Astec Industries, Inc. (ASTE) Forms $60.10 Double Top; Federated Investors (FII) Sellers Decreased By 22.21% Their Shorts

June 14, 2018 - By rebbecca

Astec Industries, Inc. (NASDAQ:ASTE) Logo

Astec Industries, Inc. (ASTE) formed double top with $64.30 target or 7.00% above today’s $60.10 share price. Astec Industries, Inc. (ASTE) has $1.39B valuation. The stock decreased 0.37% or $0.225 during the last trading session, reaching $60.095. About 18,939 shares traded. Astec Industries, Inc. (NASDAQ:ASTE) has risen 3.63% since June 14, 2017 and is uptrending. It has underperformed by 8.94% the S&P500. Some Historical ASTE News: ; 24/04/2018 – ASTEC INDUSTRIES 1Q EPS 87C, EST. 86C; 19/03/2018 – ASTEC INDUSTRIES, TO ATTEND SEAPORT GLOBAL TRANSPORTS & INDUSTR; 04/05/2018 – BSE Mumbai Bourse: Results from Astec Lifesciences for Jan 01 to Mar 31; 16/04/2018 – Astec Industries, Inc. (NASDAQ: ASTE) Announces The Company’s First Quarter Conference Call April 24, 2018 at 10:00 A.M. East; 19/03/2018 Astec Industries, Inc. to Attend Seaport Global Transports and Industrials Conference; 24/05/2018 – Astec Industries Short-Interest Ratio Rises 30% to 9 Days; 16/04/2018 – Astec Industries, Inc. (NASDAQ: ASTE) Announces The Company’s First Quarter Conference Call April 24, 2018 at 10:00 A.M. Eastern Time; 24/04/2018 – ASTEC INDUSTRIES – CO’S BACKLOG AT MARCH 31, 2018 WAS $444.9 MLN, AN INCREASE OF $67.3 MLN OR 17.8% COMPARED TO MARCH 31, 2017 BACKLOG OF $377.6 MLN; 04/05/2018 – BSE Mumbai Bourse: Results from Astec Lifesciences for Apr 01 to Mar 31; 15/05/2018 – Marcato Capital Management Buys 2.3% of Astec Industries

Federated Investors Inc (NYSE:FII) had a decrease of 22.21% in short interest. FII’s SI was 8.98 million shares in June as released by FINRA. Its down 22.21% from 11.54 million shares previously. With 1.07M avg volume, 8 days are for Federated Investors Inc (NYSE:FII)’s short sellers to cover FII’s short positions. The SI to Federated Investors Inc’s float is 10.04%. The stock decreased 0.59% or $0.14 during the last trading session, reaching $23.76. About 232,840 shares traded. Federated Investors, Inc. (NYSE:FII) has declined 6.37% since June 14, 2017 and is downtrending. It has underperformed by 18.94% the S&P500. Some Historical FII News: ; 26/04/2018 – Federated Investors 1Q EPS 60c; 20/04/2018 – FII Tech Growth Invests in SECO; 26/04/2018 – FEDERATED INVESTORS BOOSTS QTR DIV TO 27C/SHR,FROM 25C,EST. 25C; 30/03/2018 – Consolidated Research: 2018 Summary Expectations for RadNet, Molecular Templates, Federated Investors, Kadant, Heartland Financ; 13/04/2018 – FEDERATED INVESTORS INC Fll.N – FEDERATED WILL FUND TRANSACTION THROUGH A COMBINATION OF CASH AND AN EXISTING REVOLVING CREDIT FACILITY; 09/05/2018 – Federated Investors Buys New 1.1% Position in Atara Bio; 26/04/2018 – FEDERATED INVESTORS INC – FEDERATED’S FIXED-INCOME ASSETS WERE $62.3 BLN AT MARCH 31, 2018, UP $10.5 BLN; 13/04/2018 – FEDERATED INVESTORS INC Fll.N – AGREEMENT HAS BEEN APPROVED BY BOARDS OF FEDERATED AND BTPS; 05/04/2018 – SEBI: MONITORING OF FII LIMITS IN LISTED INDIAN COMPANIES; 13/04/2018 – Federated: Hermes’ Headquarters Will Remain in London, Operating as a Subsidiary of Federated Investors

Federated Investors, Inc. is a publicly owned asset management holding company. The company has market cap of $2.41 billion. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. It has a 8.28 P/E ratio. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios.

Among 10 analysts covering Federated Investors (NYSE:FII), 0 have Buy rating, 3 Sell and 7 Hold. Therefore 0 are positive. Federated Investors had 48 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, September 25 by Jefferies. The firm has “Hold” rating given on Monday, October 30 by Argus Research. As per Thursday, April 7, the company rating was maintained by JP Morgan. RBC Capital Markets maintained Federated Investors, Inc. (NYSE:FII) on Friday, December 15 with “Hold” rating. Keefe Bruyette & Woods downgraded the stock to “Underperform” rating in Monday, May 1 report. The stock has “Hold” rating by Jefferies on Wednesday, April 11. Deutsche Bank maintained it with “Hold” rating and $34 target in Friday, April 6 report. JP Morgan downgraded Federated Investors, Inc. (NYSE:FII) on Monday, January 8 to “Underweight” rating. The stock of Federated Investors, Inc. (NYSE:FII) earned “Sell” rating by Citigroup on Thursday, April 26. The firm has “Hold” rating given on Wednesday, April 5 by Wood.

