AdvanSix (NYSE:ASIX) Cut to Hold at StockNews.com

StockNews.com cut shares of AdvanSix (NYSE:ASIX) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Separately, Piper Sandler boosted their target price on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, November 8th.

AdvanSix Price Performance

Shares of ASIX opened at $30.30 on Monday. The firm has a market cap of $809.92 million, a PE ratio of 21.49 and a beta of 1.69. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $29.51 and a two-hundred day simple moving average of $26.77. AdvanSix has a 1-year low of $20.86 and a 1-year high of $32.04.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.11%. AdvanSix’s dividend payout ratio (DPR) is 45.39%.

Insider Transactions at AdvanSix

In other news, CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $30.37, for a total value of $151,850.00. Following the completion of the sale, the chief executive officer now directly owns 517,795 shares in the company, valued at $15,725,434.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $30.37, for a total value of $151,850.00. Following the completion of the sale, the chief executive officer now directly owns 517,795 shares in the company, valued at $15,725,434.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Christopher Gramm sold 2,435 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total value of $77,920.00. Following the completion of the sale, the insider now owns 43,463 shares of the company’s stock, valued at $1,390,816. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,418 shares of company stock worth $411,626 in the last three months. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On AdvanSix

A number of institutional investors have recently bought and sold shares of ASIX. Point72 DIFC Ltd purchased a new stake in AdvanSix in the 2nd quarter worth $34,000. Acadian Asset Management LLC purchased a new stake in AdvanSix in the 2nd quarter worth $36,000. Copeland Capital Management LLC purchased a new stake in AdvanSix in the 3rd quarter worth $41,000. Allspring Global Investments Holdings LLC purchased a new stake in AdvanSix in the 2nd quarter worth $51,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in AdvanSix in the 2nd quarter worth $51,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.

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.