Universal Beteiligungs und Servicegesellschaft mbH Makes New $2.80 Million Investment in AdvanSix Inc. (NYSE:ASIX)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in AdvanSix Inc. (NYSE:ASIX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 98,372 shares of the company's stock, valued at approximately $2,803,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.37% of AdvanSix at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AlphaQuest LLC bought a new stake in shares of AdvanSix in the 4th quarter valued at approximately $94,000. KLP Kapitalforvaltning AS bought a new stake in shares of AdvanSix in the 4th quarter valued at approximately $137,000. State of Wyoming bought a new stake in shares of AdvanSix in the 4th quarter valued at approximately $156,000. BOKF NA bought a new stake in shares of AdvanSix in the 4th quarter valued at approximately $217,000. Finally, ProShare Advisors LLC bought a new stake in shares of AdvanSix in the 4th quarter valued at approximately $220,000. 86.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total transaction of $88,960.00. Following the transaction, the senior vice president now directly owns 36,363 shares in the company, valued at $808,713.12. This trade represents a 9.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

AdvanSix Trading Up 1.2%

ASIX traded up $0.28 during trading on Friday, hitting $23.87. 116,422 shares of the stock were exchanged, compared to its average volume of 152,804. The firm has a 50 day simple moving average of $22.10 and a 200 day simple moving average of $26.40. The firm has a market cap of $639.89 million, a price-to-earnings ratio of 14.82 and a beta of 1.59. AdvanSix Inc. has a 1 year low of $18.44 and a 1 year high of $33.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08.

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, May 13th. This represents a $0.64 annualized dividend and a yield of 2.68%. AdvanSix's payout ratio is currently 20.51%.

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.