AdvanSix Inc. (NYSE:ASIX) Shares Bought by Barclays PLC

Barclays PLC raised its position in AdvanSix Inc. (NYSE:ASIX - Free Report) by 319.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,952 shares of the company's stock after purchasing an additional 32,706 shares during the quarter. Barclays PLC owned 0.16% of AdvanSix worth $1,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in AdvanSix in the second quarter worth approximately $34,000. Acadian Asset Management LLC purchased a new stake in shares of AdvanSix during the second quarter valued at approximately $36,000. Copeland Capital Management LLC bought a new stake in shares of AdvanSix during the 3rd quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in AdvanSix in the second quarter worth about $51,000. Finally, Point72 Asset Management L.P. purchased a new position in AdvanSix in the second quarter valued at approximately $55,000. Institutional investors and hedge funds own 86.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ASIX shares. Piper Sandler increased their target price on shares of AdvanSix from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. StockNews.com upgraded shares of AdvanSix from a "hold" rating to a "buy" rating in a research report on Wednesday, December 4th.

Insider Transactions at AdvanSix

In other news, CEO Erin N. Kane sold 5,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $30.37, for a total value of $151,850.00. Following the completion of the sale, the chief executive officer now owns 517,795 shares of the company's stock, valued at approximately $15,725,434.15. This represents a 0.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Gramm sold 1,951 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $32.00, for a total value of $62,432.00. Following the sale, the insider now owns 43,463 shares of the company's stock, valued at $1,390,816. This trade represents a 4.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,749 shares of company stock valued at $444,205 over the last three months. Corporate insiders own 5.60% of the company's stock.

AdvanSix Stock Down 2.6 %

NYSE:ASIX opened at $26.51 on Monday. The firm has a market cap of $708.64 million, a P/E ratio of 18.80 and a beta of 1.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34. The firm has a 50-day simple moving average of $29.93 and a two-hundred day simple moving average of $28.57. AdvanSix Inc. has a fifty-two week low of $20.86 and a fifty-two week high of $33.00.

AdvanSix Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.41%. AdvanSix's dividend payout ratio (DPR) is presently 45.39%.

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.