AdvanSix Inc. (NYSE:ASIX) SVP Sells $88,960.00 in Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 4,000 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 36,363 shares in the company, valued at approximately $808,713.12. This represents a 9.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

AdvanSix Trading Down 1.0 %

NYSE ASIX traded down $0.23 on Tuesday, hitting $22.42. The company’s stock had a trading volume of 114,943 shares, compared to its average volume of 137,437. The firm has a market cap of $599.55 million, a P/E ratio of 13.92 and a beta of 1.73. 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 company’s 50-day simple moving average is $27.66 and its 200 day simple moving average is $29.09. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $33.00.

AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, February 21st. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.40. The business had revenue of $329.06 million during the quarter, compared to analyst estimates of $377.15 million. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. Research analysts predict that AdvanSix Inc. will post 4 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Monday, March 10th. AdvanSix’s dividend payout ratio (DPR) is 39.75%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in AdvanSix by 43.5% in the fourth quarter. Wellington Management Group LLP now owns 673,885 shares of the company’s stock worth $19,199,000 after acquiring an additional 204,200 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of AdvanSix in the fourth quarter valued at approximately $2,803,000. Public Employees Retirement System of Ohio boosted its holdings in AdvanSix by 29.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,847 shares of the company’s stock valued at $224,000 after purchasing an additional 1,780 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in AdvanSix by 29.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,279 shares of the company’s stock valued at $2,031,000 after buying an additional 16,078 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in AdvanSix by 116.5% during the 4th quarter. Two Sigma Investments LP now owns 15,074 shares of the company’s stock worth $429,000 after acquiring an additional 8,112 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ASIX has been the topic of several research analyst reports. Piper Sandler cut their target price on shares of AdvanSix from $39.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. UBS Group set a $35.00 target price on AdvanSix in a research note on Tuesday, March 18th. Finally, StockNews.com downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Monday, March 24th.

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.