American Century Companies Inc. Raises Position in AdvanSix Inc. (NYSE:ASIX)

American Century Companies Inc. lifted its stake in shares of AdvanSix Inc. (NYSE:ASIX) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 593,834 shares of the company’s stock after acquiring an additional 30,500 shares during the quarter. American Century Companies Inc. owned 2.21% of AdvanSix worth $13,611,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its stake in AdvanSix by 39.8% during the 4th quarter. Wellington Management Group LLP now owns 183,499 shares of the company’s stock worth $5,498,000 after purchasing an additional 52,199 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of AdvanSix by 227.0% during the first quarter. Russell Investments Group Ltd. now owns 150,663 shares of the company’s stock worth $4,309,000 after buying an additional 104,587 shares in the last quarter. Boston Partners purchased a new stake in shares of AdvanSix during the first quarter worth approximately $702,000. Quest Partners LLC acquired a new stake in AdvanSix in the fourth quarter valued at approximately $344,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in AdvanSix by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 437,393 shares of the company’s stock worth $13,104,000 after acquiring an additional 24,543 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AdvanSix

In other news, CEO Erin N. Kane sold 1,558 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $27.89, for a total transaction of $43,452.62. Following the transaction, the chief executive officer now directly owns 536,237 shares in the company, valued at $14,955,649.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 2,258 shares of company stock valued at $61,247 in the last three months. 5.60% of the stock is currently owned by company insiders.

AdvanSix Stock Performance

Shares of ASIX opened at $28.34 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.39 and a debt-to-equity ratio of 0.31. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $31.47. The stock has a 50 day moving average price of $27.93 and a 200 day moving average price of $26.00. The company has a market capitalization of $760.05 million, a price-to-earnings ratio of 944.67 and a beta of 1.69.

AdvanSix (NYSE:ASIX) last posted its earnings results on Friday, August 2nd. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.35. AdvanSix had a net margin of 0.57% and a return on equity of 1.03%. The firm had revenue of $453.48 million for the quarter, compared to the consensus estimate of $426.80 million. During the same period last year, the firm posted $1.18 EPS. Research analysts predict that AdvanSix Inc. will post 1.67 EPS for the current fiscal year.

AdvanSix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Tuesday, August 13th. AdvanSix’s payout ratio is currently 2,133.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

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.