7,800 Shares in AdvanSix Inc. (NYSE:ASIX) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. bought a new position in AdvanSix Inc. (NYSE:ASIX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,800 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ASIX. First Eagle Investment Management LLC lifted its holdings in shares of AdvanSix by 33.0% in the second quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock worth $14,006,000 after acquiring an additional 151,470 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of AdvanSix by 227.0% in the first quarter. Russell Investments Group Ltd. now owns 150,663 shares of the company’s stock worth $4,309,000 after acquiring an additional 104,587 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of AdvanSix by 45.2% in the second quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company’s stock worth $5,955,000 after acquiring an additional 80,915 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of AdvanSix by 83.8% in the second quarter. Millennium Management LLC now owns 139,277 shares of the company’s stock worth $3,192,000 after acquiring an additional 63,489 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of AdvanSix by 39.8% in the fourth quarter. Wellington Management Group LLP now owns 183,499 shares of the company’s stock worth $5,498,000 after acquiring an additional 52,199 shares during the last quarter. Institutional investors own 86.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at AdvanSix

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $30.28, for a total transaction 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 approximately $15,830,232.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the chief executive officer now owns 536,237 shares of the company’s stock, valued at $14,955,649.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total transaction of $151,400.00. Following the sale, the chief executive officer now directly owns 522,795 shares of the company’s stock, valued at approximately $15,830,232.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,528 shares of company stock valued at $223,800. 5.60% of the stock is currently owned by company insiders.

AdvanSix Stock Performance

AdvanSix stock opened at $29.26 on Wednesday. The business has a 50 day moving average of $29.37 and a 200-day moving average of $26.49. AdvanSix Inc. has a 1 year low of $20.86 and a 1 year high of $32.04. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.39 and a quick ratio of 0.74. The company has a market capitalization of $784.72 million, a P/E ratio of 975.33 and a beta of 1.68.

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

AdvanSix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Tuesday, August 13th. AdvanSix’s dividend payout ratio is presently 2,133.33%.

AdvanSix 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.