First Eagle Investment Management LLC Buys 15,362 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

First Eagle Investment Management LLC lifted its stake in Astec Industries, Inc. (NASDAQ:ASTEFree Report) by 10.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 164,415 shares of the industrial products company’s stock after buying an additional 15,362 shares during the period. First Eagle Investment Management LLC’s holdings in Astec Industries were worth $7,746,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ASTE. Citigroup Inc. grew its stake in shares of Astec Industries by 9.6% in the first quarter. Citigroup Inc. now owns 19,918 shares of the industrial products company’s stock worth $856,000 after purchasing an additional 1,743 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Astec Industries by 54.0% in the first quarter. MetLife Investment Management LLC now owns 12,874 shares of the industrial products company’s stock worth $554,000 after purchasing an additional 4,513 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Astec Industries by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,626 shares of the industrial products company’s stock valued at $844,000 after acquiring an additional 2,420 shares in the last quarter. BlackRock Inc. boosted its position in Astec Industries by 4.6% during the 1st quarter. BlackRock Inc. now owns 4,042,268 shares of the industrial products company’s stock valued at $173,816,000 after acquiring an additional 178,771 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Astec Industries by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,341,277 shares of the industrial products company’s stock valued at $57,675,000 after acquiring an additional 28,651 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

Astec Industries Stock Performance

Shares of ASTE opened at $36.05 on Monday. The business’s fifty day simple moving average is $34.86 and its two-hundred day simple moving average is $41.48. The company has a current ratio of 2.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.19. Astec Industries, Inc. has a 12 month low of $28.97 and a 12 month high of $56.33. The company has a market cap of $819.78 million, a price-to-earnings ratio of 46.22 and a beta of 1.36.

Analyst Ratings Changes

ASTE has been the topic of several research reports. StockNews.com cut Astec Industries from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. TheStreet cut Astec Industries from a “b-” rating to a “c” rating in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus upped their price target on Astec Industries from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Astec Industries has a consensus rating of “Hold” and a consensus price target of $46.00.

Read Our Latest Stock Report on Astec Industries

Astec Industries Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Astec Industries (NASDAQ:ASTE)

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