AdvanSix Inc. (NYSE:ASIX) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its stake in shares of AdvanSix Inc. (NYSE:ASIX) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,967 shares of the company’s stock after purchasing an additional 3,031 shares during the period. Public Sector Pension Investment Board’s holdings in AdvanSix were worth $1,352,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Inspire Investing LLC raised its holdings in AdvanSix by 21.0% in the 2nd quarter. Inspire Investing LLC now owns 17,114 shares of the company’s stock valued at $392,000 after acquiring an additional 2,968 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in AdvanSix by 33.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock valued at $14,006,000 after acquiring an additional 151,470 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in AdvanSix by 4.2% in the 2nd quarter. Donald Smith & CO. Inc. now owns 168,600 shares of the company’s stock valued at $3,864,000 after acquiring an additional 6,768 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in AdvanSix by 3.7% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 286,464 shares of the company’s stock valued at $6,566,000 after acquiring an additional 10,232 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in AdvanSix by 5.4% in the 2nd quarter. American Century Companies Inc. now owns 593,834 shares of the company’s stock valued at $13,611,000 after acquiring an additional 30,500 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

AdvanSix Stock Down 0.5 %

Shares of NYSE ASIX opened at $30.22 on Wednesday. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $31.47. The firm has a fifty day moving average of $28.40 and a 200-day moving average of $26.12. The stock has a market capitalization of $810.47 million, a PE ratio of 1,007.33 and a beta of 1.69. 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 (NYSE:ASIX) last announced its quarterly earnings data on Friday, August 2nd. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.35. AdvanSix had a net margin of 0.57% and a return on equity of 1.03%. The company had revenue of $453.48 million during the quarter, compared to analysts’ expectations of $426.80 million. During the same period in the previous year, the company earned $1.18 EPS. On average, analysts anticipate that AdvanSix Inc. will post 1.67 EPS for the current year.

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.12%. AdvanSix’s dividend payout ratio is presently 2,133.33%.

Insider Activity

In related news, CEO Erin N. Kane sold 1,558 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 536,237 shares of the company’s stock, valued at approximately $14,955,649.93. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a 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.