Deutsche Bank AG Buys 6,959 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

Deutsche Bank AG grew its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 54.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,854 shares of the industrial products company's stock after acquiring an additional 6,959 shares during the quarter. Deutsche Bank AG owned 0.09% of Astec Industries worth $667,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ASTE. Nisa Investment Advisors LLC raised its stake in shares of Astec Industries by 319.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 16,045 shares of the industrial products company's stock worth $539,000 after acquiring an additional 12,217 shares in the last quarter. SG Americas Securities LLC raised 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 acquiring an additional 1,577 shares in the last quarter. R Squared Ltd purchased a new position in shares of Astec Industries during the fourth quarter worth approximately $42,000. Legato Capital Management LLC raised its stake in shares of 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 acquiring an additional 18,325 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Astec Industries by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 110,573 shares of the industrial products company's stock worth $3,715,000 after buying an additional 3,082 shares during the period. 93.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ASTE has been the topic of several analyst reports. Robert W. Baird lifted their target price on shares of Astec Industries from $40.00 to $41.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Wall Street Zen raised shares of Astec Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 9th.

Astec Industries Trading Down 1.1%

Shares of NASDAQ ASTE traded down $0.43 during mid-day trading on Monday, hitting $38.86. The stock had a trading volume of 139,539 shares, compared to its average volume of 153,343. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 2.47. Astec Industries, Inc. has a 1 year low of $28.46 and a 1 year high of $42.79. The business has a 50 day moving average price of $36.65 and a two-hundred day moving average price of $35.58. The firm has a market cap of $888.61 million, a P/E ratio of -485.69 and a beta of 1.40.

Astec Industries (NASDAQ:ASTE - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.42. The business had revenue of $329.40 million for the quarter, compared to analysts' expectations of $320.40 million. Astec Industries had a negative net margin of 0.15% and a positive return on equity of 7.69%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share.

Astec Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 13th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.34%. The ex-dividend date was Tuesday, May 13th. Astec Industries's dividend payout ratio (DPR) is currently 78.79%.

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.