Astec Industries, Inc. (ASTE) Stake Decreased by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC trimmed its stake in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,536 shares of the industrial products company’s stock after selling 1,275 shares during the period. Stoneridge Investment Partners LLC’s holdings in Astec Industries were worth $382,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ASTE. Teachers Advisors LLC increased its position in Astec Industries by 8.4% during the second quarter. Teachers Advisors LLC now owns 38,127 shares of the industrial products company’s stock worth $2,116,000 after purchasing an additional 2,948 shares during the last quarter. BlackRock Inc. increased its position in shares of Astec Industries by 2.5% during the second quarter. BlackRock Inc. now owns 2,376,181 shares of the industrial products company’s stock valued at $131,901,000 after acquiring an additional 58,250 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Astec Industries by 2.1% during the second quarter. Vanguard Group Inc. now owns 1,845,916 shares of the industrial products company’s stock valued at $102,467,000 after acquiring an additional 38,810 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Astec Industries by 9.6% during the second quarter. Voya Investment Management LLC now owns 9,298 shares of the industrial products company’s stock valued at $516,000 after acquiring an additional 813 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Astec Industries by 30.2% during the second quarter. Stifel Financial Corp now owns 22,014 shares of the industrial products company’s stock valued at $1,225,000 after acquiring an additional 5,111 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Astec Industries, Inc. (NASDAQ:ASTE) opened at $60.07 on Thursday. The company has a market cap of $1,375.88, a price-to-earnings ratio of 35.50, a PEG ratio of 1.91 and a beta of 1.06. Astec Industries, Inc. has a 1-year low of $45.70 and a 1-year high of $73.37.

Several research analysts have recently commented on the stock. William Blair reissued a “buy” rating on shares of Astec Industries in a research note on Tuesday. Seaport Global Securities reissued a “hold” rating on shares of Astec Industries in a research note on Tuesday, January 23rd. TheStreet raised shares of Astec Industries from a “c+” rating to a “b-” rating in a research note on Friday, January 5th. BidaskClub downgraded shares of Astec Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Zacks Investment Research upgraded shares of Astec Industries from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Tuesday, January 9th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Astec Industries presently has an average rating of “Buy” and a consensus target price of $73.33.

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Astec Industries 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.

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

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