Congress Wealth Management LLC DE Has $390,000 Stock Holdings in AdvanSix Inc. (NYSE:ASIX)

Congress Wealth Management LLC DE cut its holdings in AdvanSix Inc. (NYSE:ASIX - Free Report) by 69.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,673 shares of the company's stock after selling 30,982 shares during the quarter. Congress Wealth Management LLC DE owned about 0.05% of AdvanSix worth $390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in shares of AdvanSix in the 4th quarter worth $94,000. Quantbot Technologies LP boosted its position in shares of AdvanSix by 618.5% in the 3rd quarter. Quantbot Technologies LP now owns 4,361 shares of the company's stock valued at $132,000 after purchasing an additional 3,754 shares during the period. KLP Kapitalforvaltning AS purchased a new position in AdvanSix in the 4th quarter worth about $137,000. Public Employees Retirement System of Ohio raised its holdings in AdvanSix by 29.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company's stock worth $184,000 after buying an additional 1,396 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in AdvanSix during the 3rd quarter worth about $204,000. 86.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on ASIX. StockNews.com cut shares of AdvanSix from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Piper Sandler lowered their price objective on shares of AdvanSix from $39.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Finally, UBS Group set a $35.00 target price on shares of AdvanSix in a research note on Tuesday, March 18th.

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Insiders Place Their Bets

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

AdvanSix Stock Down 7.9 %

Shares of ASIX traded down $1.79 during trading hours on Thursday, reaching $20.75. The company's stock had a trading volume of 238,688 shares, compared to its average volume of 137,674. The company has a 50 day moving average of $27.08 and a two-hundred day moving average of $28.95. The company has a quick ratio of 0.49, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The firm has a market cap of $554.91 million, a price-to-earnings ratio of 12.89 and a beta of 1.64. AdvanSix Inc. has a 1-year low of $20.73 and a 1-year high of $33.00.

AdvanSix (NYSE:ASIX - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.40. The firm had revenue of $329.06 million for the quarter, compared to analyst estimates of $377.15 million. AdvanSix had a net margin of 2.91% and a return on equity of 6.26%. As a group, research analysts predict that AdvanSix Inc. will post 4 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 3.08%. AdvanSix's payout ratio is 39.75%.

AdvanSix 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.