American Century Companies Inc. Buys 81,927 Shares of AdvanSix $ASIX

American Century Companies Inc. lifted its position in AdvanSix (NYSE:ASIX) by 9.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 967,571 shares of the company’s stock after purchasing an additional 81,927 shares during the period. American Century Companies Inc. owned 3.60% of AdvanSix worth $18,752,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in AdvanSix by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,990,011 shares of the company’s stock valued at $38,566,000 after purchasing an additional 10,642 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of AdvanSix by 1.9% in the second quarter. Geode Capital Management LLC now owns 632,512 shares of the company’s stock worth $15,023,000 after buying an additional 11,880 shares during the last quarter. LSV Asset Management raised its holdings in shares of AdvanSix by 4.7% in the second quarter. LSV Asset Management now owns 629,706 shares of the company’s stock worth $14,956,000 after buying an additional 28,459 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of AdvanSix by 165.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 413,813 shares of the company’s stock worth $9,828,000 after buying an additional 257,789 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in shares of AdvanSix by 0.9% during the second quarter. Bridgeway Capital Management LLC now owns 264,433 shares of the company’s stock worth $6,280,000 after buying an additional 2,394 shares during the period. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of AdvanSix in a report on Monday, December 29th. Truist Financial upped their price objective on shares of AdvanSix from $19.00 to $20.00 and gave the company a “hold” rating in a report on Monday, February 23rd. Finally, Wall Street Zen lowered shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.00.

AdvanSix Stock Performance

ASIX opened at $18.63 on Wednesday. The firm’s fifty day simple moving average is $17.89 and its two-hundred day simple moving average is $18.20. AdvanSix has a 52-week low of $14.10 and a 52-week high of $25.53. The company has a market cap of $500.51 million, a price-to-earnings ratio of 10.29 and a beta of 1.66. The company has a quick ratio of 0.52, a current ratio of 1.13 and a debt-to-equity ratio of 0.26.

AdvanSix (NYSE:ASIX) last released its earnings results on Friday, February 20th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $359.95 million during the quarter, compared to analysts’ expectations of $340.85 million. AdvanSix had a net margin of 3.24% and a return on equity of 6.97%. Equities analysts anticipate that AdvanSix will post 4 earnings per share for the current fiscal year.

AdvanSix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be issued a $0.16 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.64 dividend on an annualized basis and a yield of 3.4%. AdvanSix’s dividend payout ratio is presently 35.36%.

AdvanSix Profile

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.