Swiss National Bank Buys 1,000 Shares of AdvanSix Inc. (NYSE:ASIX)

Swiss National Bank increased its stake in AdvanSix Inc. (NYSE:ASIX – Get Rating) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,600 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank owned approximately 0.25% of AdvanSix worth $2,570,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ASIX. Raymond James & Associates bought a new position in shares of AdvanSix in the first quarter worth approximately $2,682,000. Bank of New York Mellon Corp increased its position in shares of AdvanSix by 28.5% in the first quarter. Bank of New York Mellon Corp now owns 455,488 shares of the company’s stock worth $23,270,000 after purchasing an additional 101,119 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of AdvanSix in the first quarter worth approximately $221,000. Citigroup Inc. increased its position in shares of AdvanSix by 3.6% in the first quarter. Citigroup Inc. now owns 27,585 shares of the company’s stock worth $1,409,000 after purchasing an additional 967 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of AdvanSix by 16.0% in the first quarter. Bank of Montreal Can now owns 8,967 shares of the company’s stock worth $461,000 after purchasing an additional 1,236 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

AdvanSix Stock Down 0.3 %

Shares of ASIX opened at $35.66 on Thursday. The firm has a market cap of $982.97 million, a P/E ratio of 7.16 and a beta of 1.84. The stock has a 50 day simple moving average of $36.85 and a two-hundred day simple moving average of $39.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 0.54. AdvanSix Inc. has a 1 year low of $30.69 and a 1 year high of $47.77.

AdvanSix (NYSE:ASIX – Get Rating) last released its quarterly earnings data on Friday, May 5th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.29. The firm had revenue of $400.54 million during the quarter, compared to analyst estimates of $411.23 million. AdvanSix had a return on equity of 19.88% and a net margin of 7.70%. On average, analysts forecast that AdvanSix Inc. will post 3.97 earnings per share for the current fiscal year.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Tuesday, May 16th will be paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Monday, May 15th. AdvanSix’s dividend payout ratio (DPR) is presently 11.65%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ASIX. StockNews.com began coverage on AdvanSix in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Piper Sandler cut their target price on AdvanSix from $54.00 to $50.00 in a research note on Tuesday, May 16th.

Insider Activity

In related news, insider Christopher Gramm sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $39.74, for a total transaction of $39,740.00. Following the completion of the transaction, the insider now owns 36,744 shares in the company, valued at $1,460,206.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 3,000 shares of company stock valued at $109,830. 3.90% of the stock is currently owned by company insiders.

AdvanSix Profile

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Advansix, Inc engages in the development and production of nylon resin products and other additives. The firm’s products include nylon resin, caprolactam, ammonium sulfate fertilizer and chemical intermediates. It offers products to carpet, engineering plastic, food packaging, building and construction, composites, plant nutrition, paints and coating markets.