SG Americas Securities LLC Purchases 62,369 Shares of AdvanSix $ASIX

Key Points

• SG Americas Securities boosted its stake in AdvanSix by 1,145.9% in Q4, adding 62,369 shares to hold 67,812 shares (~0.25% of the company) worth about $1.17 million.
• AdvanSix beat Q results with $0.03 EPS (vs. -$0.06 est.) and $359.95M revenue (vs. $340.85M est.); the company has a $666.8M market cap and a P/E of 13.71.
• AdvanSix pays a $0.16 quarterly dividend (annualized $0.64, yield 2.6%, payout ratio 35.36%), while analysts hold a consensus "Hold" rating with a $25.67 target price.

SG Americas Securities LLC increased its position in AdvanSix (NYSE:ASIX - Free Report) by 1,145.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,812 shares of the company's stock after acquiring an additional 62,369 shares during the period. SG Americas Securities LLC owned about 0.25% of AdvanSix worth $1,173,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ASIX. Raymond James Financial Inc. bought a new stake in shares of AdvanSix in the second quarter worth $29,000. Osaic Holdings Inc. grew its holdings in shares of AdvanSix by 60.2% in the second quarter. Osaic Holdings Inc. now owns 1,285 shares of the company's stock worth $31,000 after acquiring an additional 483 shares during the period. Versant Capital Management Inc grew its holdings in shares of AdvanSix by 185.2% in the third quarter. Versant Capital Management Inc now owns 2,142 shares of the company's stock worth $42,000 after acquiring an additional 1,391 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of AdvanSix by 27,537.5% in the third quarter. CIBC Private Wealth Group LLC now owns 2,211 shares of the company's stock worth $43,000 after acquiring an additional 2,203 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of AdvanSix by 144.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,385 shares of the company's stock worth $57,000 after acquiring an additional 1,408 shares during the period. Institutional investors own 86.39% of the company's stock.

AdvanSix Stock Performance

NYSE ASIX opened at $24.81 on Wednesday. The firm has a market cap of $666.75 million, a price-to-earnings ratio of 13.71 and a beta of 1.43. The company has a quick ratio of 0.52, a current ratio of 1.13 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $19.98 and a 200-day moving average price of $18.43. AdvanSix has a twelve month low of $14.10 and a twelve month high of $25.94.

AdvanSix (NYSE:ASIX - Get Free Report) last released its quarterly earnings data on Friday, February 20th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. The firm had revenue of $359.95 million during the quarter, compared to analyst estimates of $340.85 million. AdvanSix had a return on equity of 6.97% and a net margin of 3.24%. As a group, equities research analysts predict that AdvanSix will post 4 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, March 9th. AdvanSix's payout ratio is currently 35.36%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ASIX shares. Truist Financial lifted their price objective on AdvanSix from $19.00 to $20.00 and gave the stock a "hold" rating in a report on Monday, February 23rd. Weiss Ratings raised AdvanSix from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, March 25th. Wall Street Zen lowered AdvanSix from a "buy" rating to a "hold" rating in a report on Monday, March 9th. Finally, Loop Capital set a $25.00 price target on AdvanSix in a report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, AdvanSix presently has a consensus rating of "Hold" and a consensus target price of $25.67.

AdvanSix Company Profile

AdvanSix, Inc NYSE: ASIX is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.

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