AdvanSix Inc. (NYSE:ASIX) Shares Sold by Bailard Inc.

Bailard Inc. decreased its holdings in AdvanSix Inc. (NYSE:ASIXGet Rating) by 3.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,607 shares of the company’s stock after selling 400 shares during the quarter. Bailard Inc.’s holdings in AdvanSix were worth $548,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ASIX. C M Bidwell & Associates Ltd. acquired a new position in AdvanSix in the 3rd quarter worth about $53,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in AdvanSix in the 3rd quarter worth about $61,000. Dorsey Wright & Associates raised its holdings in AdvanSix by 15.8% in the 4th quarter. Dorsey Wright & Associates now owns 1,814 shares of the company’s stock worth $86,000 after purchasing an additional 248 shares during the period. Royal Bank of Canada increased its stake in AdvanSix by 57.6% during the 2nd quarter. Royal Bank of Canada now owns 3,137 shares of the company’s stock worth $94,000 after buying an additional 1,146 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in AdvanSix during the 4th quarter worth approximately $114,000. 82.19% of the stock is owned by institutional investors.

In related news, insider Christopher Gramm sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $50.55, for a total value of $50,550.00. Following the transaction, the insider now directly owns 40,765 shares in the company, valued at $2,060,670.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Several research firms have commented on ASIX. Piper Sandler boosted their price objective on AdvanSix from $58.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, March 14th. Zacks Investment Research lowered AdvanSix from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 11th. upgraded AdvanSix from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 11th. Finally, Stifel Nicolaus boosted their price objective on AdvanSix from $64.00 to $76.00 in a research note on Friday, March 11th.

ASIX stock opened at $46.45 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 0.81. The business has a 50 day simple moving average of $49.37 and a 200-day simple moving average of $46.08. The firm has a market capitalization of $1.31 billion, a PE ratio of 7.75 and a beta of 1.76. AdvanSix Inc. has a 1 year low of $27.22 and a 1 year high of $57.10.

AdvanSix (NYSE:ASIXGet Rating) last posted its quarterly earnings results on Friday, February 18th. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The company had revenue of $424.06 million during the quarter, compared to analysts’ expectations of $408.30 million. AdvanSix had a net margin of 9.78% and a return on equity of 29.76%. During the same quarter last year, the company earned $0.94 earnings per share. On average, equities research analysts expect that AdvanSix Inc. will post 8.38 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Tuesday, May 17th will be given a $0.125 dividend. The ex-dividend date is Monday, May 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.08%. AdvanSix’s dividend payout ratio (DPR) is presently 8.35%.

AdvanSix Company Profile (Get Rating)

AdvanSix Inc manufactures and sells 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, alpha-methyl styrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.

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Institutional Ownership by Quarter for AdvanSix (NYSE:ASIX)

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