Dean Investment Associates LLC lowered its position in shares of Astec Industries, Inc. (NASDAQ:ASTE) by 41.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,130 shares of the industrial products company’s stock after selling 40,285 shares during the quarter. Dean Investment Associates LLC’s holdings in Astec Industries were worth $3,284,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ASTE. Ameritas Investment Partners Inc. lifted its position in Astec Industries by 11.8% during the second quarter. Ameritas Investment Partners Inc. now owns 1,870 shares of the industrial products company’s stock valued at $104,000 after buying an additional 198 shares during the period. Victory Capital Management Inc. lifted its position in Astec Industries by 87.5% during the third quarter. Victory Capital Management Inc. now owns 3,633 shares of the industrial products company’s stock valued at $203,000 after buying an additional 1,695 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in Astec Industries by 165.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,094 shares of the industrial products company’s stock valued at $229,000 after buying an additional 2,550 shares during the period. Piedmont Investment Advisors LLC purchased a new position in Astec Industries during the second quarter valued at $230,000. Finally, Boothbay Fund Management LLC purchased a new position in Astec Industries during the third quarter valued at $305,000. 80.49% of the stock is owned by institutional investors and hedge funds.

Astec Industries, Inc. (NASDAQ:ASTE) opened at $59.24 on Thursday. The stock has a market capitalization of $1,365.73, a PE ratio of 35.26, a PEG ratio of 1.90 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.

Several equities analysts have commented on the company. TheStreet raised Astec Industries from a “c+” rating to a “b-” rating in a research report on Friday, January 5th. Seaport Global Securities reissued a “hold” rating on shares of Astec Industries in a research report on Tuesday, January 23rd. Zacks Investment Research raised 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. BidaskClub lowered Astec Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, William Blair raised Astec Industries from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.33.

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About Astec Industries

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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