New York State Teachers Retirement System Sells 1,873 Shares of AdvanSix Inc. (NYSE:ASIX)

New York State Teachers Retirement System lowered its position in AdvanSix Inc. (NYSE:ASIX) by 3.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 56,006 shares of the company’s stock after selling 1,873 shares during the quarter. New York State Teachers Retirement System’s holdings in AdvanSix were worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ASIX. Credit Suisse AG boosted its position in AdvanSix by 1.2% in the third quarter. Credit Suisse AG now owns 23,362 shares of the company’s stock worth $750,000 after purchasing an additional 284 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of AdvanSix by 0.5% in the fourth quarter. Legal & General Group Plc now owns 66,874 shares of the company’s stock worth $2,543,000 after buying an additional 312 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of AdvanSix by 1.6% in the first quarter. Royal Bank of Canada now owns 21,850 shares of the company’s stock worth $1,116,000 after buying an additional 350 shares during the last quarter. First Trust Advisors LP grew its position in AdvanSix by 1.3% during the first quarter. First Trust Advisors LP now owns 28,073 shares of the company’s stock valued at $1,074,000 after buying an additional 367 shares during the period. Finally, SG Americas Securities LLC increased its holdings in AdvanSix by 2.0% during the fourth quarter. SG Americas Securities LLC now owns 19,900 shares of the company’s stock valued at $596,000 after buying an additional 388 shares during the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reiterated a “buy” rating and set a $40.00 price target on shares of AdvanSix in a research note on Tuesday, April 9th.

Insider Activity at AdvanSix

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $28.30, for a total value of $141,500.00. Following the completion of the sale, the chief executive officer now owns 557,755 shares in the company, valued at approximately $15,784,466.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $27.69, for a total transaction of $110,760.00. Following the completion of the sale, the senior vice president now directly owns 38,996 shares of the company’s stock, valued at approximately $1,079,799.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $28.30, for a total transaction of $141,500.00. Following the sale, the chief executive officer now owns 557,755 shares in the company, valued at approximately $15,784,466.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,387 shares of company stock worth $486,481. 5.20% of the stock is owned by corporate insiders.

AdvanSix Stock Down 0.2 %

NYSE ASIX opened at $26.98 on Wednesday. AdvanSix Inc. has a 52 week low of $23.92 and a 52 week high of $40.85. The company has a quick ratio of 0.58, a current ratio of 1.17 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $720.37 million, a P/E ratio of 14.20 and a beta of 1.73. The stock’s 50-day moving average price is $27.19 and its 200-day moving average price is $27.39.

AdvanSix (NYSE:ASIX) last released its earnings results on Friday, February 16th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. The company had revenue of $382.21 million for the quarter, compared to analysts’ expectations of $335.80 million. On average, equities research analysts predict that AdvanSix Inc. will post 1.03 earnings per share for the current year.

AdvanSix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.64 annualized dividend and a dividend yield of 2.37%. AdvanSix’s payout ratio is 33.68%.

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.