16,920 Shares in AdvanSix $ASIX Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP purchased 16,920 shares of AdvanSix, valued at approximately $383,000, representing about 0.06% of the company's total shares.
• AdvanSix recently declared a quarterly dividend of $0.16, with a dividend yield of 3.0% and an annualized dividend of $0.64.
• Equities analysts have mixed opinions on AdvanSix, with one lowering its rating to "hold" and another setting a price target of $32.00 for the stock.

Trexquant Investment LP acquired a new stake in AdvanSix (NYSE:ASIX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,920 shares of the company's stock, valued at approximately $383,000. Trexquant Investment LP owned about 0.06% of AdvanSix at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of AdvanSix by 18.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,948 shares of the company's stock worth $284,000 after purchasing an additional 1,574 shares during the last quarter. Northern Trust Corp lifted its position in shares of AdvanSix by 12.3% in the fourth quarter. Northern Trust Corp now owns 312,561 shares of the company's stock valued at $8,905,000 after acquiring an additional 34,236 shares in the last quarter. Ameriprise Financial Inc. lifted its position in 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 buying an additional 450 shares during the period. Bank of America Corp DE lifted its position in 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. Finally, Deutsche Bank AG raised its holdings in shares of AdvanSix by 52.7% in the 4th quarter. Deutsche Bank AG now owns 22,593 shares of the company's stock worth $644,000 after purchasing an additional 7,795 shares during the period. Hedge funds and other institutional investors own 86.39% of the company's stock.

AdvanSix Price Performance

ASIX opened at $21.23 on Tuesday. AdvanSix has a 1 year low of $17.97 and a 1 year high of $33.00. The stock has a fifty day moving average price of $21.33 and a 200 day moving average price of $22.57. The stock has a market cap of $569.68 million, a price-to-earnings ratio of 7.47 and a beta of 1.64. The company has a current ratio of 1.35, a quick ratio of 0.66 and a debt-to-equity ratio of 0.29.

AdvanSix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.0%. AdvanSix's payout ratio is currently 22.54%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen lowered AdvanSix from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Piper Sandler set a $32.00 price target on AdvanSix in a report on Monday, May 19th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $33.50.

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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