Wealthfront Advisers LLC Acquires New Holdings in AdvanSix Inc. (NYSE:ASIX)

Wealthfront Advisers LLC purchased a new position in shares of AdvanSix Inc. (NYSE:ASIX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 46,942 shares of the company's stock, valued at approximately $1,337,000. Wealthfront Advisers LLC owned about 0.18% of AdvanSix as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ASIX. AlphaQuest LLC acquired a new position in shares of AdvanSix during the 4th quarter worth $94,000. Quantbot Technologies LP grew its stake in AdvanSix by 618.5% in the 3rd quarter. Quantbot Technologies LP now owns 4,361 shares of the company's stock valued at $132,000 after buying an additional 3,754 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in 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 buying an additional 1,396 shares during the last quarter. Quadrature Capital Ltd acquired a new position in AdvanSix in the 3rd quarter valued at $204,000. Finally, Foundations Investment Advisors LLC acquired a new position in AdvanSix in the 4th quarter valued at $223,000. Institutional investors and hedge funds own 86.39% of the company's stock.

Insider Buying and Selling at AdvanSix

In other news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 502,795 shares in the company, valued at $15,179,381.05. The trade was a 0.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.60% of the company's stock.

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AdvanSix Price Performance

Shares of NYSE:ASIX traded up $0.11 during midday trading on Wednesday, reaching $23.58. 161,577 shares of the company's stock were exchanged, compared to its average volume of 129,583. AdvanSix Inc. has a 12 month low of $20.86 and a 12 month high of $33.00. The firm has a market capitalization of $630.52 million, a PE ratio of 14.64 and a beta of 1.73. The company's 50 day simple moving average is $28.82 and its two-hundred day simple moving average is $29.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08.

AdvanSix (NYSE:ASIX - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $329.06 million during the quarter, compared to analysts' expectations of $377.15 million. AdvanSix had a net margin of 2.91% and a return on equity of 6.26%. Equities research analysts expect that AdvanSix Inc. will post 4 earnings per share for the current fiscal year.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.71%. The ex-dividend date is Monday, March 10th. AdvanSix's payout ratio is presently 39.75%.

Analyst Ratings Changes

ASIX has been the topic of a number of research analyst reports. 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. UBS Group set a $35.00 target price on shares of AdvanSix in a research note on Tuesday. Finally, StockNews.com upgraded shares of AdvanSix from a "hold" rating to a "buy" rating in a research report on Wednesday, December 4th.

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.