Donald Smith & CO. Inc. Takes Position in AdvanSix Inc. (NYSE:ASIX)

Donald Smith & CO. Inc. bought a new stake in AdvanSix Inc. (NYSE:ASIX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 139,900 shares of the company's stock, valued at approximately $4,191,000. Donald Smith & CO. Inc. owned approximately 0.52% of AdvanSix at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Copeland Capital Management LLC bought a new stake in shares of AdvanSix during the fourth quarter worth about $27,000. Quadrature Capital Ltd acquired a new position in AdvanSix in the third quarter valued at approximately $204,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AdvanSix by 32.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,062 shares of the company's stock valued at $219,000 after buying an additional 1,732 shares during the period. Everence Capital Management Inc. acquired a new position in AdvanSix in the fourth quarter valued at approximately $234,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AdvanSix by 16.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,208 shares of the company's stock valued at $246,000 after buying an additional 1,146 shares during the period. Institutional investors own 86.39% of the company's stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus reissued a "buy" rating and issued a $40.00 price target on shares of AdvanSix in a research note on Tuesday, April 9th.

AdvanSix Stock Up 0.9 %

Shares of NYSE ASIX traded up $0.24 during midday trading on Monday, hitting $26.25. 125,575 shares of the stock traded hands, compared to its average volume of 149,628. The company has a market cap of $700.88 million, a PE ratio of 13.77 and a beta of 1.73. AdvanSix Inc. has a one year low of $23.92 and a one year high of $40.85. The business has a 50 day moving average price of $27.24 and a two-hundred day moving average price of $27.21. 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 announced its quarterly earnings results on Friday, February 16th. The company reported ($0.17) earnings per share (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 the consensus estimate of $335.80 million. On average, equities analysts predict that AdvanSix Inc. will post 1.04 EPS for the current year.

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.64 annualized dividend and a yield of 2.44%. AdvanSix's dividend payout ratio (DPR) is currently 33.68%.

Insider Buying and Selling

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of the company's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $27.69, for a total value of $110,760.00. Following the completion of the transaction, the senior vice president now owns 38,996 shares in the company, valued at approximately $1,079,799.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AdvanSix 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 completion of the transaction, the chief executive officer now owns 557,755 shares in the company, valued at approximately $15,784,466.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of the company's stock in a transaction on 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 directly owns 38,996 shares in the company, valued at approximately $1,079,799.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,387 shares of company stock worth $486,481. 5.20% of the stock is owned by corporate insiders.

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.

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