Pacer Advisors Inc. Has $3.60 Million Stock Holdings in Astec Industries, Inc. $ASTE

Pacer Advisors Inc. reduced its stake in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 24.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 74,731 shares of the industrial products company’s stock after selling 23,983 shares during the period. Pacer Advisors Inc.’s holdings in Astec Industries were worth $3,597,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in shares of Astec Industries during the second quarter worth $27,000. Tompkins Financial Corp boosted its stake in Astec Industries by 30.0% in the 2nd quarter. Tompkins Financial Corp now owns 1,300 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 300 shares during the period. Tower Research Capital LLC TRC increased its holdings in Astec Industries by 412.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,212 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 1,780 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Astec Industries in the 2nd quarter valued at about $204,000. Finally, State of Wyoming bought a new stake in shares of Astec Industries in the second quarter valued at about $206,000. Institutional investors and hedge funds own 93.16% of the company’s stock.

Astec Industries Stock Performance

Shares of ASTE stock opened at $45.25 on Tuesday. The company has a fifty day moving average price of $45.25 and a two-hundred day moving average price of $44.31. Astec Industries, Inc. has a one year low of $29.65 and a one year high of $50.83. The stock has a market cap of $1.04 billion, a P/E ratio of 21.75, a P/E/G ratio of 2.20 and a beta of 1.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.58 and a quick ratio of 1.01.

Astec Industries (NASDAQ:ASTE) last released its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.02. Astec Industries had a net margin of 3.50% and a return on equity of 11.93%. The company had revenue of $350.10 million for the quarter, compared to analyst estimates of $336.00 million.

Astec Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, November 10th. Astec Industries’s dividend payout ratio (DPR) is presently 25.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ASTE. Zacks Research upgraded Astec Industries to a “hold” rating in a report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Astec Industries in a report on Monday, December 22nd. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.00.

About Astec Industries

Astec Industries, Inc is a designer and manufacturer of specialized equipment for infrastructure-related markets. Headquartered in Chattanooga, Tennessee, the company develops, engineers and produces machinery for asphalt road-building, aggregate processing, concrete production, underground mining, landscaping and utility installation. Astec’s product portfolio includes asphalt plants, portable crushers, conveyors, screening plants, mixers, continuous miners and related support equipment.

Organized into multiple operating segments—Roadbuilding; Aggregate & Mining; Energy; and Pavement Preservation & Maintenance—Astec Industries serves contractors and municipalities that build and maintain transportation, energy and utility networks.