55,282 Shares in Astec Industries, Inc. $ASTE Acquired by Walleye Capital LLC

Walleye Capital LLC bought a new stake in shares of Astec Industries, Inc. (NASDAQ:ASTE) in the 1st quarter, Holdings Channel.com reports. The firm bought 55,282 shares of the industrial products company’s stock, valued at approximately $2,976,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Astec Industries by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,433,501 shares of the industrial products company’s stock worth $77,176,000 after acquiring an additional 22,154 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Astec Industries by 1.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 818,031 shares of the industrial products company’s stock valued at $39,372,000 after acquiring an additional 9,174 shares during the period. Invesco Ltd. grew its position in shares of Astec Industries by 14.9% during the 4th quarter. Invesco Ltd. now owns 586,160 shares of the industrial products company’s stock valued at $25,392,000 after acquiring an additional 75,989 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Astec Industries by 12.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 431,031 shares of the industrial products company’s stock valued at $18,672,000 after acquiring an additional 47,142 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Astec Industries by 142.3% in the 4th quarter. Millennium Management LLC now owns 347,231 shares of the industrial products company’s stock worth $15,042,000 after purchasing an additional 203,911 shares in the last quarter. 93.16% of the stock is owned by hedge funds and other institutional investors.

Astec Industries Stock Performance

Shares of NASDAQ ASTE opened at $56.22 on Friday. The firm has a fifty day moving average price of $53.89 and a 200-day moving average price of $54.58. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 1.00. The stock has a market cap of $1.29 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.34. Astec Industries, Inc. has a 1 year low of $37.88 and a 1 year high of $65.69.

Astec Industries (NASDAQ:ASTE) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.34). Astec Industries had a net margin of 1.75% and a return on equity of 10.09%. The firm had revenue of $396.30 million for the quarter, compared to the consensus estimate of $393.24 million. Equities analysts anticipate that Astec Industries, Inc. will post 3.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ASTE shares. Zacks Research upgraded Astec Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings cut Astec Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Freedom Capital raised Astec Industries to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, Wall Street Zen cut Astec Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Astec Industries has a consensus rating of “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.