New York State Common Retirement Fund Purchases 134,896 Shares of Astec Industries, Inc. $ASTE

New York State Common Retirement Fund boosted its position in Astec Industries, Inc. (NASDAQ:ASTE) by 1,800.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,388 shares of the industrial products company’s stock after purchasing an additional 134,896 shares during the period. New York State Common Retirement Fund owned 0.62% of Astec Industries worth $6,853,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ASTE. American Century Companies Inc. grew its holdings in shares of Astec Industries by 49.4% during the second quarter. American Century Companies Inc. now owns 539,935 shares of the industrial products company’s stock worth $22,510,000 after purchasing an additional 178,545 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Astec Industries by 77,508.8% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 131,935 shares of the industrial products company’s stock worth $5,500,000 after buying an additional 131,765 shares during the period. Invesco Ltd. grew its holdings in Astec Industries by 29.9% during the 2nd quarter. Invesco Ltd. now owns 494,814 shares of the industrial products company’s stock worth $20,629,000 after acquiring an additional 113,765 shares during the last quarter. Millennium Management LLC increased its position in Astec Industries by 188.2% in the 1st quarter. Millennium Management LLC now owns 148,351 shares of the industrial products company’s stock valued at $5,111,000 after acquiring an additional 96,883 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Astec Industries by 120.9% during the second quarter. AQR Capital Management LLC now owns 97,839 shares of the industrial products company’s stock valued at $4,079,000 after acquiring an additional 53,546 shares during the last quarter. 93.16% of the stock is currently owned by institutional investors.

Astec Industries Trading Up 0.4%

NASDAQ:ASTE opened at $54.68 on Friday. The firm’s fifty day moving average is $47.11 and its 200-day moving average is $45.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.01 and a current ratio of 2.58. Astec Industries, Inc. has a 52 week low of $29.65 and a 52 week high of $55.11. The firm has a market cap of $1.25 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.36 and a beta of 1.45.

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Astec Industries in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.00.

Astec Industries Profile

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.