Segall Bryant & Hamill LLC Purchases 37,940 Shares of AdvanSix Inc. (NYSE:ASIX)

Segall Bryant & Hamill LLC lifted its holdings in AdvanSix Inc. (NYSE:ASIX - Free Report) by 299.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,601 shares of the company's stock after purchasing an additional 37,940 shares during the period. Segall Bryant & Hamill LLC owned about 0.19% of AdvanSix worth $1,442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prudential Financial Inc. raised its holdings in AdvanSix by 90.2% in the 4th quarter. Prudential Financial Inc. now owns 402,250 shares of the company's stock worth $11,460,000 after purchasing an additional 190,727 shares during the period. Vanguard Group Inc. increased its position in AdvanSix by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 1,951,100 shares of the company's stock worth $55,587,000 after buying an additional 27,981 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of AdvanSix in the fourth quarter worth about $137,000. Sei Investments Co. lifted its position in shares of AdvanSix by 61.8% during the 4th quarter. Sei Investments Co. now owns 15,938 shares of the company's stock valued at $454,000 after buying an additional 6,087 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of AdvanSix by 15.8% during the 4th quarter. American Century Companies Inc. now owns 740,028 shares of the company's stock valued at $21,083,000 after buying an additional 100,841 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company's stock.

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Insider Buying and Selling at AdvanSix

In related news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $30.19, for a total value of $150,950.00. Following the completion of the transaction, the chief executive officer now owns 502,795 shares in the company, valued at approximately $15,179,381.05. This trade represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total value 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. The trade was 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 worth $380,660 in the last quarter. 5.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

AdvanSix Price Performance

NYSE ASIX traded down $0.19 during trading hours on Wednesday, reaching $22.24. The company's stock had a trading volume of 19,234 shares, compared to its average volume of 144,120. AdvanSix Inc. has a 1 year low of $20.86 and a 1 year high of $33.00. 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 company has a market capitalization of $594.79 million, a price-to-earnings ratio of 13.81 and a beta of 1.73. 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 posted its earnings results 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. AdvanSix had a net margin of 2.91% and a return on equity of 6.26%. The company had revenue of $329.06 million during the quarter, compared to analysts' expectations of $377.15 million. On average, equities research analysts predict that AdvanSix Inc. will post 4 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid 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 payout ratio is presently 39.75%.

AdvanSix Company 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.