Fruth Investment Management Has $2.02 Million Stock Holdings in AdvanSix Inc. (NYSE:ASIX)

Fruth Investment Management trimmed its stake in shares of AdvanSix Inc. (NYSE:ASIX) by 2.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 66,557 shares of the company’s stock after selling 1,503 shares during the quarter. Fruth Investment Management owned about 0.25% of AdvanSix worth $2,022,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ASIX. Point72 DIFC Ltd acquired a new stake in shares of AdvanSix during the 2nd quarter worth approximately $34,000. Acadian Asset Management LLC acquired a new stake in shares of AdvanSix in the 2nd quarter valued at $36,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AdvanSix in the 2nd quarter valued at $51,000. Allspring Global Investments Holdings LLC acquired a new position in shares of AdvanSix during the 2nd quarter worth $51,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of AdvanSix during the 2nd quarter worth $55,000. 86.39% of the stock is owned by institutional investors and hedge funds.

AdvanSix Stock Down 0.5 %

Shares of ASIX opened at $30.53 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 1.39. AdvanSix Inc. has a 52 week low of $20.86 and a 52 week high of $32.04. The stock has a market capitalization of $818.78 million, a price-to-earnings ratio of 1,017.67 and a beta of 1.68. The stock has a fifty day moving average of $29.07 and a 200-day moving average of $26.39.

AdvanSix (NYSE:ASIX) last posted its earnings results on Friday, August 2nd. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.13 by $0.35. The firm had revenue of $453.48 million during the quarter, compared to the consensus estimate of $426.80 million. AdvanSix had a return on equity of 1.03% and a net margin of 0.57%. During the same period last year, the company earned $1.18 earnings per share. As a group, sell-side analysts anticipate that AdvanSix Inc. will post 1.67 earnings per share for the current fiscal year.

AdvanSix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Tuesday, August 13th. AdvanSix’s payout ratio is 2,133.33%.

Insider Buying and Selling at AdvanSix

In other news, CEO Erin N. Kane sold 1,558 shares of AdvanSix stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $27.89, for a total transaction of $43,452.62. Following the transaction, the chief executive officer now owns 536,237 shares in the company, valued at approximately $14,955,649.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Erin N. Kane sold 1,558 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $27.89, for a total value of $43,452.62. Following the completion of the sale, the chief executive officer now owns 536,237 shares of the company’s stock, valued at approximately $14,955,649.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total value of $151,400.00. Following the completion of the transaction, the chief executive officer now directly owns 522,795 shares in the company, valued at approximately $15,830,232.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,528 shares of company stock worth $223,800. 5.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

AdvanSix Company 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.