Prudential Financial Inc. Has $11.46 Million Stake in AdvanSix Inc. (NYSE:ASIX)

Prudential Financial Inc. raised its holdings in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) by 90.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 402,250 shares of the company's stock after purchasing an additional 190,727 shares during the period. Prudential Financial Inc. owned 1.50% of AdvanSix worth $11,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ASIX. Vanguard Group Inc. increased its holdings in AdvanSix by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 1,951,100 shares of the company's stock valued at $55,587,000 after purchasing an additional 27,981 shares during the last quarter. American Century Companies Inc. raised its position in shares of AdvanSix by 15.8% in the 4th quarter. American Century Companies Inc. now owns 740,028 shares of the company's stock valued at $21,083,000 after acquiring an additional 100,841 shares during the period. Geode Capital Management LLC boosted its stake in AdvanSix by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 598,485 shares of the company's stock worth $18,186,000 after acquiring an additional 8,903 shares during the last quarter. FMR LLC boosted its stake in AdvanSix by 86.2% during the 3rd quarter. FMR LLC now owns 565,982 shares of the company's stock worth $17,195,000 after acquiring an additional 261,964 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in AdvanSix by 48.6% in the third quarter. Wellington Management Group LLP now owns 469,685 shares of the company's stock valued at $14,269,000 after purchasing an additional 153,686 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company's stock.

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Wall Street Analyst Weigh In

ASIX has been the subject of a number of recent analyst reports. StockNews.com cut shares of AdvanSix from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. UBS Group set a $35.00 price target on AdvanSix in a report on Tuesday, March 18th. Finally, Piper Sandler cut their price objective on AdvanSix from $39.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th.

AdvanSix Stock Down 0.8 %

ASIX traded down $0.19 during trading on Wednesday, hitting $22.24. The company had a trading volume of 19,234 shares, compared to its average volume of 144,120. The company has a market capitalization of $594.79 million, a PE ratio of 13.81 and a beta of 1.73. The company has a quick ratio of 0.49, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. AdvanSix Inc. has a one year low of $20.86 and a one year high of $33.00. The firm's 50-day moving average price is $27.47 and its 200 day moving average price is $29.05.

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

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Monday, March 10th. AdvanSix's dividend payout ratio (DPR) is currently 39.75%.

Insider Transactions at AdvanSix

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 507,795 shares in the company, valued at $14,294,429.25. This trade represents 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 available through this link. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total transaction of $88,960.00. Following the sale, the senior vice president now directly owns 36,363 shares in the company, valued at $808,713.12. This trade represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock valued at $380,660 in the last ninety days. 5.60% of the stock is currently owned by corporate 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.