AdvanSix Inc. (NYSE:ASIX) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its stake in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 53.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 96,440 shares of the company's stock after buying an additional 33,510 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.36% of AdvanSix worth $2,748,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in AdvanSix by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 1,951,100 shares of the company's stock worth $55,587,000 after buying an additional 27,981 shares in the last quarter. 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 purchasing an additional 12,793 shares in the last quarter. American Century Companies Inc. raised its stake in AdvanSix by 15.8% in the 4th quarter. American Century Companies Inc. now owns 740,028 shares of the company's stock valued at $21,083,000 after purchasing an additional 100,841 shares during the last quarter. Wellington Management Group LLP raised its stake in AdvanSix by 43.5% in the 4th quarter. Wellington Management Group LLP now owns 673,885 shares of the company's stock valued at $19,199,000 after purchasing an additional 204,200 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in AdvanSix by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 602,303 shares of the company's stock valued at $17,164,000 after purchasing an additional 3,818 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ASIX has been the topic of several research reports. StockNews.com downgraded shares of AdvanSix from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. UBS Group set a $35.00 target price on AdvanSix in a report on Tuesday, March 18th. Finally, Piper Sandler set a $32.00 price target on AdvanSix in a report on Monday.

AdvanSix Trading Up 4.1%

AdvanSix stock traded up $0.96 during midday trading on Monday, hitting $24.44. 306,563 shares of the stock were exchanged, compared to its average volume of 151,863. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $655.31 million, a price-to-earnings ratio of 15.18 and a beta of 1.59. The stock's 50-day simple moving average is $21.93 and its 200 day simple moving average is $27.02. AdvanSix Inc. has a fifty-two week low of $18.44 and a fifty-two week high of $33.00.

AdvanSix (NYSE:ASIX - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.37) by $0.40. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. The firm had revenue of $329.06 million for the quarter, compared to analysts' expectations of $377.15 million. On average, equities analysts anticipate that AdvanSix Inc. will post 4 EPS for the current year.

AdvanSix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, May 13th. AdvanSix's dividend payout ratio (DPR) is presently 20.51%.

Insider Buying and Selling

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were 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 in the company, valued at $808,713.12. This represents a 9.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.60% of the stock is currently owned by corporate insiders.

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.