American Century Companies Inc. Buys 83,678 Shares of AdvanSix $ASIX

American Century Companies Inc. increased its stake in shares of AdvanSix (NYSE:ASIX) by 11.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 823,706 shares of the company’s stock after purchasing an additional 83,678 shares during the quarter. American Century Companies Inc. owned about 3.07% of AdvanSix worth $18,657,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASIX. GAMMA Investing LLC boosted its position in shares of AdvanSix by 149.5% during the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $45,000 after purchasing an additional 1,178 shares in the last quarter. State of Wyoming bought a new position in shares of AdvanSix during the fourth quarter worth $156,000. BOKF NA bought a new position in shares of AdvanSix during the fourth quarter worth $217,000. ProShare Advisors LLC bought a new position in shares of AdvanSix during the fourth quarter worth $220,000. Finally, XTX Topco Ltd bought a new position in shares of AdvanSix during the first quarter worth $221,000. 86.39% of the stock is owned by institutional investors.

AdvanSix Trading Up 5.8%

Shares of NYSE:ASIX opened at $20.8690 on Monday. AdvanSix has a 12 month low of $17.97 and a 12 month high of $33.00. The company has a quick ratio of 0.66, a current ratio of 1.35 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $21.95 and its 200 day simple moving average is $23.24. The firm has a market cap of $560.12 million, a price-to-earnings ratio of 7.35 and a beta of 1.60.

AdvanSix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, August 12th. AdvanSix’s payout ratio is presently 22.54%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wall Street Zen lowered shares of AdvanSix from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Piper Sandler set a $32.00 price objective on shares of AdvanSix in a report on Monday, May 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $33.50.

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.