AdvanSix Inc. (NYSE:ASIX - Get Free Report) SVP Achilles B. Kintiroglou sold 3,661 shares of the company's stock in a transaction on 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 sale, the senior vice president now directly owns 35,335 shares in the company, valued at approximately $891,502.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
AdvanSix Stock Down 14.3 %
Shares of NYSE:ASIX opened at $22.07 on Friday. The company has a market capitalization of $591.70 million, a P/E ratio of 11.62 and a beta of 1.74. The stock's fifty day simple moving average is $26.94 and its 200-day simple moving average is $27.09. AdvanSix Inc. has a 52-week low of $21.55 and a 52-week high of $40.85. The company has a quick ratio of 0.58, a current ratio of 1.17 and a debt-to-equity ratio of 0.23.
AdvanSix (NYSE:ASIX - Get Free Report) last issued its quarterly earnings results on Friday, February 16th. The company reported ($0.17) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02. The business had revenue of $382.21 million during the quarter, compared to the consensus estimate of $335.80 million. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. As a group, equities research analysts forecast that AdvanSix Inc. will post 1.04 earnings per share for the current fiscal year.
AdvanSix Announces Dividend
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Monday, May 13th. AdvanSix's dividend payout ratio is presently 33.68%.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus reissued a "buy" rating and issued a $40.00 price objective on shares of AdvanSix in a research note on Tuesday, April 9th.
Read Our Latest Report on ASIX
Institutional Investors Weigh In On AdvanSix
Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in AdvanSix by 26.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,177,830 shares of the company's stock worth $67,687,000 after buying an additional 458,622 shares during the last quarter. Donald Smith & CO. Inc. purchased a new stake in AdvanSix in the fourth quarter valued at approximately $4,191,000. First Eagle Investment Management LLC increased its position in AdvanSix by 47.6% during the fourth quarter. First Eagle Investment Management LLC now owns 407,407 shares of the company's stock worth $12,206,000 after purchasing an additional 131,400 shares during the last quarter. Wellington Management Group LLP purchased a new position in AdvanSix during the third quarter worth approximately $4,081,000. Finally, Richard Bernstein Advisors LLC purchased a new position in AdvanSix during the third quarter worth approximately $2,370,000. Institutional investors and hedge funds own 86.39% of the company's stock.
AdvanSix Company Profile
(
Get Free Report)
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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