Dimensional Fund Advisors LP Buys 12,793 Shares of AdvanSix Inc. (NYSE:ASIX)

Dimensional Fund Advisors LP raised its stake in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,578,908 shares of the company's stock after acquiring an additional 12,793 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.91% of AdvanSix worth $44,982,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of AdvanSix by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 1,951,100 shares of the company's stock worth $55,587,000 after purchasing an additional 27,981 shares during the period. American Century Companies Inc. grew its holdings in AdvanSix by 15.8% in the 4th quarter. American Century Companies Inc. now owns 740,028 shares of the company's stock valued at $21,083,000 after buying an additional 100,841 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of AdvanSix by 43.5% in the fourth quarter. Wellington Management Group LLP now owns 673,885 shares of the company's stock valued at $19,199,000 after buying an additional 204,200 shares during the period. Geode Capital Management LLC grew its stake in AdvanSix by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 602,303 shares of the company's stock worth $17,164,000 after buying an additional 3,818 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in AdvanSix by 90.2% during the fourth quarter. Prudential Financial Inc. now owns 402,250 shares of the company's stock valued at $11,460,000 after purchasing an additional 190,727 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors.

Insider Activity at AdvanSix

In other news, SVP Achilles B. Kintiroglou sold 4,000 shares of the business'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 transaction of $88,960.00. Following the completion of the transaction, the senior vice president now directly owns 36,363 shares of the company's stock, valued at $808,713.12. The trade was a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is currently owned by insiders.

AdvanSix Stock Down 1.3 %

AdvanSix stock traded down $0.31 during trading on Friday, hitting $22.96. 27,662 shares of the company were exchanged, compared to its average volume of 148,949. AdvanSix Inc. has a 52 week low of $18.44 and a 52 week high of $33.00. The business's 50 day moving average is $22.20 and its 200 day moving average is $27.26. The company has a market capitalization of $615.63 million, a P/E ratio of 14.26 and a beta of 1.59. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

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

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.79%. AdvanSix's dividend payout ratio is presently 20.51%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ASIX shares. UBS Group set a $35.00 price target on shares of AdvanSix in a report on Tuesday, March 18th. Piper Sandler cut AdvanSix from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $35.00 to $26.00 in a report on Monday, April 7th. Finally, StockNews.com lowered shares of AdvanSix from a "buy" rating to a "hold" rating in a report on Monday, March 24th.

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.