AdvanSix $ASIX Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in AdvanSix (NYSE:ASIX) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,800 shares of the company’s stock after selling 800 shares during the quarter. Swiss National Bank owned approximately 0.19% of AdvanSix worth $1,173,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ASIX. GAMMA Investing LLC lifted its holdings in AdvanSix by 149.5% in the first quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock valued at $45,000 after acquiring an additional 1,178 shares during the period. State of Wyoming acquired a new position in AdvanSix in the fourth quarter valued at approximately $156,000. BOKF NA acquired a new position in AdvanSix in the fourth quarter valued at approximately $217,000. ProShare Advisors LLC acquired a new position in AdvanSix in the fourth quarter valued at approximately $220,000. Finally, XTX Topco Ltd acquired a new position in AdvanSix in the first quarter valued at approximately $221,000. 86.39% of the stock is owned by institutional investors and hedge funds.

AdvanSix Stock Down 1.1%

Shares of ASIX opened at $20.67 on Tuesday. 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 one year low of $17.97 and a one year high of $33.00. The stock has a market capitalization of $554.78 million, a price-to-earnings ratio of 7.28 and a beta of 1.60. The stock has a 50 day moving average price of $21.87 and a 200 day moving average price of $23.18.

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors 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 is Tuesday, August 12th. AdvanSix’s payout ratio is presently 22.54%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ASIX. Wall Street Zen downgraded AdvanSix from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Piper Sandler set a $32.00 target price on AdvanSix in a research note on Monday, May 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, AdvanSix currently has an average rating of “Buy” and a consensus 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.