Uniplan Investment Counsel Inc. Makes New $979,000 Investment in Astec Industries, Inc. $ASTE

Key Points

• Uniplan Investment Counsel Inc. has made a new investment of approximately $979,000 in Astec Industries, Inc., purchasing 28,419 shares during the first quarter.
• Astec Industries reported $0.88 earnings per share for the last quarter, exceeding the consensus estimate of $0.60, with revenue of $330.30 million.
• The company recently declared a quarterly dividend of $0.13 per share, reflecting a 1.1% yield and a dividend payout ratio of 26.13%.

Uniplan Investment Counsel Inc. acquired a new position in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 28,419 shares of the industrial products company's stock, valued at approximately $979,000. Uniplan Investment Counsel Inc. owned about 0.12% of Astec Industries at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Millennium Management LLC lifted its position in shares of Astec Industries by 188.2% during the 1st quarter. Millennium Management LLC now owns 148,351 shares of the industrial products company's stock worth $5,111,000 after buying an additional 96,883 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Astec Industries by 22.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 819,913 shares of the industrial products company's stock valued at $28,247,000 after purchasing an additional 150,634 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Astec Industries in the 1st quarter valued at $1,526,000. Advisors Asset Management Inc. raised its position in Astec Industries by 9.3% in the 1st quarter. Advisors Asset Management Inc. now owns 113,293 shares of the industrial products company's stock valued at $3,903,000 after purchasing an additional 9,658 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in Astec Industries by 44.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 70,740 shares of the industrial products company's stock valued at $2,437,000 after purchasing an additional 21,889 shares during the last quarter. Hedge funds and other institutional investors own 93.16% of the company's stock.

Astec Industries Stock Performance

ASTE stock traded down $1.16 on Friday, hitting $46.41. The company's stock had a trading volume of 92,659 shares, compared to its average volume of 182,357. The firm has a 50 day moving average of $42.91 and a two-hundred day moving average of $39.38. Astec Industries, Inc. has a 1 year low of $29.65 and a 1 year high of $47.94. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 23.32 and a beta of 1.39. 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 released its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.60 by $0.28. Astec Industries had a net margin of 3.50% and a return on equity of 11.52%. The firm had revenue of $330.30 million during the quarter, compared to the consensus estimate of $361.00 million.

Astec Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 11th were given a $0.13 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.52 annualized dividend 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.