American Century Companies Inc. Boosts Holdings in AdvanSix Inc. (NYSE:ASIX)

American Century Companies Inc. lifted its holdings in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 740,028 shares of the company's stock after purchasing an additional 100,841 shares during the period. American Century Companies Inc. owned 2.77% of AdvanSix worth $21,083,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in shares of AdvanSix by 48.6% during the 3rd quarter. Wellington Management Group LLP now owns 469,685 shares of the company's stock worth $14,269,000 after buying an additional 153,686 shares in the last quarter. Oliver Luxxe Assets LLC acquired a new position in shares of AdvanSix during the 4th quarter valued at $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 acquiring an additional 32,706 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in AdvanSix by 14.6% in the third quarter. JPMorgan Chase & Co. now owns 104,584 shares of the company's stock worth $3,177,000 after purchasing an additional 13,316 shares during the period. Finally, Jane Street Group LLC increased its stake in AdvanSix by 162.8% in the third quarter. Jane Street Group LLC now owns 51,513 shares of the company's stock valued at $1,565,000 after purchasing an additional 31,915 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company's stock.

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Insider Buying and Selling at AdvanSix

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ASIX. UBS Group set a $35.00 price objective 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 note on Monday, March 24th. Finally, Piper Sandler lowered their target price on AdvanSix from $39.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th.

AdvanSix Stock Down 7.9 %

Shares of NYSE:ASIX traded down $1.79 during midday trading on Thursday, hitting $20.75. 238,688 shares of the company's stock were exchanged, compared to its average volume of 137,674. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.49. AdvanSix Inc. has a 12 month low of $20.73 and a 12 month high of $33.00. The company has a market cap of $554.91 million, a PE ratio of 12.89 and a beta of 1.64. The stock has a 50 day moving average price of $27.08 and a 200-day moving average price of $28.95.

AdvanSix (NYSE:ASIX - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.37) by $0.40. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. The firm had revenue of $329.06 million during the quarter, compared to analyst estimates of $377.15 million. On average, sell-side analysts anticipate that AdvanSix Inc. will post 4 EPS for the current fiscal year.

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Monday, March 10th. AdvanSix's payout ratio is currently 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.