Nisa Investment Advisors LLC lowered its position in shares of AdvanSix Inc. (NYSE:ASIX – Get Rating) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,386 shares of the company’s stock after selling 434 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AdvanSix were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Wipfli Financial Advisors LLC purchased a new stake in shares of AdvanSix during the 3rd quarter worth approximately $28,000. Point72 Hong Kong Ltd purchased a new stake in shares of AdvanSix during the 1st quarter worth approximately $32,000. Captrust Financial Advisors increased its stake in shares of AdvanSix by 30.1% during the 1st quarter. Captrust Financial Advisors now owns 2,656 shares of the company’s stock worth $136,000 after purchasing an additional 614 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of AdvanSix by 77.2% during the 2nd quarter. Quantbot Technologies LP now owns 5,023 shares of the company’s stock worth $167,000 after purchasing an additional 2,188 shares during the last quarter. Finally, Dupont Capital Management Corp increased its stake in shares of AdvanSix by 51.4% during the 4th quarter. Dupont Capital Management Corp now owns 4,665 shares of the company’s stock worth $177,000 after purchasing an additional 1,584 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of AdvanSix in a research note on Thursday, March 16th. They issued a “buy” rating for the company. Piper Sandler lifted their price objective on shares of AdvanSix from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, April 11th.
AdvanSix Stock Up 1.7 %
AdvanSix (NYSE:ASIX – Get Rating) last released its quarterly earnings data on Friday, February 17th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.30). AdvanSix had a net margin of 8.83% and a return on equity of 24.50%. The business had revenue of $404.06 million during the quarter, compared to analysts’ expectations of $472.63 million. On average, analysts predict that AdvanSix Inc. will post 4.57 earnings per share for the current year.
AdvanSix Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Friday, March 3rd were given a dividend of $0.145 per share. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.54%. AdvanSix’s dividend payout ratio (DPR) is currently 9.81%.
Insider Activity
In other news, insider Christopher Gramm sold 1,000 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $39.74, for a total transaction of $39,740.00. Following the completion of the transaction, the insider now directly owns 36,744 shares in the company, valued at approximately $1,460,206.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 4,000 shares of company stock worth $158,320 in the last three months. Corporate insiders own 3.90% of the company’s stock.
About AdvanSix
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.
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