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Gabelli group reports 7.74% stake in Astec Industries (ASTE) common stock

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Astec Industries Inc. (ASTE) received an amended Schedule 13D/A from a group of Gabelli- and GAMCO-affiliated investment entities reporting a significant ownership stake in its common stock. The filing states that these reporting persons collectively hold 1,771,629 shares, representing 7.74% of the 22,875,841 Astec shares outstanding as disclosed in the company’s Form 10‑Q for the quarter ended September 30, 2025.

The largest reported holder is GAMCO Asset Management Inc. with 1,167,886 shares (5.11%), followed by Gabelli Funds LLC with 565,100 shares (2.47%), along with smaller positions held by Gabelli Foundation, GBL, Mario Gabelli personally, and Teton Advisors. The group notes it is using the long-form Schedule 13D to ensure its regular communications with Astec’s management remain compliant with Exchange Act reporting rules. The filing also lists recent transactions, primarily share sales by Gabelli-affiliated entities between November 2025 and early January 2026 at prices in the mid‑$40s per share.

Positive

  • None.

Negative

  • None.





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


GAMCO INVESTORS, INC. ET AL
Signature:PETER D. GOLDSTEIN
Name/Title:CHIEF LEGAL OFFICER
Date:01/08/2026
GABELLI FUNDS LLC
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:01/08/2026
GAMCO Asset Management Inc.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:01/08/2026
GABELLI FOUNDATION, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:01/08/2026
TETON ADVISORS, LLC
Signature:DAVID GOLDMAN
Name/Title:COUNSEL
Date:01/08/2026
GGCP, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:01/08/2026
Associated Capital Group, Inc.
Signature:PETER D. GOLDSTEIN
Name/Title:CHIEF LEGAL OFFICER
Date:01/08/2026
GABELLI MARIO J
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:01/08/2026

FAQ

How much of Astec Industries (ASTE) do the Gabelli/GAMCO entities own in this filing?

The filing reports that the Gabelli- and GAMCO-affiliated reporting persons collectively beneficially own 1,771,629 shares of Astec Industries common stock, representing 7.74% of the 22,875,841 shares outstanding as disclosed in Astec’s Form 10‑Q for the quarter ended September 30, 2025.

Which Gabelli/GAMCO entity holds the largest stake in Astec Industries (ASTE)?

According to the filing, GAMCO Asset Management Inc. holds the largest stake, beneficially owning 1,167,886 shares of Astec Industries common stock, equal to 5.11% of the outstanding shares.

What other major positions in Astec Industries (ASTE) are disclosed by the Gabelli group?

The filing states that Gabelli Funds LLC beneficially owns 565,100 shares (about 2.47% of the class). Smaller reported holdings include the Gabelli Foundation with 900 shares, GBL with 43 shares, Mario Gabelli personally with 200 shares, and Teton Advisors with 37,500 shares (approximately 0.16%).

Why are the Gabelli/GAMCO entities filing a long-form Schedule 13D for Astec Industries (ASTE)?

The reporting persons explain that they file the long-form Schedule 13D under Section 13d‑1 of the Exchange Act, even though they may be technically eligible to file Schedule 13G, because they may regularly communicate with Astec’s management and want those conversations to remain compliant with their reporting obligations.

What recent trading activity in Astec Industries (ASTE) shares does the filing disclose?

Item 5(c) lists multiple recent sales of Astec shares by Gabelli-affiliated entities between November 2025 and January 2026. These include sales by Gabelli Foundation, Gabelli Funds (including Gabelli Dividend & Income Trust), GAMCO Asset Management, and Teton Advisors’ Teton Westwood Mighty Mites Fund at prices generally in the mid‑$40s per share.

How many Astec Industries (ASTE) shares are outstanding according to this ownership filing?

The filing states that the 7.74% stake is calculated based on 22,875,841 Astec Industries common shares outstanding, as reported by the company in its most recently filed Form 10‑Q for the quarterly period ended September 30, 2025.
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