Universal Beteiligungs und Servicegesellschaft mbH Reduces Stock Holdings in AdvanSix $ASIX

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in AdvanSix by 31.1% in Q4, selling 40,406 shares and retaining 89,614 shares worth about $1.55 million.
• AdvanSix beat quarterly expectations (EPS $0.03 vs. -$0.06 estimate) with revenue of $359.95M, has a market cap of roughly $683.7M, and pays a quarterly dividend of $0.16 (annualized $0.64, 2.5% yield).
• Institutional investors own about 86.4% of the stock, and Wall Street’s consensus rating is "Hold" with a $25.67 target, although several firms have recently issued upgrades.

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in AdvanSix (NYSE:ASIX - Free Report) by 31.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,614 shares of the company's stock after selling 40,406 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.33% of AdvanSix worth $1,550,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ASIX. Royal Bank of Canada increased its holdings in shares of AdvanSix by 23.2% in the first quarter. Royal Bank of Canada now owns 18,990 shares of the company's stock worth $430,000 after purchasing an additional 3,575 shares during the period. AQR Capital Management LLC increased its stake in AdvanSix by 35.7% in the first quarter. AQR Capital Management LLC now owns 74,743 shares of the company's stock valued at $1,693,000 after acquiring an additional 19,668 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in AdvanSix by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,147 shares of the company's stock valued at $343,000 after acquiring an additional 604 shares during the last quarter. Creative Planning boosted its position in AdvanSix by 13.2% during the second quarter. Creative Planning now owns 11,961 shares of the company's stock valued at $284,000 after buying an additional 1,399 shares during the period. Finally, First Trust Advisors LP boosted its position in AdvanSix by 3.2% during the second quarter. First Trust Advisors LP now owns 120,113 shares of the company's stock valued at $2,853,000 after buying an additional 3,696 shares during the period. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

AdvanSix Stock Performance

AdvanSix stock opened at $25.44 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.52 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average of $21.87 and a 200-day moving average of $18.86. The firm has a market cap of $683.65 million, a P/E ratio of 14.06 and a beta of 1.33. AdvanSix has a 1-year low of $14.10 and a 1-year high of $25.94.

AdvanSix (NYSE:ASIX - Get Free Report) last issued its quarterly earnings data on Friday, February 20th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09. AdvanSix had a net margin of 3.24% and a return on equity of 6.97%. The business had revenue of $359.95 million during the quarter, compared to analyst estimates of $340.85 million.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were issued a $0.16 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.64 annualized dividend and a yield of 2.5%. AdvanSix's dividend payout ratio (DPR) is 35.36%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ASIX. Truist Financial upped their price target on shares of AdvanSix from $19.00 to $20.00 and gave the company a "hold" rating in a research report on Monday, February 23rd. Weiss Ratings upgraded shares of AdvanSix from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday. Loop Capital set a $25.00 target price on shares of AdvanSix in a report on Thursday, March 12th. Finally, Wall Street Zen upgraded shares of AdvanSix from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $25.67.

About AdvanSix

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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