AdvanSix $ASIX Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in AdvanSix (NYSE:ASIX) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,981,063 shares of the company’s stock after acquiring an additional 29,963 shares during the quarter. Vanguard Group Inc. owned approximately 7.39% of AdvanSix worth $44,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ASIX. GAMMA Investing LLC increased its stake in shares of AdvanSix by 149.5% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $45,000 after purchasing an additional 1,178 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in AdvanSix by 35.0% in the 1st quarter. Teacher Retirement System of Texas now owns 51,692 shares of the company’s stock valued at $1,171,000 after purchasing an additional 13,391 shares during the period. New York State Teachers Retirement System lifted its stake in shares of AdvanSix by 6.0% in the first quarter. New York State Teachers Retirement System now owns 50,496 shares of the company’s stock valued at $1,144,000 after buying an additional 2,837 shares during the period. Foundations Investment Advisors LLC grew its holdings in shares of AdvanSix by 221.5% during the 1st quarter. Foundations Investment Advisors LLC now owns 25,133 shares of the company’s stock worth $569,000 after purchasing an additional 17,316 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in AdvanSix during the first quarter worth $221,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

AdvanSix Stock Performance

Shares of ASIX opened at $20.67 on Tuesday. The firm has a market cap of $554.78 million, a P/E ratio of 7.28 and a beta of 1.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.66 and a current ratio of 1.35. AdvanSix has a twelve month low of $17.97 and a twelve month high of $33.00. The firm’s 50 day moving average price is $21.87 and its two-hundred day moving average price is $23.18.

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, August 12th. AdvanSix’s dividend payout ratio is currently 22.54%.

Analysts Set New Price Targets

ASIX has been the topic of several analyst reports. Piper Sandler set a $32.00 price objective on AdvanSix in a research note on Monday, May 19th. Wall Street Zen downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $33.50.

AdvanSix 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.