AdvanSix Inc. (NYSE:ASIX) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 43.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 673,885 shares of the company's stock after acquiring an additional 204,200 shares during the quarter. Wellington Management Group LLP owned about 2.52% of AdvanSix worth $19,199,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Prudential Financial Inc. grew its position in AdvanSix by 90.2% during the fourth quarter. Prudential Financial Inc. now owns 402,250 shares of the company's stock valued at $11,460,000 after acquiring an additional 190,727 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of AdvanSix by 441.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 219,310 shares of the company's stock worth $6,248,000 after purchasing an additional 178,843 shares during the period. American Century Companies Inc. grew its holdings in shares of AdvanSix by 15.8% during the 4th quarter. American Century Companies Inc. now owns 740,028 shares of the company's stock worth $21,083,000 after purchasing an additional 100,841 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in AdvanSix during the 4th quarter worth approximately $2,803,000. Finally, Wealthfront Advisers LLC purchased a new position in AdvanSix in the fourth quarter valued at approximately $1,337,000. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AdvanSix

In other news, SVP Achilles B. Kintiroglou sold 4,000 shares of AdvanSix stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total transaction of $88,960.00. Following the sale, the senior vice president now directly owns 36,363 shares of the company's stock, valued at approximately $808,713.12. The trade was a 9.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company's stock.

AdvanSix Stock Down 0.3%

AdvanSix stock traded down $0.06 during midday trading on Wednesday, hitting $23.78. 123,194 shares of the company were exchanged, compared to its average volume of 152,887. The company has a market cap of $637.61 million, a PE ratio of 14.77 and a beta of 1.59. AdvanSix Inc. has a fifty-two week low of $18.44 and a fifty-two week high of $33.00. The company's fifty day moving average price is $22.05 and its 200-day moving average price is $26.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.49.

AdvanSix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, May 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.69%. AdvanSix's dividend payout ratio is currently 20.51%.

Analyst Ratings Changes

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

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.