AdvanSix (NYSE:ASIX) Rating Reiterated by Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of AdvanSix (NYSE:ASIX - Free Report) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $40.00 price objective on the stock.

AdvanSix Stock Performance

NYSE ASIX traded up $1.55 during trading on Tuesday, reaching $29.54. The company's stock had a trading volume of 113,951 shares, compared to its average volume of 158,693. AdvanSix has a twelve month low of $23.92 and a twelve month high of $41.11. The firm has a market cap of $788.72 million, a price-to-earnings ratio of 15.55 and a beta of 1.73. The business's fifty day moving average price is $27.01 and its 200-day moving average price is $27.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.58 and a current ratio of 1.17.

AdvanSix (NYSE:ASIX - Get Free Report) last released its quarterly earnings results on Friday, February 16th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.02. AdvanSix had a return on equity of 6.98% and a net margin of 3.56%. The business had revenue of $382.21 million during the quarter, compared to analysts' expectations of $335.80 million. As a group, analysts anticipate that AdvanSix will post 0.94 EPS for the current fiscal year.

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.17%. AdvanSix's dividend payout ratio is presently 33.68%.

Insider Buying and Selling

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the business's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $28.30, for a total transaction of $141,500.00. Following the sale, the chief executive officer now directly owns 557,755 shares in the company, valued at $15,784,466.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Erin N. Kane sold 5,000 shares of the company's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $28.30, for a total value of $141,500.00. Following the sale, the chief executive officer now directly owns 557,755 shares in the company, valued at $15,784,466.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Erin N. Kane sold 3,002 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $28.08, for a total value of $84,296.16. Following the sale, the chief executive officer now directly owns 552,755 shares in the company, valued at approximately $15,521,360.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,387 shares of company stock valued at $486,481. Corporate insiders own 5.20% of the company's stock.

Institutional Trading of AdvanSix

A number of hedge funds have recently bought and sold shares of the company. Wasatch Advisors Inc. purchased a new position in shares of AdvanSix during the 1st quarter worth $31,153,000. Bank of America Corp DE boosted its stake in AdvanSix by 1,257.2% in the 4th quarter. Bank of America Corp DE now owns 548,979 shares of the company's stock worth $20,872,000 after buying an additional 508,531 shares during the last quarter. Victory Capital Management Inc. boosted its stake in AdvanSix by 26.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,177,830 shares of the company's stock worth $67,687,000 after buying an additional 458,622 shares during the last quarter. Scopus Asset Management L.P. purchased a new stake in AdvanSix in the 1st quarter valued at about $16,844,000. Finally, Alliancebernstein L.P. increased its stake in shares of AdvanSix by 32.6% during the 3rd quarter. Alliancebernstein L.P. now owns 967,840 shares of the company's stock valued at $31,068,000 after acquiring an additional 237,798 shares during the last quarter. Institutional investors and hedge funds own 86.39% of the company's stock.

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.