First Eagle Investment Management LLC Decreases Holdings in AdvanSix Inc. (NYSE:ASIX)

First Eagle Investment Management LLC decreased its stake in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 27.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 464,661 shares of the company's stock after selling 173,716 shares during the quarter. First Eagle Investment Management LLC owned about 1.74% of AdvanSix worth $13,238,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. AlphaQuest LLC acquired a new position in AdvanSix during the 4th quarter valued at approximately $94,000. Quantbot Technologies LP increased its stake in AdvanSix by 618.5% during 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 in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of AdvanSix by 29.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company's stock valued at $184,000 after acquiring an additional 1,396 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of AdvanSix in the 3rd quarter valued at $204,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of AdvanSix in the 4th quarter valued at $223,000. Institutional investors and hedge funds own 86.39% of the company's stock.

AdvanSix Stock Performance

NYSE ASIX traded up $0.11 during mid-day trading on Wednesday, reaching $23.58. 161,577 shares of the stock were exchanged, compared to its average volume of 129,583. The business's 50 day moving average is $28.82 and its 200-day moving average is $29.38. AdvanSix Inc. has a 1 year low of $20.86 and a 1 year high of $33.00. The company has a market capitalization of $630.52 million, a P/E ratio of 14.64 and a beta of 1.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08.

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

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Monday, March 10th. AdvanSix's dividend payout ratio (DPR) is presently 39.75%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ASIX. Piper Sandler dropped their price objective on shares of AdvanSix from $39.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday. StockNews.com raised shares of AdvanSix from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th. Finally, UBS Group set a $35.00 price objective on shares of AdvanSix in a report on Tuesday.

Insider Buying and Selling

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the 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 directly owns 502,795 shares of the company's stock, valued at $15,179,381.05. This trade represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.60% of the stock is currently owned by insiders.

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.