Wellington Management Group LLP Boosts Holdings in AdvanSix Inc. (NYSE:ASIX)

Wellington Management Group LLP lifted its position in AdvanSix Inc. (NYSE:ASIX - Free Report) by 43.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 673,885 shares of the company's stock after acquiring an additional 204,200 shares during the period. Wellington Management Group LLP owned 2.52% of AdvanSix worth $19,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in AdvanSix during the 4th quarter valued at approximately $94,000. KLP Kapitalforvaltning AS purchased a new position in shares of AdvanSix during the fourth quarter worth $137,000. Public Employees Retirement System of Ohio lifted its position in AdvanSix by 29.9% during the third quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company's stock valued at $184,000 after purchasing an additional 1,396 shares during the period. Quadrature Capital Ltd purchased a new stake in AdvanSix in the third quarter valued at $204,000. Finally, Foundations Investment Advisors LLC acquired a new stake in AdvanSix during the 4th quarter worth about $223,000. Hedge funds and other institutional investors own 86.39% of the company's stock.

AdvanSix Price Performance

Shares of AdvanSix stock traded up $0.34 during trading hours on Friday, reaching $20.47. The stock had a trading volume of 186,150 shares, compared to its average volume of 141,407. The stock's 50 day moving average is $25.24 and its 200 day moving average is $28.47. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. AdvanSix Inc. has a twelve month low of $18.44 and a twelve month high of $33.00. The firm has a market capitalization of $547.40 million, a PE ratio of 12.71 and a beta of 1.64.

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

AdvanSix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.13%. AdvanSix's dividend payout ratio (DPR) is 39.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler cut AdvanSix from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $35.00 to $26.00 in a report on Monday, April 7th. StockNews.com downgraded AdvanSix from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, UBS Group set a $35.00 price objective on shares of AdvanSix in a research note on Tuesday, March 18th.

Insider Activity at AdvanSix

In related news, SVP Achilles B. Kintiroglou sold 4,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were 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 owns 36,363 shares of the company's stock, valued at approximately $808,713.12. This represents a 9.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Erin N. Kane sold 5,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $15,179,381.05. The trade was a 0.98 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is 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.