Shares of AdvanSix Inc. (NYSE:ASIX - Get Free Report) shot up 0.2% during trading on Wednesday . The company traded as high as $30.63 and last traded at $30.15. 20,887 shares changed hands during trading, a decline of 85% from the average session volume of 139,300 shares. The stock had previously closed at $30.10.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ASIX. Piper Sandler lifted their price target on shares of AdvanSix from $35.00 to $39.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. StockNews.com raised AdvanSix from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th.
Get Our Latest Stock Analysis on ASIX
AdvanSix Stock Performance
The stock has a market capitalization of $767.71 million, a P/E ratio of 20.37 and a beta of 1.73. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $30.53 and a two-hundred day moving average price of $27.99.
AdvanSix Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Tuesday, November 12th. AdvanSix's dividend payout ratio (DPR) is currently 45.39%.
Insider Buying and Selling
In related news, Director Donald P. Newman purchased 5,030 shares of AdvanSix stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $29.64 per share, for a total transaction of $149,089.20. Following the completion of the transaction, the director now owns 5,030 shares in the company, valued at $149,089.20. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Erin N. Kane sold 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $30.37, for a total transaction of $151,850.00. Following the transaction, the chief executive officer now directly owns 517,795 shares of the company's stock, valued at $15,725,434.15. This represents a 0.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,369 shares of company stock worth $474,058 in the last ninety days. Corporate insiders own 5.60% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of ASIX. FMR LLC increased its stake in AdvanSix by 86.2% in the 3rd quarter. FMR LLC now owns 565,982 shares of the company's stock worth $17,195,000 after acquiring an additional 261,964 shares during the last quarter. Wellington Management Group LLP increased its position in AdvanSix by 48.6% during 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 period. First Eagle Investment Management LLC lifted its stake in shares of 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 purchasing an additional 151,470 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in shares of AdvanSix by 45.2% during the second quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company's stock valued at $5,955,000 after purchasing an additional 80,915 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in AdvanSix by 83.8% in the 2nd quarter. Millennium Management LLC now owns 139,277 shares of the company's stock worth $3,192,000 after purchasing an additional 63,489 shares in the last quarter. 86.39% of the stock is owned by institutional investors.
AdvanSix Company Profile
(
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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