Achilles B. Kintiroglou Sells 571 Shares of AdvanSix (NYSE:ASIX) Stock

AdvanSix (NYSE:ASIX - Get Free Report) SVP Achilles B. Kintiroglou sold 571 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $24.85, for a total transaction of $14,189.35. Following the completion of the sale, the senior vice president directly owned 31,984 shares in the company, valued at approximately $794,802.40. This represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

AdvanSix Trading Up 1.2%

Shares of ASIX traded up $0.29 during trading hours on Wednesday, hitting $25.09. 173,418 shares of the stock were exchanged, compared to its average volume of 153,058. AdvanSix has a fifty-two week low of $18.44 and a fifty-two week high of $33.00. The business has a 50-day moving average of $23.38 and a 200-day moving average of $25.46. The firm has a market capitalization of $672.66 million, a P/E ratio of 8.04 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.56.

AdvanSix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Tuesday, May 13th. AdvanSix's dividend payout ratio (DPR) is presently 20.51%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ASIX. JPMorgan Chase & Co. grew its stake in AdvanSix by 5.5% during the fourth quarter. JPMorgan Chase & Co. now owns 110,289 shares of the company's stock worth $3,142,000 after purchasing an additional 5,705 shares during the period. American Century Companies Inc. boosted its holdings in shares of AdvanSix by 15.8% during the 4th quarter. American Century Companies Inc. now owns 740,028 shares of the company's stock worth $21,083,000 after buying an additional 100,841 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of AdvanSix during the 4th quarter worth approximately $663,000. Envestnet Asset Management Inc. acquired a new stake in shares of AdvanSix during the 4th quarter worth approximately $228,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of AdvanSix by 29.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,279 shares of the company's stock valued at $2,031,000 after acquiring an additional 16,078 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Piper Sandler set a $32.00 target price on AdvanSix in a report on Monday, May 19th. Wall Street Zen raised AdvanSix from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 31st. Finally, UBS Group set a $35.00 target price on AdvanSix in a report on Tuesday, March 18th.

AdvanSix Company Profile

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.

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