Russell Investments Group Ltd. increased its position in AdvanSix Inc. (NYSE:ASIX – Free Report) by 227.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,663 shares of the company’s stock after acquiring an additional 104,587 shares during the period. Russell Investments Group Ltd. owned approximately 0.56% of AdvanSix worth $4,309,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. SG Americas Securities LLC increased its holdings in shares of AdvanSix by 2.0% in the 4th quarter. SG Americas Securities LLC now owns 19,900 shares of the company’s stock worth $596,000 after acquiring an additional 388 shares during the period. New York State Common Retirement Fund increased its stake in AdvanSix by 2.9% during the 4th quarter. New York State Common Retirement Fund now owns 24,364 shares of the company’s stock valued at $730,000 after buying an additional 698 shares during the period. Copeland Capital Management LLC acquired a new position in AdvanSix during the 4th quarter valued at about $27,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AdvanSix by 16.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,208 shares of the company’s stock valued at $246,000 after buying an additional 1,146 shares during the period. Finally, Quadrature Capital Ltd increased its stake in AdvanSix by 37.1% during the 4th quarter. Quadrature Capital Ltd now owns 8,989 shares of the company’s stock valued at $269,000 after buying an additional 2,434 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.
AdvanSix Stock Performance
Shares of ASIX opened at $26.97 on Wednesday. The firm’s 50 day moving average is $23.49 and its 200-day moving average is $25.48. The stock has a market capitalization of $723.34 million, a P/E ratio of 899.30 and a beta of 1.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 0.71. AdvanSix Inc. has a 12-month low of $20.86 and a 12-month high of $40.85.
AdvanSix (NYSE:ASIX – Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.02). The business had revenue of $336.83 million during the quarter, compared to analyst estimates of $344.63 million. AdvanSix had a return on equity of 0.06% and a net margin of 0.15%. Equities research analysts anticipate that AdvanSix Inc. will post 1.22 EPS for the current fiscal year.
AdvanSix Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th were paid a $0.16 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.37%. AdvanSix’s dividend payout ratio is currently 2,134.04%.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus reissued a “buy” rating and set a $40.00 target price on shares of AdvanSix in a research note on Tuesday, April 9th.
Check Out Our Latest Stock Analysis on ASIX
Insider Transactions at AdvanSix
In other AdvanSix news, SVP Achilles B. Kintiroglou sold 3,661 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $25.23, for a total value of $92,367.03. Following the completion of the transaction, the senior vice president now directly owns 35,335 shares in the company, valued at $891,502.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.60% of the company’s stock.
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.
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