US Bancorp DE Has $550,000 Stake in AdvanSix Inc. (NYSE:ASIX)

US Bancorp DE lessened its stake in AdvanSix Inc. (NYSE:ASIX) by 11.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,099 shares of the company’s stock after selling 2,427 shares during the quarter. US Bancorp DE owned about 0.07% of AdvanSix worth $550,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ASIX. BNP Paribas Financial Markets lifted its holdings in AdvanSix by 89.8% during the first quarter. BNP Paribas Financial Markets now owns 13,203 shares of the company’s stock worth $378,000 after acquiring an additional 6,245 shares in the last quarter. Inspire Advisors LLC bought a new stake in AdvanSix during the 1st quarter worth approximately $200,000. Russell Investments Group Ltd. raised its holdings in AdvanSix by 227.0% during the 1st quarter. Russell Investments Group Ltd. now owns 150,663 shares of the company’s stock worth $4,309,000 after buying an additional 104,587 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in AdvanSix by 48.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,192 shares of the company’s stock valued at $320,000 after buying an additional 3,630 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of AdvanSix by 12.8% in the first quarter. First Eagle Investment Management LLC now owns 459,607 shares of the company’s stock valued at $13,145,000 after buying an additional 52,200 shares during the period. 86.39% of the stock is currently owned by institutional investors and hedge funds.

AdvanSix Stock Down 0.3 %

AdvanSix stock opened at $31.02 on Monday. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. AdvanSix Inc. has a 1-year low of $20.86 and a 1-year high of $32.04. The company has a fifty day simple moving average of $29.38 and a 200 day simple moving average of $26.69. The company has a market cap of $829.20 million, a P/E ratio of 22.00 and a beta of 1.69.

AdvanSix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.64 annualized dividend and a yield of 2.06%. AdvanSix’s payout ratio is presently 45.39%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASIX. StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research report on Monday, August 5th. Piper Sandler boosted their price target on AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Friday.

Insider Activity at AdvanSix

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total transaction of $151,400.00. Following the transaction, the chief executive officer now owns 522,795 shares of the company’s stock, valued at $15,830,232.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other AdvanSix news, insider Christopher Gramm sold 2,435 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total transaction of $77,920.00. Following the transaction, the insider now owns 43,463 shares of the company’s stock, valued at $1,390,816. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $30.28, for a total value of $151,400.00. Following the completion of the sale, the chief executive officer now directly owns 522,795 shares of the company’s stock, valued at approximately $15,830,232.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,418 shares of company stock valued at $411,626. Insiders own 5.60% of the company’s stock.

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.