second quarter. Alliancebernstein L.P. now owns 590,307 shares of the industrial products company’s stock valued at $32,768,000 after acquiring an additional 121,309 shares during the period. Finally, State Street Corp grew its position in Astec Industries by 6.6% in the first quarter. State Street Corp now owns 454,657 shares of the industrial products company’s stock valued at $27,957,000 after acquiring an additional 28,209 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/09/public-sector-pension-investment-board-sells-4100-shares-of-astec-industries-inc-aste.html.

Shares of Astec Industries, Inc. (NASDAQ ASTE) opened at 52.73 on Monday. Astec Industries, Inc. has a 12 month low of $45.70 and a 12 month high of $73.37. The company has a market capitalization of $1.22 billion, a PE ratio of 25.10 and a beta of 1.10. The firm has a 50-day moving average price of $50.78 and a 200-day moving average price of $55.25.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.18). The company had revenue of $301.90 million during the quarter, compared to analyst estimates of $314.31 million. Astec Industries had a net margin of 4.08% and a return on equity of 7.40%. Astec Industries’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. On average, equities research analysts predict that Astec Industries, Inc. will post $2.01 EPS for the current year.

A number of analysts have weighed in on ASTE shares. Zacks Investment Research upgraded Astec Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Dougherty & Co cut Astec Industries from a “buy” rating to a “neutral” rating and set a $85.00 price target on the stock. in a research report on Wednesday, July 26th. Robert W. Baird upgraded Astec Industries from a “neutral” rating to an “outperform” rating and upped their price target for the company from $56.00 to $65.00 in a research report on Tuesday, October 3rd. Finally, BidaskClub cut Astec Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Astec Industries presently has an average rating of “Hold” and a consensus price target of $75.00.

About Astec Industries

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.

Institutional Ownership by Quarter for Astec Industries (NASDAQ:ASTE)

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