AdvanSix Inc. (NYSE:ASIX) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its holdings in AdvanSix Inc. (NYSE:ASIXGet Rating) by 13.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,485 shares of the company’s stock after purchasing an additional 6,681 shares during the period. Raymond James & Associates owned approximately 0.21% of AdvanSix worth $1,845,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of AdvanSix by 3.5% in the first quarter. Vanguard Group Inc. now owns 2,104,717 shares of the company’s stock worth $107,530,000 after acquiring an additional 70,388 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in AdvanSix by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,374,840 shares of the company’s stock worth $70,241,000 after purchasing an additional 28,993 shares in the last quarter. State Street Corp increased its holdings in AdvanSix by 2.2% during the 2nd quarter. State Street Corp now owns 976,269 shares of the company’s stock worth $32,646,000 after purchasing an additional 20,914 shares during the period. Victory Capital Management Inc. raised its position in AdvanSix by 6.6% in the 2nd quarter. Victory Capital Management Inc. now owns 635,433 shares of the company’s stock valued at $21,248,000 after purchasing an additional 39,156 shares in the last quarter. Finally, Wasatch Advisors Inc. purchased a new position in shares of AdvanSix in the 1st quarter valued at about $31,153,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on ASIX. Piper Sandler set a $52.00 target price on shares of AdvanSix in a research note on Wednesday, November 23rd. upgraded shares of AdvanSix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 16th.

Insider Buying and Selling at AdvanSix

In other news, insider Christopher Gramm sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $40.30, for a total value of $40,300.00. Following the completion of the sale, the insider now directly owns 32,954 shares of the company’s stock, valued at approximately $1,328,046.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is currently owned by insiders.

AdvanSix Trading Up 1.0 %

ASIX opened at $42.83 on Tuesday. The business’s 50-day simple moving average is $40.07 and its 200-day simple moving average is $37.30. The company has a market cap of $1.18 billion, a P/E ratio of 7.75 and a beta of 1.79. AdvanSix Inc. has a one year low of $30.69 and a one year high of $57.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.68 and a current ratio of 1.14.

AdvanSix (NYSE:ASIXGet Rating) last released its quarterly earnings data on Friday, November 4th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.15. The company had revenue of $478.77 million for the quarter, compared to analysts’ expectations of $463.47 million. AdvanSix had a net margin of 8.23% and a return on equity of 24.18%. As a group, equities research analysts expect that AdvanSix Inc. will post 6.39 EPS for the current fiscal year.

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 29th. Shareholders of record on Tuesday, November 15th were paid a $0.145 dividend. The ex-dividend date of this dividend was Monday, November 14th. This represents a $0.58 annualized dividend and a yield of 1.35%. AdvanSix’s dividend payout ratio is presently 10.49%.

AdvanSix Company Profile

(Get Rating)

AdvanSix Inc manufactures and sells 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, alpha-methyl styrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.

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Institutional Ownership by Quarter for AdvanSix (NYSE:ASIX)

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