Barclays PLC Boosts Position in AdvanSix Inc. (NYSE:ASIX)

Barclays PLC grew its position in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 319.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 42,952 shares of the company's stock after acquiring an additional 32,706 shares during the period. Barclays PLC owned about 0.16% of AdvanSix worth $1,305,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Copeland Capital Management LLC purchased a new stake in AdvanSix in the third quarter worth $41,000. Point72 DIFC Ltd bought a new stake in shares of AdvanSix during the 2nd quarter valued at $34,000. Acadian Asset Management LLC purchased a new stake in shares of AdvanSix in the 2nd quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AdvanSix in the 2nd quarter worth about $51,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of AdvanSix in the 2nd quarter worth about $51,000. Institutional investors own 86.39% of the company's stock.

Analyst Upgrades and Downgrades

ASIX has been the topic of a number of recent research reports. Piper Sandler upped their price objective 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 research report on Wednesday, December 4th.

AdvanSix Stock Down 1.3 %

AdvanSix stock traded down $0.36 during mid-day trading on Friday, reaching $28.16. The stock had a trading volume of 77,850 shares, compared to its average volume of 140,729. AdvanSix Inc. has a one year low of $20.86 and a one year high of $33.00. The company has a 50-day moving average price of $30.18 and a two-hundred day moving average price of $28.24. The company has a market capitalization of $752.74 million, a price-to-earnings ratio of 19.97 and a beta of 1.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62.

AdvanSix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.27%. AdvanSix's dividend payout ratio is presently 45.39%.

Insider Activity

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $30.37, for a total value of $151,850.00. Following the completion of the transaction, the chief executive officer now owns 517,795 shares of the company's stock, valued at approximately $15,725,434.15. The trade was a 0.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Gramm sold 1,951 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $32.00, for a total transaction of $62,432.00. Following the transaction, the insider now owns 43,463 shares in the company, valued at $1,390,816. This represents a 4.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,369 shares of company stock worth $474,058 over the last 90 days. 5.60% of the stock is currently owned by insiders.

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.