Since January 2, 2018, it had 0 insider purchases, and 7 selling transactions for $1.03 million activity. Novak Richard A also sold $11,595 worth of Federated Investors, Inc. (NYSE:FII) on Tuesday, March 6. Germain Peter J sold $44,348 worth of stock. Another trade for 61 shares valued at $2,087 was sold by Van Meter Stephen. $72,277 worth of Federated Investors, Inc. (NYSE:FII) was sold by Uhlman Paul A on Tuesday, March 6. Ceresino Gordon J had sold 4,487 shares worth $153,438. $399,149 worth of Federated Investors, Inc. (NYSE:FII) was sold by FISHER JOHN B on Tuesday, March 6.

Investors sentiment increased to 1.47 in 2018 Q1. Its up 0.27, from 1.2 in 2017Q4. It improved, as 17 investors sold Federated Investors, Inc. shares while 85 reduced holdings. 51 funds opened positions while 99 raised stakes. 76.99 million shares or 0.29% more from 76.77 million shares in 2017Q4 were reported. Employees Retirement Of Ohio holds 56,712 shares or 0.01% of its portfolio. 9,931 are owned by Raymond James And. Tarbox Family Office holds 0% of its portfolio in Federated Investors, Inc. (NYSE:FII) for 23 shares. Muhlenkamp And Co Inc invested in 253,785 shares or 3.07% of the stock. 336,025 were accumulated by Old Mutual Global Invsts (Uk) Limited. Moreover, Ny State Teachers Retirement System has 0.01% invested in Federated Investors, Inc. (NYSE:FII). Bluemountain Ltd Liability holds 0% or 4,626 shares in its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mngmt Corp holds 0.06% in Federated Investors, Inc. (NYSE:FII) or 186,600 shares. Td Asset Mgmt owns 17,404 shares. Comerica Bancorporation has 85,693 shares. State Street Corp holds 0.01% in Federated Investors, Inc. (NYSE:FII) or 2.77 million shares. Moreover, Stifel Fin has 0% invested in Federated Investors, Inc. (NYSE:FII) for 28,786 shares. Quantitative Limited Co holds 89,900 shares. Credit Suisse Ag holds 0% or 140,392 shares in its portfolio. 530,285 were reported by Acadian Asset Mgmt Limited Company.

Analysts await Astec Industries, Inc. (NASDAQ:ASTE) to report earnings on July, 24. They expect $0.93 earnings per share, up 50.00% or $0.31 from last year’s $0.62 per share. ASTE’s profit will be $21.46M for 16.15 P/E if the $0.93 EPS becomes a reality. After $0.87 actual earnings per share reported by Astec Industries, Inc. for the previous quarter, Wall Street now forecasts 6.90% EPS growth.

Investors sentiment decreased to 1.09 in Q1 2018. Its down 0.25, from 1.34 in 2017Q4. It fall, as 21 investors sold Astec Industries, Inc. shares while 49 reduced holdings. 25 funds opened positions while 51 raised stakes. 20.60 million shares or 2.39% more from 20.12 million shares in 2017Q4 were reported. Suntrust Banks owns 8,334 shares or 0% of their US portfolio. Thrivent Financial For Lutherans holds 0% in Astec Industries, Inc. (NASDAQ:ASTE) or 12,344 shares. X Management Limited Com has 4,667 shares for 0.01% of their portfolio. Royal Natl Bank Of Canada has invested 0% in Astec Industries, Inc. (NASDAQ:ASTE). Goldman Sachs Gru invested in 0% or 64,728 shares. Gabelli Funds Limited Liability Corp has 605,900 shares for 0.2% of their portfolio. Principal Gp holds 0.01% or 146,780 shares in its portfolio. Fin Engines Advsrs Ltd Llc reported 7,091 shares. California State Teachers Retirement has invested 0% in Astec Industries, Inc. (NASDAQ:ASTE). Dean Invest Lc reported 0.48% of its portfolio in Astec Industries, Inc. (NASDAQ:ASTE). New Jersey Better Educational Savings Trust reported 9,000 shares. Geode Capital Mngmt Ltd Llc reported 190,542 shares. 35,579 are held by California Public Employees Retirement Sys. 4,715 were accumulated by Blair William & Il. Legal & General Group Inc Public Limited Com stated it has 40,730 shares.

Since May 1, 2018, it had 0 insider buys, and 2 sales for $3.19 million activity. $1.23 million worth of Astec Industries, Inc. (NASDAQ:ASTE) was sold by Brock Benjamin G on Thursday, May 3.

Among 9 analysts covering Astec Industries (NASDAQ:ASTE), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Astec Industries has $85 highest and $33 lowest target. $65.33’s average target is 8.71% above currents $60.095 stock price. Astec Industries had 22 analyst reports since July 22, 2015 according to SRatingsIntel. Dougherty upgraded Astec Industries, Inc. (NASDAQ:ASTE) on Wednesday, February 21 to “Buy” rating. The stock has “Buy” rating by Maxim Group on Tuesday, October 20. The stock has “Buy” rating by Maxim Group on Monday, May 16. The stock of Astec Industries, Inc. (NASDAQ:ASTE) has “Buy” rating given on Friday, November 10 by Robert W. Baird. The stock of Astec Industries, Inc. (NASDAQ:ASTE) earned “Buy” rating by Robert W. Baird on Thursday, January 4. The company was downgraded on Tuesday, July 19 by Robert W. Baird. The firm has “Hold” rating given on Tuesday, January 23 by Seaport Global. The firm has “Outperform” rating by William Blair given on Tuesday, January 2. The firm has “Buy” rating given on Tuesday, April 24 by Stifel Nicolaus. William Blair maintained Astec Industries, Inc. (NASDAQ:ASTE) on Tuesday, February 13 with “Buy” rating.

Astec Industries, Inc. (NASDAQ:ASTE) Institutional Positions Chart