Christopher Gramm Sells 1,000 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIX – Get Rating) insider Christopher Gramm sold 1,000 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $35.00, for a total transaction of $35,000.00. Following the completion of the sale, the insider now owns 37,744 shares of the company’s stock, valued at $1,321,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Christopher Gramm also recently made the following trade(s):

• On Thursday, February 23rd, Christopher Gramm sold 2,000 shares of AdvanSix stock. The shares were sold at an average price of $41.79, for a total transaction of $83,580.00.

AdvanSix Price Performance

AdvanSix stock opened at $34.47 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $41.11 and a 200 day moving average price of $38.23. AdvanSix Inc. has a 12-month low of $30.69 and a 12-month high of $57.10. The stock has a market cap of $945.51 million, a P/E ratio of 5.83 and a beta of 1.88.

AdvanSix (NYSE:ASIX – Get Rating) last posted its quarterly earnings results on Friday, February 17th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.30). The firm had revenue of $404.06 million during the quarter, compared to analysts’ expectations of $472.63 million. AdvanSix had a net margin of 8.83% and a return on equity of 24.50%. Sell-side analysts anticipate that AdvanSix Inc. will post 4.72 earnings per share for the current year.

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Friday, March 3rd were paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Thursday, March 2nd. AdvanSix’s dividend payout ratio (DPR) is 9.81%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ASIX. StockNews.com assumed coverage on AdvanSix in a report on Thursday. They set a “buy” rating on the stock. Piper Sandler set a $52.00 price objective on AdvanSix in a research note on Wednesday, November 23rd.

Institutional Investors Weigh In On AdvanSix

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of AdvanSix by 5.3% in the third quarter. Vanguard Group Inc. now owns 2,412,703 shares of the company’s stock valued at $77,447,000 after purchasing an additional 121,556 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of AdvanSix by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,575,723 shares of the company’s stock worth $59,909,000 after acquiring an additional 68,726 shares in the last quarter. State Street Corp increased its position in shares of AdvanSix by 2.2% during the second quarter. State Street Corp now owns 976,269 shares of the company’s stock worth $32,646,000 after acquiring an additional 20,914 shares during the period. Alliancebernstein L.P. raised its stake in shares of AdvanSix by 32.6% in the third quarter. Alliancebernstein L.P. now owns 967,840 shares of the company’s stock valued at $31,068,000 after acquiring an additional 237,798 shares in the last quarter. Finally, Wasatch Advisors Inc. acquired a new stake in shares of AdvanSix in the first quarter valued at $31,153,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

About AdvanSix

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Advansix, Inc engages in the development and production of nylon resin products and other additives. The firm’s products include nylon resin, caprolactam, ammonium sulfate fertilizer and chemical intermediates. It offers products to carpet, engineering plastic, food packaging, building and construction, composites, plant nutrition, paints and coating markets.