AdvanSix Inc. (NYSE:ASIX) Stock Holdings Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in shares of AdvanSix Inc. (NYSE:ASIX) by 97.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,600 shares of the company’s stock after selling 167,947 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in AdvanSix were worth $138,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ASIX. SG Americas Securities LLC boosted its stake in AdvanSix by 223.6% during the third quarter. SG Americas Securities LLC now owns 19,512 shares of the company’s stock valued at $606,000 after buying an additional 13,482 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of AdvanSix by 193.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 31,054 shares of the company’s stock valued at $965,000 after purchasing an additional 20,467 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AdvanSix by 32.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,062 shares of the company’s stock worth $219,000 after purchasing an additional 1,732 shares during the last quarter. Strs Ohio grew its stake in shares of AdvanSix by 2.6% in the 3rd quarter. Strs Ohio now owns 20,100 shares of the company’s stock worth $624,000 after purchasing an additional 500 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of AdvanSix by 10.9% in the 3rd quarter. Inspire Investing LLC now owns 11,222 shares of the company’s stock worth $349,000 after purchasing an additional 1,103 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

AdvanSix Trading Up 0.4 %

NYSE:ASIX opened at $26.01 on Monday. The stock has a fifty day simple moving average of $27.24 and a 200 day simple moving average of $27.21. The firm has a market capitalization of $694.47 million, a price-to-earnings ratio of 13.69 and a beta of 1.73. AdvanSix Inc. has a 1-year low of $23.92 and a 1-year 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.

AdvanSix (NYSE:ASIX) last announced its earnings results on Friday, February 16th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $335.80 million. Sell-side analysts forecast that AdvanSix Inc. will post 1.04 earnings per share for the current year.

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Friday, March 1st. AdvanSix’s payout ratio is 33.68%.

Insider Buying and Selling at AdvanSix

In other news, SVP Achilles B. Kintiroglou sold 4,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $27.80, for a total value of $111,200.00. Following the completion of the sale, the senior vice president now owns 42,996 shares of the company’s stock, valued at $1,195,288.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Achilles B. Kintiroglou sold 4,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $27.80, for a total value of $111,200.00. Following the transaction, the senior vice president now owns 42,996 shares in the company, valued at approximately $1,195,288.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Erin N. Kane sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $28.30, for a total transaction of $141,500.00. Following the completion of the sale, the chief executive officer now directly owns 557,755 shares of the company’s stock, valued at $15,784,466.50. The disclosure for this sale can be found here. Insiders have sold a total of 17,387 shares of company stock valued at $486,481 in the last three months. 5.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.