Vanguard Group Inc. Has $44.87 Million Stock Holdings in AdvanSix $ASIX

Key Points

• Vanguard Group Inc. has increased its stake in AdvanSix by 1.5%, now owning approximately 7.39% of the company, valued at $44.87 million.
• AdvanSix announced a quarterly dividend of $0.16 per share, with a dividend yield of 3.1%, to be paid on August 26th.
• Analysts have mixed ratings on AdvanSix, with one firm setting a price target of $32.00 while the average target price among analysts stands at $33.50.

Vanguard Group Inc. increased its stake in AdvanSix (NYSE:ASIX - Free Report) by 1.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,981,063 shares of the company's stock after purchasing an additional 29,963 shares during the period. Vanguard Group Inc. owned 7.39% of AdvanSix worth $44,871,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in AdvanSix by 149.5% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock worth $45,000 after acquiring an additional 1,178 shares during the period. Teacher Retirement System of Texas grew its holdings in AdvanSix by 35.0% during the 1st quarter. Teacher Retirement System of Texas now owns 51,692 shares of the company's stock worth $1,171,000 after acquiring an additional 13,391 shares during the period. New York State Teachers Retirement System grew its holdings in AdvanSix by 6.0% during the 1st quarter. New York State Teachers Retirement System now owns 50,496 shares of the company's stock worth $1,144,000 after acquiring an additional 2,837 shares during the period. Foundations Investment Advisors LLC grew its holdings in AdvanSix by 221.5% during the 1st quarter. Foundations Investment Advisors LLC now owns 25,133 shares of the company's stock worth $569,000 after acquiring an additional 17,316 shares during the period. Finally, XTX Topco Ltd acquired a new stake in AdvanSix during the 1st quarter worth $221,000. Institutional investors and hedge funds own 86.39% of the company's stock.

AdvanSix Stock Up 1.5%

Shares of ASIX traded up $0.31 during midday trading on Friday, hitting $21.39. The stock had a trading volume of 206,448 shares, compared to its average volume of 188,868. The company has a 50 day simple moving average of $21.70 and a two-hundred day simple moving average of $23.09. AdvanSix has a twelve month low of $17.97 and a twelve month high of $33.00. The firm has a market cap of $574.19 million, a price-to-earnings ratio of 7.53 and a beta of 1.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.35 and a quick ratio of 0.66.

AdvanSix Announces Dividend

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

Analysts Set New Price Targets

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

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.