Teacher Retirement System of Texas Acquires Shares of 38,301 AdvanSix Inc. (NYSE:ASIX)

Teacher Retirement System of Texas purchased a new stake in AdvanSix Inc. (NYSE:ASIX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 38,301 shares of the company's stock, valued at approximately $1,091,000. Teacher Retirement System of Texas owned approximately 0.14% of AdvanSix as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Inspire Investing LLC lifted its stake in AdvanSix by 2.5% in the 4th quarter. Inspire Investing LLC now owns 15,628 shares of the company's stock worth $445,000 after purchasing an additional 387 shares in the last quarter. Sheets Smith Wealth Management raised its position in shares of AdvanSix by 3.7% in the fourth quarter. Sheets Smith Wealth Management now owns 15,772 shares of the company's stock worth $449,000 after buying an additional 569 shares in the last quarter. Nilsine Partners LLC boosted its stake in AdvanSix by 3.1% during the fourth quarter. Nilsine Partners LLC now owns 21,288 shares of the company's stock valued at $606,000 after buying an additional 650 shares during the period. Rhumbline Advisers boosted its stake in AdvanSix by 1.4% during the fourth quarter. Rhumbline Advisers now owns 84,984 shares of the company's stock valued at $2,421,000 after buying an additional 1,198 shares during the period. Finally, Meritage Portfolio Management grew its position in AdvanSix by 12.5% during the fourth quarter. Meritage Portfolio Management now owns 11,730 shares of the company's stock worth $334,000 after buying an additional 1,301 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $30.19, for a total transaction of $150,950.00. Following the completion of the transaction, the chief executive officer now owns 502,795 shares of the company's stock, valued at approximately $15,179,381.05. This trade represents a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total transaction of $88,960.00. Following the completion of the sale, the senior vice president now directly owns 36,363 shares in the company, valued at $808,713.12. This represents a 9.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,000 shares of company stock worth $380,660. Company insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

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

AdvanSix Trading Up 0.4 %

Shares of ASIX traded up $0.09 during mid-day trading on Wednesday, hitting $22.52. 174,245 shares of the company's stock traded hands, compared to its average volume of 137,153. 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 capitalization of $602.27 million, a P/E ratio of 13.99 and a beta of 1.73. The business's 50-day moving average price is $27.30 and its 200-day moving average price is $29.01. AdvanSix Inc. has a 1 year low of $20.86 and a 1 year high of $33.00.

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

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 2.84%. AdvanSix's dividend payout ratio (DPR) 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.