Shares of AdvanSix Inc. (NYSE:ASIX - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $32.65 and last traded at $32.18, with a volume of 2624 shares trading hands. The stock had previously closed at $32.47.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on ASIX shares. StockNews.com cut AdvanSix from a "buy" rating to a "hold" rating in a research note on Tuesday, November 19th. Piper Sandler upped their price target on shares of AdvanSix from $35.00 to $39.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th.
Check Out Our Latest Stock Report on AdvanSix
AdvanSix Trading Up 1.2 %
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 has a 50-day simple moving average of $30.34 and a two-hundred day simple moving average of $27.37. The stock has a market cap of $878.62 million, a price-to-earnings ratio of 23.31 and a beta of 1.69.
AdvanSix Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Tuesday, November 12th. AdvanSix's payout ratio is presently 45.39%.
Insider Buying and Selling at AdvanSix
In related news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total transaction of $151,400.00. Following the completion of the sale, the chief executive officer now directly owns 522,795 shares of the company's stock, valued at approximately $15,830,232.60. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher Gramm sold 2,435 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $32.00, for a total value of $77,920.00. Following the completion of the transaction, the insider now directly owns 43,463 shares in the company, valued at approximately $1,390,816. This represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,369 shares of company stock valued at $474,058 in the last quarter. 5.60% of the stock is currently owned by insiders.
Institutional Investors Weigh In On AdvanSix
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners bought a new stake in shares of AdvanSix in the first quarter valued at approximately $702,000. First Eagle Investment Management LLC raised its holdings in AdvanSix by 33.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company's stock valued at $14,006,000 after acquiring an additional 151,470 shares in the last quarter. American Century Companies Inc. lifted its position in shares of AdvanSix by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 593,834 shares of the company's stock valued at $13,611,000 after acquiring an additional 30,500 shares during the period. Deprince Race & Zollo Inc. grew its holdings in shares of AdvanSix by 45.2% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company's stock worth $5,955,000 after purchasing an additional 80,915 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of AdvanSix in the second quarter worth $34,000. Institutional investors and hedge funds own 86.39% of the company's stock.
About AdvanSix
(
Get Free Report)
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.
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