Legato Capital Management LLC Purchases 18,325 Shares of Astec Industries, Inc. (NASDAQ:ASTE)

Legato Capital Management LLC boosted its holdings in shares of Astec Industries, Inc. (NASDAQ:ASTE - Free Report) by 196.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,671 shares of the industrial products company's stock after acquiring an additional 18,325 shares during the quarter. Legato Capital Management LLC owned 0.12% of Astec Industries worth $930,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Centiva Capital LP bought a new stake in Astec Industries in the third quarter worth $353,000. Geode Capital Management LLC lifted its position in shares of Astec Industries by 4.2% in the third quarter. Geode Capital Management LLC now owns 569,089 shares of the industrial products company's stock worth $18,180,000 after buying an additional 22,743 shares during the last quarter. Barclays PLC boosted its stake in shares of Astec Industries by 118.9% during the 3rd quarter. Barclays PLC now owns 40,529 shares of the industrial products company's stock worth $1,294,000 after acquiring an additional 22,017 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Astec Industries by 38.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 56,586 shares of the industrial products company's stock valued at $1,807,000 after acquiring an additional 15,736 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Astec Industries by 319.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 16,045 shares of the industrial products company's stock worth $539,000 after purchasing an additional 12,217 shares during the last quarter. 93.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Robert W. Baird increased 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 upgraded shares of Astec Industries from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th.

Astec Industries Stock Performance

NASDAQ ASTE traded up $0.02 during trading on Monday, hitting $33.01. The company's stock had a trading volume of 80,346 shares, compared to its average volume of 217,625. Astec Industries, Inc. has a 52 week low of $28.46 and a 52 week high of $44.74. The firm has a market cap of $752.69 million, a P/E ratio of -412.57 and a beta of 1.31. The firm has a 50 day moving average price of $34.02 and a 200 day moving average price of $33.62. The company has a quick ratio of 0.91, a current ratio of 2.47 and a debt-to-equity ratio of 0.16.

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.