AdvanSix Inc. (NYSE:ASIX) Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lowered its position in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,338 shares of the company's stock after selling 11,306 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.93% of AdvanSix worth $7,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in ASIX. BOKF NA bought a new position in shares of AdvanSix during the 4th quarter valued at approximately $217,000. Bridgeway Capital Management LLC boosted its holdings in AdvanSix by 3.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 258,822 shares of the company's stock worth $7,374,000 after acquiring an additional 7,670 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of AdvanSix by 38.0% during the fourth quarter. Bank of America Corp DE now owns 64,760 shares of the company's stock worth $1,845,000 after buying an additional 17,823 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of AdvanSix by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 135,127 shares of the company's stock worth $3,850,000 after purchasing an additional 450 shares during the period. Finally, Northern Trust Corp lifted its position in AdvanSix by 12.3% during the fourth quarter. Northern Trust Corp now owns 312,561 shares of the company's stock valued at $8,905,000 after purchasing an additional 34,236 shares during the period. Hedge funds and other institutional investors own 86.39% of the company's stock.

Insider Transactions at AdvanSix

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of AdvanSix 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 completion of the sale, the senior vice president now directly owns 36,363 shares of the company's stock, valued at approximately $808,713.12. The trade was a 9.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on ASIX. Piper Sandler cut AdvanSix from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $35.00 to $26.00 in a report on Monday, April 7th. UBS Group set a $35.00 price target on shares of AdvanSix in a research report on Tuesday, March 18th. Finally, StockNews.com cut AdvanSix from a "buy" rating to a "hold" rating in a research note on Monday, March 24th.

AdvanSix Stock Performance

Shares of ASIX traded down $0.38 during mid-day trading on Wednesday, reaching $23.53. 70,198 shares of the company's stock were exchanged, compared to its average volume of 175,844. The stock has a market capitalization of $630.91 million, a PE ratio of 14.61 and a beta of 1.59. The business's fifty day simple moving average is $22.10 and its 200-day simple moving average is $27.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.49. AdvanSix Inc. has a 52-week low of $18.44 and a 52-week high of $33.00.

AdvanSix (NYSE:ASIX - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.37) by $0.40. The firm had revenue of $329.06 million for the quarter, compared to analyst estimates of $377.15 million. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. On average, equities research analysts expect that AdvanSix Inc. will post 4 earnings per share for the current year.

AdvanSix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, May 13th. AdvanSix's payout ratio is 20.51%.

About AdvanSix

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.