Strs Ohio Acquires Shares of 15,200 AdvanSix $ASIX

Key Points

• Strs Ohio acquired 15,200 shares of AdvanSix valued at approximately $344,000, representing about 0.06% ownership as disclosed in their latest SEC filing.
• Institutional investors hold a significant portion of AdvanSix, with 86.39% of the stock owned by hedge funds and other institutions.
• AdvanSix announced a quarterly dividend of $0.16 per share, which provides a dividend yield of 3.3% for stockholders, with a recent downgrade from "buy" to "hold" by Wall Street Zen analysts.

Strs Ohio purchased a new stake in AdvanSix (NYSE:ASIX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,200 shares of the company's stock, valued at approximately $344,000. Strs Ohio owned about 0.06% of AdvanSix as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of ASIX. Victory Capital Management Inc. boosted its stake in AdvanSix by 0.6% during the 1st quarter. Victory Capital Management Inc. now owns 2,407,512 shares of the company's stock valued at $54,530,000 after acquiring an additional 15,367 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of AdvanSix by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 1,981,063 shares of the company's stock valued at $44,871,000 after purchasing an additional 29,963 shares in the last quarter. American Century Companies Inc. lifted its position in shares of AdvanSix by 11.3% during the first quarter. American Century Companies Inc. now owns 823,706 shares of the company's stock worth $18,657,000 after purchasing an additional 83,678 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of AdvanSix by 5.7% during the first quarter. Wellington Management Group LLP now owns 712,431 shares of the company's stock worth $16,137,000 after purchasing an additional 38,546 shares during the last quarter. Finally, LSV Asset Management grew its stake in AdvanSix by 23.2% in the first quarter. LSV Asset Management now owns 601,247 shares of the company's stock worth $13,618,000 after purchasing an additional 113,147 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company's stock.

AdvanSix Trading Down 2.7%

AdvanSix stock opened at $19.42 on Wednesday. AdvanSix has a 1 year low of $17.97 and a 1 year high of $33.00. The firm's 50-day moving average is $20.56 and its 200-day moving average is $22.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.66 and a current ratio of 1.35. The company has a market cap of $521.23 million, a P/E ratio of 6.84 and a beta of 1.64.

AdvanSix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were issued 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 3.3%. AdvanSix's dividend payout ratio is 22.54%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut AdvanSix from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, AdvanSix currently has an average rating of "Buy" and a consensus target price of $33.50.

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.

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