Northern Trust Corp Has $8.91 Million Position in AdvanSix Inc. (NYSE:ASIX)

Northern Trust Corp lifted its stake in AdvanSix Inc. (NYSE:ASIX - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 312,561 shares of the company's stock after acquiring an additional 34,236 shares during the period. Northern Trust Corp owned 1.17% of AdvanSix worth $8,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of AdvanSix by 14.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 104,584 shares of the company's stock valued at $3,177,000 after acquiring an additional 13,316 shares in the last quarter. Sheets Smith Wealth Management increased its stake in AdvanSix by 3.7% in the 4th quarter. Sheets Smith Wealth Management now owns 15,772 shares of the company's stock valued at $449,000 after buying an additional 569 shares during the period. Inspire Investing LLC increased its stake in AdvanSix by 2.5% in the 4th quarter. Inspire Investing LLC now owns 15,628 shares of the company's stock valued at $445,000 after buying an additional 387 shares during the period. Oliver Luxxe Assets LLC acquired a new position in AdvanSix in the 4th quarter valued at approximately $1,403,000. Finally, Foundations Investment Advisors LLC acquired a new position in AdvanSix in the 4th quarter valued at approximately $223,000. 86.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of AdvanSix from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. UBS Group set a $35.00 price target on shares of AdvanSix in a report on Tuesday, March 18th. Finally, Piper Sandler set a $32.00 price target on shares of AdvanSix in a report on Monday, May 19th.

Insider Buying and Selling at AdvanSix

In related 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 transaction of $88,960.00. Following the transaction, the senior vice president now owns 36,363 shares of the company's stock, valued at $808,713.12. This trade represents a 9.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.60% of the company's stock.

AdvanSix Price Performance

Shares of AdvanSix stock traded down $0.54 during mid-day trading on Friday, reaching $23.06. 122,793 shares of the stock were exchanged, compared to its average volume of 153,112. The company has a market cap of $618.33 million, a price-to-earnings ratio of 14.32 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. The firm has a 50-day simple moving average of $21.95 and a 200 day simple moving average of $26.86. AdvanSix Inc. has a fifty-two week low of $18.44 and a fifty-two week high of $33.00.

AdvanSix (NYSE:ASIX - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.40. The firm had revenue of $329.06 million during the quarter, compared to analysts' expectations of $377.15 million. AdvanSix had a net margin of 2.91% and a return on equity of 6.26%. On average, sell-side analysts predict that AdvanSix Inc. will post 4 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.78%. The ex-dividend date is Tuesday, May 13th. AdvanSix's payout ratio is presently 20.51%.

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.