Goldman Sachs Group Inc. Decreases Stock Holdings in AdvanSix $ASIX

Goldman Sachs Group Inc. trimmed its stake in shares of AdvanSix (NYSE:ASIX) by 21.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,149 shares of the company’s stock after selling 40,058 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.55% of AdvanSix worth $3,356,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ASIX. GAMMA Investing LLC boosted its position in shares of AdvanSix by 149.5% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock valued at $45,000 after purchasing an additional 1,178 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of AdvanSix by 22.3% in the 1st quarter. AlphaQuest LLC now owns 4,014 shares of the company’s stock worth $91,000 after purchasing an additional 731 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of AdvanSix by 33.2% during the first quarter. Quantbot Technologies LP now owns 4,096 shares of the company’s stock worth $93,000 after purchasing an additional 1,022 shares in the last quarter. State of Wyoming acquired a new position in AdvanSix in the fourth quarter valued at approximately $156,000. Finally, ProShare Advisors LLC bought a new stake in AdvanSix in the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $33.50.

AdvanSix Stock Performance

NYSE ASIX opened at $21.10 on Friday. The company has a market capitalization of $566.41 million, a PE ratio of 7.43 and a beta of 1.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.66 and a current ratio of 1.35. The company has a 50-day simple moving average of $20.74 and a 200 day simple moving average of $22.25. AdvanSix has a 52-week low of $17.97 and a 52-week high of $33.00.

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, August 12th. AdvanSix’s payout ratio is presently 22.54%.

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.