Strs Ohio Has $425,000 Holdings in AdvanSix Inc. (NYSE:ASIX)

Strs Ohio cut its stake in shares of AdvanSix Inc. (NYSE:ASIX) by 29.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,200 shares of the company’s stock after selling 5,900 shares during the period. Strs Ohio’s holdings in AdvanSix were worth $425,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ASIX. Victory Capital Management Inc. lifted its position in AdvanSix by 26.7% during the third quarter. Victory Capital Management Inc. now owns 2,177,830 shares of the company’s stock worth $67,687,000 after acquiring an additional 458,622 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of AdvanSix in the third quarter valued at approximately $4,081,000. First Eagle Investment Management LLC raised its position in shares of AdvanSix by 57.0% in the third quarter. First Eagle Investment Management LLC now owns 276,007 shares of the company’s stock valued at $8,578,000 after buying an additional 100,236 shares in the last quarter. Richard Bernstein Advisors LLC acquired a new stake in shares of AdvanSix in the third quarter valued at approximately $2,370,000. Finally, Foundry Partners LLC raised its position in shares of AdvanSix by 45.3% in the third quarter. Foundry Partners LLC now owns 135,634 shares of the company’s stock valued at $4,216,000 after buying an additional 42,286 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity at AdvanSix

In related news, 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 value of $141,500.00. Following the transaction, the chief executive officer now directly owns 557,755 shares of the company’s stock, valued at $15,784,466.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AdvanSix news, CEO Erin N. Kane sold 3,002 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $28.08, for a total transaction of $84,296.16. Following the sale, the chief executive officer now owns 552,755 shares of the company’s stock, valued at $15,521,360.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 557,755 shares in the company, valued at approximately $15,784,466.50. The disclosure for this sale can be found here. Insiders have sold 17,387 shares of company stock valued at $486,481 over the last three months. 5.20% of the stock is owned by insiders.

AdvanSix Stock Performance

Shares of NYSE:ASIX opened at $26.01 on Monday. The company’s 50 day simple moving average is $27.24 and its 200 day simple moving average is $27.21. The stock has a market capitalization of $694.47 million, a price-to-earnings ratio of 13.69 and a beta of 1.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.17 and a quick ratio of 0.58. AdvanSix Inc. has a 1 year low of $23.92 and a 1 year high of $40.85.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings data on Friday, February 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The business had revenue of $382.21 million for the quarter, compared to analysts’ expectations of $335.80 million. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. As a group, research analysts predict that AdvanSix Inc. will post 1.04 EPS for the current fiscal year.

AdvanSix Announces Dividend

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

AdvanSix Company 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.