AdvanSix (NYSE:ASIX) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of AdvanSix (NYSE:ASIX - Free Report) by 35.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,692 shares of the company's stock after buying an additional 13,391 shares during the period. Teacher Retirement System of Texas owned 0.19% of AdvanSix worth $1,171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of AdvanSix by 149.5% in the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $45,000 after purchasing an additional 1,178 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of AdvanSix during the fourth quarter worth $94,000. KLP Kapitalforvaltning AS purchased a new position in AdvanSix in the 4th quarter valued at $137,000. State of Wyoming acquired a new position in AdvanSix in the 4th quarter valued at $156,000. Finally, BOKF NA purchased a new position in AdvanSix during the 4th quarter worth $217,000. Hedge funds and other institutional investors own 86.39% of the company's stock.

AdvanSix Price Performance

AdvanSix stock traded down $0.04 during midday trading on Monday, reaching $23.09. The company's stock had a trading volume of 196,113 shares, compared to its average volume of 174,716. The firm has a market capitalization of $619.15 million, a PE ratio of 7.40 and a beta of 1.60. AdvanSix has a fifty-two week low of $18.44 and a fifty-two week high of $33.00. The stock's 50 day simple moving average is $23.89 and its 200 day simple moving average is $25.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.56 and a current ratio of 1.19.

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Tuesday, May 13th. AdvanSix's dividend payout ratio (DPR) is 20.51%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group set a $35.00 target price on shares of AdvanSix in a research note on Tuesday, March 18th. Piper Sandler set a $32.00 price objective on AdvanSix in a report on Monday, May 19th. Finally, Wall Street Zen upgraded AdvanSix from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 31st.

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.