Invesco Ltd. Sells 20,312 Shares of AdvanSix $ASIX

Key Points

• Invesco Ltd. has reduced its stock position in AdvanSix by 7.6% during the first quarter, now owning approximately 0.92% of the company valued at $5.6 million.
• Several institutional investors, including GAMMA Investing LLC and Teacher Retirement System of Texas, have increased their stakes in AdvanSix, highlighting mixed investor sentiment.
• AdvanSix recently declared a quarterly dividend of $0.16 per share, resulting in an annualized dividend yield of 3.1%.

Invesco Ltd. decreased its position in shares of AdvanSix (NYSE:ASIX - Free Report) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 247,344 shares of the company's stock after selling 20,312 shares during the period. Invesco Ltd. owned about 0.92% of AdvanSix worth $5,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. boosted 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 acquiring an additional 450 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of AdvanSix by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,543 shares of the company's stock worth $414,000 after acquiring an additional 508 shares in the last quarter. Nilsine Partners LLC boosted its position in shares of AdvanSix by 2.8% during the 1st quarter. Nilsine Partners LLC now owns 21,891 shares of the company's stock worth $496,000 after acquiring an additional 603 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of AdvanSix by 2.8% during the 4th quarter. Two Sigma Advisers LP now owns 29,300 shares of the company's stock worth $835,000 after acquiring an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 86.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ASIX shares. Piper Sandler set a $32.00 target price on shares of AdvanSix in a research report on Monday, May 19th. Wall Street Zen lowered shares of AdvanSix from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $33.50.

AdvanSix Price Performance

AdvanSix stock traded up $0.31 during mid-day trading on Monday, reaching $21.39. The company had a trading volume of 206,448 shares, compared to its average volume of 235,770. AdvanSix has a fifty-two week low of $17.97 and a fifty-two week high of $33.00. The company has a current ratio of 1.35, a quick ratio of 0.66 and a debt-to-equity ratio of 0.29. The company has a market cap of $574.19 million, a P/E ratio of 7.53 and a beta of 1.64. The business has a fifty day simple moving average of $21.66 and a 200 day simple moving average of $22.93.

AdvanSix Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.64 annualized dividend and a dividend yield of 3.0%. AdvanSix's dividend payout ratio (DPR) is presently 22.54%.

About AdvanSix

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.