Deutsche Bank AG Sells 1,682 Shares of AdvanSix $ASIX

Deutsche Bank AG decreased its position in shares of AdvanSix (NYSE:ASIX) by 7.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,911 shares of the company’s stock after selling 1,682 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of AdvanSix worth $474,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ASIX. GAMMA Investing LLC lifted its holdings in 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 buying an additional 1,178 shares in the last quarter. State of Wyoming acquired a new position in AdvanSix during the 4th quarter worth $156,000. BOKF NA acquired a new position in AdvanSix during the 4th quarter worth $217,000. ProShare Advisors LLC acquired a new position in AdvanSix during the 4th quarter worth $220,000. Finally, XTX Topco Ltd acquired a new position in AdvanSix during the 1st quarter worth $221,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

AdvanSix Stock Performance

ASIX stock opened at $20.85 on Thursday. The business’s fifty day moving average is $21.75 and its 200-day moving average is $23.14. 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 has a market cap of $559.69 million, a P/E ratio of 7.34 and a beta of 1.60. AdvanSix has a twelve month low of $17.97 and a twelve month high of $33.00.

AdvanSix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were given a $0.16 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.1%. AdvanSix’s dividend payout ratio is currently 22.54%.

Wall Street Analyst Weigh In

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