AdvanSix (NYSE:ASIX) Shares Down 0.9% – Time to Sell?

AdvanSix Inc. (NYSE:ASIX) dropped 0.9% during mid-day trading on Thursday . The company traded as low as $31.55 and last traded at $31.62. Approximately 80,031 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 141,588 shares. The stock had previously closed at $31.91.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ASIX shares. StockNews.com downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Piper Sandler raised their price target on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Friday, November 8th.

AdvanSix Stock Down 0.9 %

The stock has a market capitalization of $845.23 million, a PE ratio of 22.43 and a beta of 1.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. The business’s fifty day moving average price is $30.13 and its two-hundred day moving average price is $27.20.

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Tuesday, November 12th. AdvanSix’s payout ratio is 45.39%.

Insider Buying and Selling

In other AdvanSix news, insider Christopher Gramm sold 2,435 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total value of $77,920.00. Following the completion of the sale, the insider now directly owns 43,463 shares of the company’s stock, valued at $1,390,816. This trade represents a 5.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald P. Newman bought 5,030 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $29.64 per share, for a total transaction of $149,089.20. Following the transaction, the director now directly owns 5,030 shares of the company’s stock, valued at $149,089.20. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 15,369 shares of company stock valued at $474,058 over the last 90 days. Insiders own 5.60% of the company’s stock.

Institutional Trading of AdvanSix

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of AdvanSix by 319.2% during the 3rd quarter. Barclays PLC now owns 42,952 shares of the company’s stock worth $1,305,000 after acquiring an additional 32,706 shares in the last quarter. Geode Capital Management LLC raised its position in AdvanSix by 1.5% during the third quarter. Geode Capital Management LLC now owns 598,485 shares of the company’s stock worth $18,186,000 after acquiring an additional 8,903 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of AdvanSix by 29.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock worth $184,000 after purchasing an additional 1,396 shares in the last quarter. Jane Street Group LLC raised its position in shares of AdvanSix by 162.8% during the 3rd quarter. Jane Street Group LLC now owns 51,513 shares of the company’s stock worth $1,565,000 after purchasing an additional 31,915 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in AdvanSix by 48.6% in the 3rd quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock valued at $14,269,000 after buying an additional 153,686 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

About AdvanSix

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.