Vanguard Group Inc. Trims Stake in AdvanSix Inc. (NYSE:ASIX)

Vanguard Group Inc. trimmed its stake in AdvanSix Inc. (NYSE:ASIX - Free Report) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,249,392 shares of the company's stock after selling 36,878 shares during the period. Vanguard Group Inc. owned about 8.35% of AdvanSix worth $69,911,000 at the end of the most recent reporting period.

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

Insider Transactions at AdvanSix

In related news, SVP Achilles B. Kintiroglou sold 4,000 shares of the firm's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $27.69, for a total value of $110,760.00. Following the transaction, the senior vice president now owns 38,996 shares of the company's stock, valued at approximately $1,079,799.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Erin N. Kane sold 1,385 shares of the firm's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $27.96, for a total value of $38,724.60. Following the transaction, the chief executive officer now owns 556,370 shares of the company's stock, valued at approximately $15,556,105.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of the firm's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $27.69, for a total transaction of $110,760.00. Following the completion of the transaction, the senior vice president now directly owns 38,996 shares in the company, valued at approximately $1,079,799.24. The disclosure for this sale can be found here. Insiders have sold 17,387 shares of company stock valued at $486,481 in the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

AdvanSix Stock Up 2.7 %

Shares of ASIX stock traded up $0.75 on Friday, reaching $28.45. 289,559 shares of the company were exchanged, compared to its average volume of 128,419. The company has a market cap of $759.62 million, a price-to-earnings ratio of 14.97 and a beta of 1.73. The company has a 50-day moving average of $26.92 and a 200-day moving average of $27.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.17 and a quick ratio of 0.58. AdvanSix Inc. has a one year low of $23.92 and a one year high of $41.11.

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

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a dividend of $0.16 per share. 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 2.25%. AdvanSix's dividend payout ratio (DPR) is presently 33.68%.

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.