AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou Sells 4,000 Shares of Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 4,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $22.24, for a total value of $88,960.00. Following the transaction, the senior vice president now directly owns 36,363 shares of the company’s stock, valued at $808,713.12. The trade was a 9.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AdvanSix Stock Performance

Shares of AdvanSix stock opened at $22.42 on Wednesday. The business’s 50 day moving average price is $27.47 and its 200 day moving average price is $29.05. The company has a market cap of $599.55 million, a price-to-earnings ratio of 13.92 and a beta of 1.73. 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 one year low of $20.86 and a one year high of $33.00.

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

AdvanSix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a dividend yield of 2.85%. AdvanSix’s dividend payout ratio (DPR) is 39.75%.

Wall Street Analyst Weigh In

Several analysts recently commented on ASIX shares. Piper Sandler dropped their price target on AdvanSix from $39.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. StockNews.com cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, UBS Group set a $35.00 price target on shares of AdvanSix in a research report on Tuesday, March 18th.

Institutional Trading of AdvanSix

A number of hedge funds and other institutional investors have recently made changes to their positions in ASIX. AlphaQuest LLC purchased a new position in AdvanSix in the fourth quarter worth approximately $94,000. Quantbot Technologies LP grew its holdings in shares of AdvanSix by 618.5% during the 3rd quarter. Quantbot Technologies LP now owns 4,361 shares of the company’s stock worth $132,000 after purchasing an additional 3,754 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of AdvanSix during the 4th quarter worth about $137,000. State of Wyoming purchased a new stake in AdvanSix in the 4th quarter valued at about $156,000. Finally, Public Employees Retirement System of Ohio lifted its position in AdvanSix by 29.9% in the third quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock valued at $184,000 after buying an additional 1,396 shares during the last quarter. Institutional investors and hedge funds 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.