Bank of America Corp DE grew its holdings in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 38.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,760 shares of the company's stock after purchasing an additional 17,823 shares during the period. Bank of America Corp DE owned about 0.24% of AdvanSix worth $1,845,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Ameriprise Financial Inc. grew its position in shares of AdvanSix by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 135,127 shares of the company's stock worth $3,850,000 after purchasing an additional 450 shares in the last quarter. Northern Trust Corp grew its position in shares of AdvanSix by 12.3% during the 4th quarter. Northern Trust Corp now owns 312,561 shares of the company's stock worth $8,905,000 after purchasing an additional 34,236 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of AdvanSix during the 4th quarter worth approximately $314,000. Price T Rowe Associates Inc. MD boosted its position in shares of AdvanSix by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,948 shares of the company's stock worth $284,000 after acquiring an additional 1,574 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its position in shares of AdvanSix by 61.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 19,856 shares of the company's stock worth $566,000 after acquiring an additional 7,565 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company's stock.
Insider Buying and Selling at AdvanSix
In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of the firm'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 value of $88,960.00. Following the sale, the senior vice president now owns 36,363 shares in the company, valued at $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 available at this link. Company insiders own 5.60% of the company's stock.
AdvanSix Price Performance
Shares of NYSE ASIX traded up $0.28 during trading hours on Friday, hitting $23.87. 116,422 shares of the stock were exchanged, compared to its average volume of 152,804. 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 $639.89 million, a PE ratio of 14.82 and a beta of 1.59. The company's fifty day simple moving average is $22.10 and its two-hundred day simple moving average is $26.38. AdvanSix Inc. has a 1-year low of $18.44 and a 1-year high of $33.00.
AdvanSix Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were given a $0.16 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.68%. AdvanSix's dividend payout ratio is currently 20.51%.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Wall Street Zen upgraded shares of AdvanSix from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 31st. Piper Sandler set a $32.00 price target on shares of AdvanSix in a research report on Monday, May 19th. Finally, UBS Group set a $35.00 price target on shares of AdvanSix in a research report on Tuesday, March 18th.
Read Our Latest Analysis on ASIX
About AdvanSix
(
Free Report)
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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