Boston Partners Purchases 8,324 Shares of Astec Industries, Inc. (ASTE)

Boston Partners boosted its position in Astec Industries, Inc. (NASDAQ:ASTE) by 23.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,514 shares of the industrial products company’s stock after purchasing an additional 8,324 shares during the quarter. Boston Partners’ holdings in Astec Industries were worth $2,546,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. 1060 Capital LLC bought a new stake in shares of Astec Industries during the 3rd quarter worth about $37,991,000. Gamco Investors INC. ET AL raised its position in shares of Astec Industries by 21.0% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,274,239 shares of the industrial products company’s stock worth $71,370,000 after buying an additional 221,167 shares in the last quarter. Granite Investment Partners LLC bought a new stake in shares of Astec Industries during the 3rd quarter worth about $11,430,000. State of New Jersey Common Pension Fund D raised its position in shares of Astec Industries by 10.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,490,000 shares of the industrial products company’s stock worth $83,455,000 after buying an additional 140,000 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of Astec Industries by 51.1% during the 3rd quarter. Royce & Associates LP now owns 372,063 shares of the industrial products company’s stock worth $20,839,000 after buying an additional 125,900 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Several brokerages have recently issued reports on ASTE. BidaskClub cut shares of Astec Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. William Blair raised shares of Astec Industries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 2nd. TheStreet raised shares of Astec Industries from a “c+” rating to a “b-” rating in a research note on Friday, January 5th. Seaport Global Securities reaffirmed a “hold” rating on shares of Astec Industries in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research raised shares of Astec Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, December 4th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $73.33.

Astec Industries, Inc. (NASDAQ:ASTE) opened at $60.07 on Thursday. The stock has a market cap of $1,390.00, a P/E ratio of 35.54, a PEG ratio of 1.92 and a beta of 1.06. Astec Industries, Inc. has a 52 week low of $45.70 and a 52 week high of $73.37.

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Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.

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

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