AdvanSix (NYSE:ASIX) Upgraded at Wall Street Zen

AdvanSix (NYSE:ASIX - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also recently commented on ASIX. UBS Group set a $35.00 target price on shares of AdvanSix in a research report on Tuesday, March 18th. Piper Sandler set a $32.00 price objective on shares of AdvanSix in a research report on Monday, May 19th.

AdvanSix Price Performance

ASIX stock traded down $0.06 during midday trading on Friday, reaching $23.78. The company had a trading volume of 123,194 shares, compared to its average volume of 152,887. AdvanSix has a 1-year low of $18.44 and a 1-year high of $33.00. The stock has a 50 day moving average price of $22.05 and a 200-day moving average price of $26.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.49. The company has a market capitalization of $637.61 million, a price-to-earnings ratio of 14.77 and a beta of 1.59.

Insiders Place Their Bets

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $22.24, for a total value of $88,960.00. Following the sale, the senior vice president now owns 36,363 shares in the company, valued at $808,713.12. This trade represents a 9.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ASIX. Ameriprise Financial Inc. boosted its holdings in shares of AdvanSix by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 135,127 shares of the company's stock valued at $3,850,000 after acquiring an additional 450 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AdvanSix by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,543 shares of the company's stock worth $414,000 after purchasing an additional 508 shares in the last quarter. Oliver Luxxe Assets LLC raised its position in AdvanSix by 1.1% in the first quarter. Oliver Luxxe Assets LLC now owns 49,805 shares of the company's stock valued at $1,128,000 after purchasing an additional 543 shares during the last quarter. Nilsine Partners LLC boosted its stake in shares of AdvanSix by 2.8% during the first quarter. Nilsine Partners LLC now owns 21,891 shares of the company's stock valued at $496,000 after purchasing an additional 603 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of AdvanSix by 22.3% during the first quarter. AlphaQuest LLC now owns 4,014 shares of the company's stock valued at $91,000 after purchasing an additional 731 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

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.