AdvanSix (NYSE:ASIX) Stock Price Down 1.2% – Time to Sell?

AdvanSix Inc. (NYSE:ASIX)’s stock price fell 1.2% during trading on Monday . The stock traded as low as $30.50 and last traded at $30.59. 4,409 shares were traded during trading, a decline of 97% from the average session volume of 139,574 shares. The stock had previously closed at $30.95.

Analyst Ratings Changes

A number of analysts recently weighed in on ASIX shares. Piper Sandler upped their target price on shares of AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th.

AdvanSix Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. The company has a fifty day moving average price of $30.53 and a 200 day moving average price of $27.99. The company has a market cap of $804.87 million, a PE ratio of 21.35 and a beta of 1.73.

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a yield of 2.13%. AdvanSix’s dividend payout ratio is presently 45.39%.

Insider Transactions at AdvanSix

In other AdvanSix news, insider Christopher Gramm sold 1,951 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $32.00, for a total transaction of $62,432.00. Following the transaction, the insider now directly owns 43,463 shares in the company, valued at $1,390,816. This trade represents a 4.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total transaction of $151,400.00. Following the completion of the sale, the chief executive officer now owns 522,795 shares of the company’s stock, valued at approximately $15,830,232.60. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,369 shares of company stock valued at $474,058 in the last quarter. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On AdvanSix

Large investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC grew its position in AdvanSix by 33.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock worth $14,006,000 after acquiring an additional 151,470 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of AdvanSix by 1.5% during the third quarter. Geode Capital Management LLC now owns 598,485 shares of the company’s stock valued at $18,186,000 after purchasing an additional 8,903 shares during the period. American Century Companies Inc. grew its holdings in shares of AdvanSix by 5.4% in the second quarter. American Century Companies Inc. now owns 593,834 shares of the company’s stock worth $13,611,000 after purchasing an additional 30,500 shares during the last quarter. FMR LLC increased its stake in shares of AdvanSix by 86.2% in the third quarter. FMR LLC now owns 565,982 shares of the company’s stock worth $17,195,000 after buying an additional 261,964 shares during the period. Finally, Wellington Management Group LLP raised its holdings in AdvanSix by 48.6% during the 3rd quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock valued at $14,269,000 after buying an additional 153,686 shares during the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

About AdvanSix

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.