Astec Industries, Inc. $ASTE Shares Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in Astec Industries by 265% during the first quarter, owning 73,647 shares valued at approximately $2.54 million.
• Astec Industries reported earnings of $0.88 per share for the last quarter, surpassing estimates of $0.60, but its revenue of $330.3 million fell short of expectations.
• The company declared a quarterly dividend of $0.13 per share, resulting in a 1.1% dividend yield and a payout ratio of 26.13%.

Trexquant Investment LP boosted its stake in Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 265.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,647 shares of the industrial products company's stock after buying an additional 53,472 shares during the period. Trexquant Investment LP owned approximately 0.32% of Astec Industries worth $2,537,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASTE. Envestnet Asset Management Inc. purchased a new stake in Astec Industries in the 4th quarter valued at about $260,000. Price T Rowe Associates Inc. MD raised its holdings in Astec Industries by 6.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,693 shares of the industrial products company's stock valued at $763,000 after buying an additional 1,304 shares during the period. Northern Trust Corp raised its holdings in Astec Industries by 14.8% in the 4th quarter. Northern Trust Corp now owns 263,311 shares of the industrial products company's stock valued at $8,847,000 after buying an additional 34,039 shares during the period. BNP Paribas Financial Markets raised its holdings in Astec Industries by 117.0% in the 4th quarter. BNP Paribas Financial Markets now owns 18,728 shares of the industrial products company's stock valued at $629,000 after buying an additional 10,096 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in Astec Industries by 691.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 48,851 shares of the industrial products company's stock valued at $1,641,000 after buying an additional 42,682 shares during the period. 93.16% of the stock is currently owned by hedge funds and other institutional investors.

Astec Industries Trading Down 1.9%

ASTE traded down $0.88 on Tuesday, hitting $46.12. The company had a trading volume of 19,432 shares, compared to its average volume of 172,261. The firm has a market cap of $1.06 billion, a P/E ratio of 23.18 and a beta of 1.39. Astec Industries, Inc. has a 1 year low of $29.04 and a 1 year high of $47.94. The company's fifty day moving average price is $42.60 and its 200 day moving average price is $39.04. The company has a current ratio of 2.71, a quick ratio of 1.08 and a debt-to-equity ratio of 0.13.

Astec Industries (NASDAQ:ASTE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.28. The firm had revenue of $330.30 million for the quarter, compared to analyst estimates of $361.00 million. Astec Industries had a net margin of 3.50% and a return on equity of 11.52%.

Astec Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 11th were paid a dividend of $0.13 per share. The ex-dividend date was Monday, August 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.1%. Astec Industries's dividend payout ratio is 26.13%.

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.