Nisa Investment Advisors LLC Buys 12,217 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

Nisa Investment Advisors LLC lifted its position in Astec Industries, Inc. (NASDAQ:ASTE) by 319.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,045 shares of the industrial products company’s stock after buying an additional 12,217 shares during the period. Nisa Investment Advisors LLC’s holdings in Astec Industries were worth $539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in shares of Astec Industries during the 2nd quarter valued at about $689,000. Sei Investments Co. grew its position in Astec Industries by 38.6% during the second quarter. Sei Investments Co. now owns 61,038 shares of the industrial products company’s stock valued at $1,810,000 after buying an additional 16,984 shares during the period. Public Sector Pension Investment Board grew its position in shares of Astec Industries by 6.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 50,109 shares of the industrial products company’s stock valued at $1,486,000 after acquiring an additional 2,914 shares during the period. Marshall Wace LLP bought a new position in shares of Astec Industries in the second quarter worth about $225,000. Finally, Squarepoint Ops LLC increased its holdings in Astec Industries by 13.4% in the 2nd quarter. Squarepoint Ops LLC now owns 50,938 shares of the industrial products company’s stock worth $1,511,000 after acquiring an additional 6,019 shares in the last quarter. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Astec Industries Price Performance

Shares of NASDAQ:ASTE opened at $34.95 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 2.47. The firm has a market cap of $796.86 million, a price-to-earnings ratio of -436.82 and a beta of 1.31. The firm has a fifty day moving average price of $35.29 and a 200 day moving average price of $33.67. Astec Industries, Inc. has a fifty-two week low of $28.46 and a fifty-two week high of $44.74.

Astec Industries (NASDAQ:ASTE) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. Astec Industries had a negative net margin of 0.15% and a positive return on equity of 7.69%. The business had revenue of $291.40 million during the quarter, compared to the consensus estimate of $312.90 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The business’s revenue was down 3.9% on a year-over-year basis.

Analysts Set New Price Targets

ASTE has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on Astec Industries from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. StockNews.com cut Astec Industries from a “buy” rating to a “hold” rating in a research report on Wednesday.

Astec Industries Company Profile

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.