Achilles B. Kintiroglou Sells 4,000 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIX - Get Free Report) SVP Achilles B. Kintiroglou sold 4,000 shares of the 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 completion of the transaction, the senior vice president now owns 36,363 shares in the company, valued at approximately $808,713.12. This trade represents a 9.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

AdvanSix Price Performance

Shares of ASIX stock traded down $0.45 during trading hours on Friday, reaching $20.33. The company had a trading volume of 365,730 shares, compared to its average volume of 138,006. AdvanSix Inc. has a 12-month low of $19.21 and a 12-month high of $33.00. The company has a market capitalization of $543.57 million, a price-to-earnings ratio of 12.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08. The stock has a fifty day moving average of $26.85 and a 200-day moving average of $28.90.

AdvanSix (NYSE:ASIX - Get Free Report) last issued 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. The business had revenue of $329.06 million during the quarter, compared to the consensus estimate of $377.15 million. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. On average, equities analysts anticipate that AdvanSix Inc. will post 4 earnings per share for the current year.

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AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Monday, March 10th. AdvanSix's payout ratio is presently 39.75%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group set a $35.00 target price on shares of AdvanSix in a research report on Tuesday, March 18th. StockNews.com cut AdvanSix from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Piper Sandler decreased their price objective on AdvanSix from $39.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of 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 purchasing an additional 153,686 shares during the last quarter. Oliver Luxxe Assets LLC acquired a new position in AdvanSix in the fourth quarter valued at about $1,403,000. Barclays PLC boosted its stake in AdvanSix by 319.2% during the third quarter. Barclays PLC now owns 42,952 shares of the company's stock worth $1,305,000 after buying an additional 32,706 shares during the period. JPMorgan Chase & Co. increased its position in shares of AdvanSix by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 104,584 shares of the company's stock valued at $3,177,000 after acquiring an additional 13,316 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of AdvanSix by 162.8% in the 3rd quarter. Jane Street Group LLC now owns 51,513 shares of the company's stock worth $1,565,000 after acquiring an additional 31,915 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

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.