LSV Asset Management reduced its holdings in AdvanSix (NYSE:ASIX – Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 569,479 shares of the company’s stock after selling 53,227 shares during the period. LSV Asset Management’s holdings in AdvanSix were worth $9,852,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of AdvanSix in the 2nd quarter valued at $29,000. Osaic Holdings Inc. lifted its holdings in AdvanSix by 60.2% during the second quarter. Osaic Holdings Inc. now owns 1,285 shares of the company’s stock valued at $31,000 after purchasing an additional 483 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in AdvanSix by 27,537.5% during the third quarter. CIBC Private Wealth Group LLC now owns 2,211 shares of the company’s stock valued at $43,000 after purchasing an additional 2,203 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in AdvanSix by 144.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,385 shares of the company’s stock valued at $57,000 after purchasing an additional 1,408 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in AdvanSix during the third quarter valued at $105,000. 86.39% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ASIX has been the topic of several recent analyst reports. Zacks Research raised shares of AdvanSix to a “hold” rating in a report on Tuesday, May 12th. Truist Financial increased their target price on shares of AdvanSix from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings downgraded shares of AdvanSix from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Loop Capital set a $25.00 price target on shares of AdvanSix in a research report on Thursday, March 12th. Finally, Wall Street Zen cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $22.50.
AdvanSix Trading Up 0.1%
NYSE ASIX opened at $22.28 on Tuesday. The firm has a 50 day simple moving average of $22.96 and a 200-day simple moving average of $19.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 1.23. AdvanSix has a one year low of $14.10 and a one year high of $26.73. The firm has a market cap of $600.64 million, a price-to-earnings ratio of 60.22 and a beta of 1.33.
AdvanSix (NYSE:ASIX – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.02). AdvanSix had a net margin of 0.67% and a return on equity of 2.18%. The business had revenue of $404.18 million during the quarter, compared to analysts’ expectations of $364.90 million. Equities research analysts anticipate that AdvanSix will post 0.89 EPS for the current fiscal year.
AdvanSix Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, May 19th. AdvanSix’s dividend payout ratio (DPR) is presently 172.97%.
AdvanSix Company Profile
AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.
The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.
See Also
- Five stocks we like better than AdvanSix
- SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns
- Microsoft Stock Discount May Be Ending as AI Catalysts Build
- Apparel Earnings Winners and Losers: Ralph Lauren Takes Off
- Why Walmart, Target and TJX Got Such Different Reactions After Earnings
Want to see what other hedge funds are holding ASIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AdvanSix (NYSE:ASIX – Free Report).
Receive News & Ratings for AdvanSix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdvanSix and related companies with MarketBeat.com's FREE daily email newsletter.
