JPMorgan Chase & Co. Purchases 13,316 Shares of AdvanSix Inc. (NYSE:ASIX)

JPMorgan Chase & Co. grew its holdings in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 14.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 104,584 shares of the company's stock after buying an additional 13,316 shares during the period. JPMorgan Chase & Co. owned approximately 0.39% of AdvanSix worth $3,177,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ASIX. Geode Capital Management LLC increased its position in AdvanSix by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 598,485 shares of the company's stock valued at $18,186,000 after buying an additional 8,903 shares in the last quarter. American Century Companies Inc. grew its stake in AdvanSix by 5.4% in the second quarter. American Century Companies Inc. now owns 593,834 shares of the company's stock valued at $13,611,000 after acquiring an additional 30,500 shares during the period. FMR LLC increased its holdings in shares of AdvanSix by 86.2% during the third quarter. FMR LLC now owns 565,982 shares of the company's stock valued at $17,195,000 after acquiring an additional 261,964 shares in the last quarter. Wellington Management Group LLP raised its position in shares of AdvanSix by 48.6% during the third quarter. Wellington Management Group LLP now owns 469,685 shares of the company's stock worth $14,269,000 after purchasing an additional 153,686 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of AdvanSix by 45.2% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company's stock worth $5,955,000 after purchasing an additional 80,915 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company's stock.

AdvanSix Stock Up 2.2 %

Shares of ASIX stock traded up $0.68 during trading hours on Monday, reaching $31.54. The company had a trading volume of 110,431 shares, compared to its average volume of 117,695. The business has a fifty day simple moving average of $29.91 and a 200-day simple moving average of $28.85. AdvanSix Inc. has a 12 month low of $20.86 and a 12 month high of $33.00. The company has a market cap of $843.12 million, a price-to-earnings ratio of 22.37 and a beta of 1.76. 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 2.03%. AdvanSix's payout ratio is 45.39%.

Wall Street Analyst Weigh In

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

Insider Transactions at AdvanSix

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $28.15, for a total value of $140,750.00. Following the transaction, the chief executive officer now owns 507,795 shares of the company's stock, valued at approximately $14,294,429.25. The trade was a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Gramm sold 2,435 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $32.00, for a total value of $77,920.00. Following the sale, the insider now directly owns 43,463 shares of the company's stock, valued at approximately $1,390,816. This represents a 5.31 % 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 worth $444,205 in the last quarter. 5.60% of the stock is currently owned by corporate 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.