AdvanSix Inc. (NYSE:ASIX) Stock Position Boosted by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of AdvanSix Inc. (NYSE:ASIX) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 740,028 shares of the company’s stock after buying an additional 100,841 shares during the quarter. American Century Companies Inc.’s holdings in AdvanSix were worth $21,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ASIX. Geode Capital Management LLC lifted its position in AdvanSix by 1.5% in the third quarter. Geode Capital Management LLC now owns 598,485 shares of the company’s stock worth $18,186,000 after purchasing an additional 8,903 shares during the period. FMR LLC lifted its holdings in shares of AdvanSix by 86.2% in the third quarter. FMR LLC now owns 565,982 shares of the company’s stock valued at $17,195,000 after buying an additional 261,964 shares during the period. Wellington Management Group LLP grew its holdings in AdvanSix by 48.6% during the third quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock worth $14,269,000 after acquiring an additional 153,686 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in AdvanSix by 1.3% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 240,731 shares of the company’s stock valued at $6,858,000 after acquiring an additional 3,149 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of AdvanSix by 5.1% during the 4th quarter. Empowered Funds LLC now owns 158,122 shares of the company’s stock valued at $4,505,000 after purchasing an additional 7,670 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ASIX. UBS Group set a $35.00 target price on shares of AdvanSix in a report on Tuesday, March 18th. Piper Sandler cut their target price on AdvanSix from $39.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Finally, StockNews.com lowered AdvanSix from a “buy” rating to a “hold” rating in a research report on Monday, March 24th.

Insider Buying and Selling at AdvanSix

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $30.19, for a total value of $150,950.00. Following the transaction, the chief executive officer now directly owns 502,795 shares of the company’s stock, valued at $15,179,381.05. This represents a 0.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.60% of the company’s stock.

AdvanSix Trading Down 2.1 %

AdvanSix stock opened at $22.57 on Monday. The company has a 50 day moving average price of $27.84 and a 200 day moving average price of $29.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08. AdvanSix Inc. has a 52 week low of $20.86 and a 52 week high of $33.00. The firm has a market capitalization of $603.61 million, a price-to-earnings ratio of 14.02 and a beta of 1.73.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.40. The business had revenue of $329.06 million for the quarter, compared to the consensus estimate of $377.15 million. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. Research analysts forecast that AdvanSix Inc. will post 4 EPS for the current year.

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Monday, March 10th. AdvanSix’s dividend payout ratio is currently 39.75%.

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.