AdvanSix (NYSE:ASIX) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of AdvanSix (NYSE:ASIX) from a hold rating to a buy rating in a research note published on Wednesday.

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

ASIX stock opened at $32.16 on Wednesday. AdvanSix has a 52-week low of $20.86 and a 52-week high of $33.00. The firm has a market capitalization of $859.67 million, a price-to-earnings ratio of 22.81 and a beta of 1.73. The firm has a 50 day moving average price of $30.47 and a 200-day moving average price of $27.46. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a yield of 1.99%. AdvanSix’s payout ratio is presently 45.39%.

Insiders Place Their Bets

In other AdvanSix news, Director Donald P. Newman purchased 5,030 shares of the business’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $29.64 per share, for a total transaction of $149,089.20. Following the purchase, the director now owns 5,030 shares of the company’s stock, valued at approximately $149,089.20. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher Gramm sold 2,435 shares of the 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. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,369 shares of company stock worth $474,058. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in shares of AdvanSix by 319.2% during the 3rd quarter. Barclays PLC now owns 42,952 shares of the company’s stock valued at $1,305,000 after purchasing an additional 32,706 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of AdvanSix by 1.5% during the 3rd 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 during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of AdvanSix by 29.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock valued at $184,000 after purchasing an additional 1,396 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of AdvanSix by 162.8% during the 3rd quarter. Jane Street Group LLC now owns 51,513 shares of the company’s stock valued at $1,565,000 after purchasing an additional 31,915 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of AdvanSix by 48.6% during the 3rd quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock valued at $14,269,000 after purchasing an additional 153,686 shares during the last quarter. Institutional investors own 86.39% of the company’s stock.

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.