AdvanSix Inc. (NYSE:ASIX) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,951,100 shares of the company's stock after acquiring an additional 27,981 shares during the quarter. Vanguard Group Inc. owned approximately 7.30% of AdvanSix worth $55,587,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ASIX. KLP Kapitalforvaltning AS bought a new position in AdvanSix in the fourth quarter worth about $137,000. Sei Investments Co. boosted its stake in AdvanSix by 61.8% in the fourth quarter. Sei Investments Co. now owns 15,938 shares of the company's stock valued at $454,000 after acquiring an additional 6,087 shares in the last quarter. American Century Companies Inc. grew its holdings in AdvanSix by 15.8% in the fourth 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 last quarter. Teacher Retirement System of Texas purchased a new stake in AdvanSix in the fourth quarter valued at about $1,091,000. Finally, Intech Investment Management LLC increased its holdings in shares of AdvanSix by 101.8% during the fourth quarter. Intech Investment Management LLC now owns 18,173 shares of the company's stock valued at $518,000 after acquiring an additional 9,167 shares in the last quarter. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ASIX. StockNews.com cut shares of AdvanSix from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Piper Sandler downgraded AdvanSix from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $35.00 to $26.00 in a report on Monday, April 7th. Finally, UBS Group set a $35.00 price objective on shares of AdvanSix in a research note on Tuesday, March 18th.

AdvanSix Stock Performance

Shares of ASIX traded down $0.08 during mid-day trading on Thursday, reaching $19.86. The company had a trading volume of 48,996 shares, compared to its average volume of 159,995. The stock has a market capitalization of $531.11 million, a P/E ratio of 12.33 and a beta of 1.64. AdvanSix Inc. has a 52-week low of $18.44 and a 52-week high of $33.00. The stock has a 50 day moving average of $24.66 and a two-hundred day moving average of $28.27. The company has a quick ratio of 0.49, a current ratio of 1.08 and a debt-to-equity ratio of 0.25.

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

AdvanSix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 3.22%. AdvanSix's dividend payout ratio is presently 39.75%.

Insiders Place Their Bets

In other news, SVP Achilles B. Kintiroglou sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total transaction of $88,960.00. Following the transaction, the senior vice president now directly owns 36,363 shares in the company, valued at $808,713.12. The trade was a 9.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Erin N. Kane sold 5,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $30.19, for a total value of $150,950.00. Following the transaction, the chief executive officer now directly owns 502,795 shares in the company, valued at $15,179,381.05. This trade represents a 0.98 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company 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.