AdvanSix (NYSE:ASIX) Shares Down 0.5% – What’s Next?

AdvanSix Inc. (NYSE:ASIX)’s stock price was down 0.5% during mid-day trading on Thursday . The stock traded as low as $31.21 and last traded at $31.25. 6,263 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 140,007 shares. The stock had previously closed at $31.41.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Piper Sandler boosted their price target on AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th.

AdvanSix Stock Down 0.7 %

The firm has a market cap of $827.03 million, a P/E ratio of 21.94 and a beta of 1.73. The firm’s fifty day moving average is $30.56 and its 200 day moving average is $27.82. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34.

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Tuesday, November 12th. AdvanSix’s dividend payout ratio is presently 45.39%.

Insider Activity

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $30.28, for a total value of $151,400.00. Following the completion of the sale, the chief executive officer now owns 522,795 shares of the company’s stock, valued at $15,830,232.60. The trade was a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher Gramm sold 2,435 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total transaction of $77,920.00. Following the transaction, the insider now owns 43,463 shares in the company, valued at approximately $1,390,816. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,369 shares of company stock valued at $474,058. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On AdvanSix

Institutional investors have recently made changes to their positions in the stock. Barclays PLC raised its holdings in AdvanSix by 319.2% in the 3rd quarter. Barclays PLC now owns 42,952 shares of the company’s stock valued at $1,305,000 after acquiring an additional 32,706 shares in the last quarter. Geode Capital Management LLC raised its stake in AdvanSix by 1.5% in the third quarter. Geode Capital Management LLC now owns 598,485 shares of the company’s stock valued at $18,186,000 after purchasing an additional 8,903 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in AdvanSix by 29.9% during the third quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock worth $184,000 after purchasing an additional 1,396 shares during the period. Jane Street Group LLC grew its stake in AdvanSix by 162.8% during the third quarter. Jane Street Group LLC now owns 51,513 shares of the company’s stock worth $1,565,000 after buying an additional 31,915 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in AdvanSix by 48.6% in the 3rd quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock valued at $14,269,000 after buying an additional 153,686 shares during the period. 86.39% of the stock is currently owned by institutional investors.

About AdvanSix

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.