AdvanSix Inc. (NYSE:ASIX) Stock Holdings Decreased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its stake in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 18.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 159,038 shares of the company's stock after selling 36,698 shares during the period. D. E. Shaw & Co. Inc. owned 0.59% of AdvanSix worth $4,531,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ASIX. JPMorgan Chase & Co. lifted its holdings in shares of AdvanSix by 14.6% during 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. American Century Companies Inc. lifted its holdings in shares of AdvanSix by 15.8% during the 4th quarter. American Century Companies Inc. now owns 740,028 shares of the company's stock valued at $21,083,000 after acquiring an additional 100,841 shares in the last quarter. Oliver Luxxe Assets LLC acquired a new position in shares of AdvanSix during the 4th quarter valued at $1,403,000. Proficio Capital Partners LLC acquired a new position in shares of AdvanSix during the 4th quarter valued at $663,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of AdvanSix during the 4th quarter valued at $228,000. 86.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of the business's stock in a transaction 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 transaction, the senior vice president now owns 36,363 shares in the company, valued at $808,713.12. The trade was a 9.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.60% of the stock is currently owned by company insiders.

AdvanSix Stock Down 2.3%

ASIX stock traded down $0.54 during trading on Friday, reaching $23.06. The stock had a trading volume of 122,793 shares, compared to its average volume of 153,112. AdvanSix Inc. has a 1-year low of $18.44 and a 1-year high of $33.00. 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 company has a market capitalization of $618.33 million, a P/E ratio of 14.32 and a beta of 1.59. The firm has a fifty day moving average price of $21.95 and a 200 day moving average price of $26.86.

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

AdvanSix Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ASIX shares. UBS Group set a $35.00 target price on shares of AdvanSix in a report on Tuesday, March 18th. Piper Sandler set a $32.00 target price on shares of AdvanSix in a report on Monday. Finally, Wall Street Zen upgraded shares of AdvanSix from a "hold" rating to a "buy" rating in a report on Monday.

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.