Teacher Retirement System of Texas Grows Stake in AdvanSix (NYSE:ASIX)

Teacher Retirement System of Texas lifted its stake in shares of AdvanSix (NYSE:ASIX - Free Report) by 35.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,692 shares of the company's stock after acquiring an additional 13,391 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.19% of AdvanSix worth $1,171,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of AdvanSix by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 1,951,100 shares of the company's stock worth $55,587,000 after acquiring an additional 27,981 shares during the period. Dimensional Fund Advisors LP increased its position in shares of AdvanSix by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,578,908 shares of the company's stock worth $44,982,000 after acquiring an additional 12,793 shares during the period. American Century Companies Inc. increased its position in shares of AdvanSix by 15.8% during the fourth quarter. American Century Companies Inc. now owns 740,028 shares of the company's stock worth $21,083,000 after acquiring an additional 100,841 shares during the period. Wellington Management Group LLP increased its position in shares of AdvanSix by 43.5% during the fourth quarter. Wellington Management Group LLP now owns 673,885 shares of the company's stock worth $19,199,000 after acquiring an additional 204,200 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of AdvanSix by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 602,303 shares of the company's stock worth $17,164,000 after acquiring an additional 3,818 shares during the period. 86.39% of the stock is owned by hedge funds and other institutional investors.

AdvanSix Stock Up 1.4%

ASIX stock traded up $0.30 during trading on Thursday, hitting $22.20. 232,203 shares of the company's stock traded hands, compared to its average volume of 156,751. The firm has a market capitalization of $595.07 million, a P/E ratio of 7.11 and a beta of 1.60. The business has a fifty day simple moving average of $23.86 and a two-hundred day simple moving average of $25.09. The company has a quick ratio of 0.56, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. AdvanSix has a 1 year low of $18.44 and a 1 year high of $33.00.

AdvanSix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.88%. The ex-dividend date was Tuesday, May 13th. AdvanSix's dividend payout ratio is currently 20.51%.

Wall Street Analysts Forecast Growth

ASIX has been the topic of a number of research reports. Wall Street Zen raised shares of AdvanSix from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 31st. Piper Sandler set a $32.00 price objective on shares of AdvanSix in a report on Monday, May 19th.

AdvanSix 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.