Rhumbline Advisers Sells 3,225 Shares of Astec Industries, Inc. $ASTE

Rhumbline Advisers decreased its position in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 4.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,557 shares of the industrial products company’s stock after selling 3,225 shares during the quarter. Rhumbline Advisers owned about 0.30% of Astec Industries worth $2,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Astec Industries by 2.7% during the first quarter. Principal Financial Group Inc. now owns 113,556 shares of the industrial products company’s stock valued at $3,912,000 after acquiring an additional 2,983 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Astec Industries by 5.4% during the first quarter. Russell Investments Group Ltd. now owns 96,932 shares of the industrial products company’s stock valued at $3,339,000 after acquiring an additional 5,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Astec Industries by 6.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,219 shares of the industrial products company’s stock valued at $2,158,000 after acquiring an additional 3,963 shares in the last quarter. CWM LLC increased its holdings in shares of Astec Industries by 264.6% during the first quarter. CWM LLC now owns 2,483 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 1,802 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Astec Industries by 98.8% during the first quarter. American Century Companies Inc. now owns 361,390 shares of the industrial products company’s stock valued at $12,450,000 after acquiring an additional 179,618 shares in the last quarter. Institutional investors own 93.16% of the company’s stock.

Insider Transactions at Astec Industries

In related news, insider Barend Snyman sold 2,498 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $47.22, for a total transaction of $117,955.56. Following the completion of the sale, the insider owned 15,559 shares in the company, valued at approximately $734,695.98. This represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.69% of the company’s stock.

Astec Industries Trading Down 2.3%

NASDAQ ASTE opened at $46.75 on Wednesday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 23.49 and a beta of 1.39. Astec Industries, Inc. has a 52 week low of $29.65 and a 52 week high of $48.13. The business has a 50 day moving average price of $43.15 and a 200-day moving average price of $39.54. The company has a quick ratio of 1.08, a current ratio of 2.71 and a debt-to-equity ratio of 0.13.

Astec Industries (NASDAQ:ASTE) last released its quarterly earnings data 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 return on equity of 11.52% and a net margin of 3.50%.The firm had revenue of $330.30 million during the quarter, compared to the consensus estimate of $361.00 million.

Astec Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 11th were issued a dividend of $0.13 per share. 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%.

About Astec Industries

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.