Geode Capital Management LLC Buys 3,818 Shares of AdvanSix Inc. (NYSE:ASIX)

Geode Capital Management LLC raised its position in AdvanSix Inc. (NYSE:ASIX) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 602,303 shares of the company’s stock after buying an additional 3,818 shares during the period. Geode Capital Management LLC owned 2.25% of AdvanSix worth $17,164,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. AlphaQuest LLC acquired a new stake in AdvanSix in the fourth quarter worth about $94,000. KLP Kapitalforvaltning AS bought a new stake in shares of AdvanSix during the fourth quarter worth $137,000. Public Employees Retirement System of Ohio lifted its holdings in shares of AdvanSix by 29.9% in the third quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock valued at $184,000 after purchasing an additional 1,396 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in AdvanSix during the 4th quarter worth approximately $223,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in AdvanSix during the 4th quarter worth about $237,000. Institutional investors own 86.39% of the company’s stock.

AdvanSix Price Performance

AdvanSix stock opened at $19.97 on Friday. The stock’s fifty day moving average price is $24.27 and its two-hundred day moving average price is $28.11. The firm has a market cap of $533.94 million, a PE ratio of 12.40 and a beta of 1.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.49. AdvanSix Inc. has a one year low of $18.44 and a one year high of $33.00.

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

AdvanSix Dividend Announcement

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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 3.21%. AdvanSix’s payout ratio is presently 39.75%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com downgraded AdvanSix from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. UBS Group set a $35.00 price objective on shares of AdvanSix in a research report on Tuesday, March 18th. Finally, Piper Sandler downgraded shares of AdvanSix from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $35.00 to $26.00 in a report on Monday, April 7th.

Insider Activity at AdvanSix

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

About AdvanSix

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.