Numerai GP LLC Sells 34,512 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

Numerai GP LLC trimmed its position in Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 43.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,772 shares of the industrial products company's stock after selling 34,512 shares during the period. Numerai GP LLC owned about 0.20% of Astec Industries worth $1,538,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Astec Industries by 38.5% during the third quarter. JPMorgan Chase & Co. now owns 56,586 shares of the industrial products company's stock valued at $1,807,000 after purchasing an additional 15,736 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Astec Industries by 319.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 16,045 shares of the industrial products company's stock valued at $539,000 after buying an additional 12,217 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Astec Industries by 123.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,346 shares of the industrial products company's stock valued at $549,000 after purchasing an additional 9,042 shares during the last quarter. Legato Capital Management LLC grew its position in Astec Industries by 196.1% during the fourth quarter. Legato Capital Management LLC now owns 27,671 shares of the industrial products company's stock worth $930,000 after buying an additional 18,325 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Astec Industries by 14.3% during the fourth quarter. SG Americas Securities LLC now owns 12,602 shares of the industrial products company's stock worth $423,000 after buying an additional 1,577 shares during the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ASTE. StockNews.com upgraded shares of Astec Industries from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 9th. Robert W. Baird upped their price objective on Astec Industries from $40.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th.

Astec Industries Trading Down 1.0%

ASTE stock traded down $0.42 during midday trading on Monday, reaching $41.59. 19,825 shares of the company's stock traded hands, compared to its average volume of 152,908. The company has a market capitalization of $950.92 million, a P/E ratio of -519.76 and a beta of 1.40. The business has a 50-day moving average price of $35.89 and a two-hundred day moving average price of $35.31. Astec Industries, Inc. has a fifty-two week low of $28.46 and a fifty-two week high of $42.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.47 and a quick ratio of 0.91.

Astec Industries (NASDAQ:ASTE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.46 by $0.42. The business had revenue of $329.40 million during the quarter, compared to analysts' expectations of $320.40 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 up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS.

Astec Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Tuesday, May 13th. Astec Industries's dividend payout ratio is currently 78.79%.

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.