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

Dimensional Fund Advisors LP grew its position in AdvanSix Inc. (NYSE:ASIX - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 5.91% of AdvanSix worth $44,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ASIX. Oliver Luxxe Assets LLC bought a new position in AdvanSix during the fourth quarter valued at $1,403,000. Barclays PLC lifted its holdings in shares of AdvanSix by 319.2% in the 3rd quarter. Barclays PLC now owns 42,952 shares of the company's stock valued at $1,305,000 after acquiring an additional 32,706 shares during the last quarter. JPMorgan Chase & Co. grew its position in AdvanSix by 14.6% in the third quarter. JPMorgan Chase & Co. now owns 104,584 shares of the company's stock worth $3,177,000 after acquiring an additional 13,316 shares in the last quarter. American Century Companies Inc. grew its position in AdvanSix by 15.8% in the fourth quarter. American Century Companies Inc. now owns 740,028 shares of the company's stock worth $21,083,000 after acquiring an additional 100,841 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in AdvanSix during the fourth quarter worth approximately $663,000. Institutional investors own 86.39% of the company's stock.

AdvanSix Trading Up 6.4 %

Shares of NYSE ASIX opened at $22.67 on Friday. AdvanSix Inc. has a fifty-two week low of $18.44 and a fifty-two week high of $33.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08. The company has a market cap of $607.74 million, a price-to-earnings ratio of 14.08 and a beta of 1.59. The business's 50 day moving average price is $22.59 and its 200-day moving average price is $27.44.

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

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 2.82%. AdvanSix's dividend payout ratio (DPR) is 20.51%.

Insiders Place Their Bets

In other news, SVP Achilles B. Kintiroglou sold 4,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total transaction of $88,960.00. Following the transaction, the senior vice president now owns 36,363 shares in the company, valued at approximately $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 accessible through this link. Also, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $30.19, for a total value of $150,950.00. Following the completion of the sale, the chief executive officer now owns 502,795 shares of the company's stock, valued at $15,179,381.05. The trade was a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

Analyst Ratings Changes

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

AdvanSix 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.