AdvanSix Inc. (NYSE:ASIX) Stake Raised by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of AdvanSix Inc. (NYSE:ASIX) by 61.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,938 shares of the company’s stock after buying an additional 6,087 shares during the period. Sei Investments Co. owned approximately 0.06% of AdvanSix worth $454,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaQuest LLC acquired a new position in AdvanSix during the 4th quarter worth $94,000. Public Employees Retirement System of Ohio grew its position in AdvanSix by 29.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock valued at $184,000 after buying an additional 1,396 shares in the last quarter. Quadrature Capital Ltd acquired a new position in AdvanSix during the 3rd quarter valued at about $204,000. Foundations Investment Advisors LLC acquired a new stake in shares of AdvanSix in the 4th quarter worth approximately $223,000. Finally, Essential Planning LLC. bought a new position in AdvanSix during the 4th quarter valued at $275,000. 86.39% of the stock is owned by institutional investors.

AdvanSix Price Performance

NYSE ASIX opened at $21.12 on Thursday. The stock has a market capitalization of $564.83 million, a P/E ratio of 13.12 and a beta of 1.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08. The business’s fifty day moving average is $25.66 and its two-hundred day moving average is $28.59. AdvanSix Inc. has a 1 year low of $18.44 and a 1 year high of $33.00.

AdvanSix (NYSE:ASIX) last announced its earnings results on Friday, February 21st. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.37) by $0.40. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. The business had revenue of $329.06 million during the quarter, compared to the consensus estimate of $377.15 million. On average, research analysts forecast that AdvanSix Inc. will post 4 earnings per share for the current fiscal year.

AdvanSix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, March 10th. AdvanSix’s payout ratio is 39.75%.

Wall Street Analyst Weigh In

ASIX has been the subject of several research analyst reports. StockNews.com lowered AdvanSix from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Piper Sandler cut shares of AdvanSix from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $26.00 in a research report on Monday. Finally, UBS Group set a $35.00 price objective on shares of AdvanSix in a research report on Tuesday, March 18th.

Insider Transactions at AdvanSix

In other news, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $30.19, for a total value of $150,950.00. Following the completion of the sale, the chief executive officer now owns 502,795 shares of the company’s stock, valued at $15,179,381.05. This trade represents a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of AdvanSix stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $22.24, for a total value of $88,960.00. Following the transaction, the senior vice president now owns 36,363 shares in the company, valued at $808,713.12. This represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

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.