Brandywine Global Investment Management LLC Has $2.77 Million Holdings in AdvanSix $ASIX

Brandywine Global Investment Management LLC increased its holdings in AdvanSix (NYSE:ASIX) by 19.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,740 shares of the company’s stock after purchasing an additional 19,370 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.43% of AdvanSix worth $2,773,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ASIX. Empowered Funds LLC grew its position in shares of AdvanSix by 1.5% in the 2nd quarter. Empowered Funds LLC now owns 163,733 shares of the company’s stock valued at $3,889,000 after buying an additional 2,394 shares during the last quarter. LSV Asset Management grew its holdings in AdvanSix by 4.7% during the 2nd quarter. LSV Asset Management now owns 629,706 shares of the company’s stock worth $14,956,000 after acquiring an additional 28,459 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of AdvanSix by 8.7% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 134,012 shares of the company’s stock worth $3,183,000 after acquiring an additional 10,700 shares in the last quarter. Creative Planning lifted its stake in shares of AdvanSix by 13.2% in the 2nd quarter. Creative Planning now owns 11,961 shares of the company’s stock valued at $284,000 after purchasing an additional 1,399 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of AdvanSix by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 632,512 shares of the company’s stock valued at $15,023,000 after purchasing an additional 11,880 shares in the last quarter. 86.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on ASIX. Weiss Ratings reissued a “sell (d+)” rating on shares of AdvanSix in a research note on Monday, November 17th. Wall Street Zen lowered AdvanSix from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.50.

AdvanSix Price Performance

Shares of NYSE ASIX opened at $14.65 on Tuesday. The stock has a market cap of $393.61 million, a price-to-earnings ratio of 7.63 and a beta of 1.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 1.36. AdvanSix has a fifty-two week low of $14.10 and a fifty-two week high of $33.00. The firm’s 50-day simple moving average is $18.64 and its 200 day simple moving average is $21.03.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.32). AdvanSix had a return on equity of 7.14% and a net margin of 3.52%.The company had revenue of $374.47 million during the quarter, compared to analysts’ expectations of $365.00 million. As a group, research analysts anticipate that AdvanSix will post 4 earnings per share for the current fiscal year.

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, November 18th. This represents a $0.64 annualized dividend and a dividend yield of 4.4%. AdvanSix’s dividend payout ratio (DPR) is presently 33.33%.

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.