Donald Smith & CO. Inc. Has $3.86 Million Position in AdvanSix Inc. (NYSE:ASIX)

Donald Smith & CO. Inc. raised its stake in AdvanSix Inc. (NYSE:ASIX) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,600 shares of the company’s stock after buying an additional 6,768 shares during the period. Donald Smith & CO. Inc. owned 0.63% of AdvanSix worth $3,864,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ASIX. Russell Investments Group Ltd. grew its position in AdvanSix by 227.0% during the 1st 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. First Eagle Investment Management LLC grew its holdings in shares of AdvanSix by 12.8% during the first quarter. First Eagle Investment Management LLC now owns 459,607 shares of the company’s stock worth $13,145,000 after purchasing an additional 52,200 shares during the last quarter. Wellington Management Group LLP increased its stake 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 valued at $5,498,000 after buying an additional 52,199 shares during the period. 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 buying an additional 30,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in AdvanSix by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 437,393 shares of the company’s stock worth $13,104,000 after buying an additional 24,543 shares during the period. Institutional investors own 86.39% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other news, CEO Erin N. Kane sold 1,558 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $27.89, for a total value of $43,452.62. Following the completion of the sale, the chief executive officer now owns 536,237 shares in the company, valued at $14,955,649.93. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 2,258 shares of company stock worth $61,247 in the last quarter. 5.60% of the stock is owned by corporate insiders.

AdvanSix Price Performance

AdvanSix stock opened at $27.44 on Monday. The stock’s 50 day moving average is $27.30 and its 200 day moving average is $25.95. AdvanSix Inc. has a one year low of $20.86 and a one year high of $31.97. The firm has a market cap of $732.92 million, a P/E ratio of 914.97 and a beta of 1.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.39 and a quick ratio of 0.74.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings results on Friday, August 2nd. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.35. AdvanSix had a net margin of 0.57% and a return on equity of 1.03%. The firm had revenue of $453.48 million for the quarter, compared to the consensus estimate of $426.80 million. During the same quarter in the previous year, the company earned $1.18 EPS. As a group, research analysts expect that AdvanSix Inc. will post 1.67 EPS for the current year.

AdvanSix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.33%. AdvanSix’s payout ratio is currently 2,134.04%.

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.