LSV Asset Management Has $13.91 Million Stock Holdings in AdvanSix Inc. (NYSE:ASIX)

LSV Asset Management lessened its stake in AdvanSix Inc. (NYSE:ASIX - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,100 shares of the company's stock after selling 27,650 shares during the quarter. LSV Asset Management owned 1.83% of AdvanSix worth $13,906,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ASIX. Vanguard Group Inc. raised its stake in AdvanSix by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 1,951,100 shares of the company's stock valued at $55,587,000 after purchasing an additional 27,981 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of AdvanSix by 15.8% during the fourth quarter. American Century Companies Inc. now owns 740,028 shares of the company's stock worth $21,083,000 after buying an additional 100,841 shares in the last quarter. Wellington Management Group LLP raised its position in shares of AdvanSix by 43.5% in the fourth quarter. Wellington Management Group LLP now owns 673,885 shares of the company's stock valued at $19,199,000 after buying an additional 204,200 shares during the last quarter. Geode Capital Management LLC raised its position in shares of AdvanSix by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 602,303 shares of the company's stock valued at $17,164,000 after buying an additional 3,818 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of AdvanSix by 90.2% during the fourth quarter. Prudential Financial Inc. now owns 402,250 shares of the company's stock valued at $11,460,000 after buying an additional 190,727 shares during the period. Institutional investors and hedge funds own 86.39% of the company's stock.

Insider Transactions at AdvanSix

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

Analyst Ratings Changes

Several equities analysts recently weighed in on ASIX shares. Piper Sandler downgraded AdvanSix from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $35.00 to $26.00 in a research report on Monday, April 7th. UBS Group set a $35.00 target price on shares of AdvanSix in a report 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 Stock Up 0.1 %

Shares of AdvanSix stock traded up $0.03 during trading hours on Friday, hitting $19.97. 196,227 shares of the company's stock traded hands, compared to its average volume of 142,553. AdvanSix Inc. has a twelve month low of $18.44 and a twelve month high of $33.00. The company has a market cap of $533.94 million, a PE ratio of 12.40 and a beta of 1.64. The company has a quick ratio of 0.49, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $24.47 and a 200-day simple moving average of $28.20.

AdvanSix (NYSE:ASIX - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.03 EPS for the quarter, beating 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 firm had revenue of $329.06 million for the quarter, compared to the consensus estimate of $377.15 million. Equities research analysts anticipate that AdvanSix Inc. will post 4 earnings per share for the current fiscal year.

AdvanSix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Monday, March 10th. AdvanSix's dividend payout ratio (DPR) is presently 39.75%.

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.