Arrowstreet Capital Limited Partnership Has $6.25 Million Holdings in AdvanSix Inc. (NYSE:ASIX)

Arrowstreet Capital Limited Partnership raised its holdings in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 441.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 219,310 shares of the company's stock after acquiring an additional 178,843 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.82% of AdvanSix worth $6,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASIX. AlphaQuest LLC bought a new stake in AdvanSix during the fourth quarter worth about $94,000. KLP Kapitalforvaltning AS acquired a new position in shares of AdvanSix during the 4th quarter worth approximately $137,000. Public Employees Retirement System of Ohio raised 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. Quadrature Capital Ltd acquired a new stake in shares of AdvanSix in the 3rd quarter valued at approximately $204,000. Finally, Foundations Investment Advisors LLC bought a new position in shares of AdvanSix in the fourth quarter valued at $223,000. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of the business'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 completion of the sale, the senior vice president now owns 36,363 shares of the company's stock, valued at $808,713.12. The trade was a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Erin N. Kane sold 5,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 502,795 shares in the company, valued at $15,179,381.05. This represents a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

AdvanSix Stock Performance

AdvanSix stock traded up $0.34 during mid-day trading on Friday, hitting $20.47. 186,150 shares of the company's stock traded hands, compared to its average volume of 141,407. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.49. The firm has a 50 day simple moving average of $25.24 and a two-hundred day simple moving average of $28.47. AdvanSix Inc. has a fifty-two week low of $18.44 and a fifty-two week high of $33.00. The stock has a market cap of $547.40 million, a price-to-earnings ratio of 12.71 and a beta of 1.64.

AdvanSix (NYSE:ASIX - Get Free Report) last posted its earnings results on Friday, February 21st. The company reported $0.03 earnings per share (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 company had revenue of $329.06 million during the quarter, compared to analysts' expectations of $377.15 million. On average, research analysts expect 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. Stockholders of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Monday, March 10th. AdvanSix's dividend payout ratio is presently 39.75%.

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.