Public Sector Pension Investment Board Grows Stock Holdings in AdvanSix Inc. (NYSE:ASIX)

Public Sector Pension Investment Board increased its stake in shares of AdvanSix Inc. (NYSE:ASIX) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,967 shares of the company’s stock after buying an additional 3,031 shares during the quarter. Public Sector Pension Investment Board owned about 0.22% of AdvanSix worth $1,352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ASIX. Wellington Management Group LLP grew its holdings in shares of AdvanSix by 39.8% during the fourth quarter. Wellington Management Group LLP now owns 183,499 shares of the company’s stock worth $5,498,000 after buying an additional 52,199 shares during the last quarter. Quadrature Capital Ltd grew its holdings in shares of AdvanSix by 37.1% during the fourth quarter. Quadrature Capital Ltd now owns 8,989 shares of the company’s stock worth $269,000 after buying an additional 2,434 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in AdvanSix by 89.8% in the 1st quarter. BNP Paribas Financial Markets now owns 13,203 shares of the company’s stock valued at $378,000 after purchasing an additional 6,245 shares in the last quarter. Empowered Funds LLC boosted its holdings in AdvanSix by 8.1% in the 1st quarter. Empowered Funds LLC now owns 132,554 shares of the company’s stock valued at $3,791,000 after purchasing an additional 9,975 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new stake in AdvanSix in the 1st quarter valued at approximately $200,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.

AdvanSix Price Performance

Shares of ASIX opened at $30.22 on Wednesday. AdvanSix Inc. has a twelve month low of $20.86 and a twelve month high of $31.47. The stock’s 50 day moving average is $28.40 and its two-hundred day moving average is $26.12. The firm has a market capitalization of $810.47 million, a PE ratio of 1,007.33 and a beta of 1.69. The company has a current ratio of 1.39, a quick ratio of 0.74 and a debt-to-equity ratio of 0.31.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings results on Friday, August 2nd. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.35. AdvanSix had a net margin of 0.57% and a return on equity of 1.03%. The company had revenue of $453.48 million during the quarter, compared to the consensus estimate of $426.80 million. During the same period last year, the firm earned $1.18 EPS. Research analysts anticipate that AdvanSix Inc. will post 1.67 earnings per share for the current year.

AdvanSix Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.12%. AdvanSix’s payout ratio is 2,133.33%.

Insider Activity

In other news, CEO Erin N. Kane sold 1,558 shares of AdvanSix stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $27.89, for a total transaction of $43,452.62. Following the completion of the sale, the chief executive officer now directly owns 536,237 shares in the company, valued at approximately $14,955,649.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

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.