Allianz Asset Management GmbH Buys New Holdings in AdvanSix $ASIX

Allianz Asset Management GmbH bought a new stake in shares of AdvanSix (NYSE:ASIX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,214 shares of the company’s stock, valued at approximately $266,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in 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 during the period. Farther Finance Advisors LLC raised its stake in AdvanSix by 1,195.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company’s stock valued at $74,000 after purchasing an additional 2,882 shares during the period. AlphaQuest LLC raised its stake in AdvanSix by 22.3% during the 1st quarter. AlphaQuest LLC now owns 4,014 shares of the company’s stock valued at $91,000 after purchasing an additional 731 shares during the period. Quantbot Technologies LP raised its stake in AdvanSix by 33.2% during the 1st quarter. Quantbot Technologies LP now owns 4,096 shares of the company’s stock valued at $93,000 after purchasing an additional 1,022 shares during the period. Finally, CWM LLC raised its stake in AdvanSix by 1,695.3% during the 2nd quarter. CWM LLC now owns 7,594 shares of the company’s stock valued at $180,000 after purchasing an additional 7,171 shares during the period. Institutional investors own 86.39% of the company’s stock.

Analyst Ratings Changes

ASIX has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of AdvanSix in a research note on Wednesday, October 8th. Wall Street Zen downgraded AdvanSix from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.50.

AdvanSix Stock Performance

NYSE:ASIX opened at $19.72 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.35 and a quick ratio of 0.66. AdvanSix has a 1 year low of $17.97 and a 1 year high of $33.00. The stock’s 50 day simple moving average is $20.30 and its two-hundred day simple moving average is $21.65. The company has a market cap of $529.15 million, a price-to-earnings ratio of 6.94 and a beta of 1.64.

AdvanSix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $0.64 annualized dividend and a dividend yield of 3.2%. AdvanSix’s payout ratio is currently 22.54%.

AdvanSix Company 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.