Achilles B. Kintiroglou Sells 4,000 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 4,000 shares of AdvanSix stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total transaction of $88,960.00. Following the sale, the senior vice president now directly owns 36,363 shares of the company’s stock, valued at $808,713.12. This represents a 9.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

AdvanSix Stock Up 0.4 %

Shares of NYSE:ASIX opened at $22.52 on Thursday. The stock has a market capitalization of $602.27 million, a P/E ratio of 13.99 and a beta of 1.73. The stock’s 50-day moving average price is $27.30 and its 200-day moving average price is $29.01. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. AdvanSix Inc. has a 12-month low of $20.86 and a 12-month high of $33.00.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.40. The business had revenue of $329.06 million for the quarter, compared to analysts’ expectations of $377.15 million. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. On average, equities analysts anticipate that AdvanSix Inc. will post 4 earnings per share for the current year.

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.16 per share. The ex-dividend date was Monday, March 10th. This represents a $0.64 annualized dividend and a yield of 2.84%. AdvanSix’s payout ratio is currently 39.75%.

Institutional Investors Weigh In On AdvanSix

A number of large investors have recently added to or reduced their stakes in ASIX. AlphaQuest LLC purchased a new stake in shares of AdvanSix during the fourth quarter worth about $94,000. Quantbot Technologies LP lifted its holdings in AdvanSix by 618.5% in the 3rd quarter. Quantbot Technologies LP now owns 4,361 shares of the company’s stock worth $132,000 after buying an additional 3,754 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of AdvanSix in the 4th quarter worth approximately $137,000. State of Wyoming bought a new stake in shares of AdvanSix in the 4th quarter worth approximately $156,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of AdvanSix by 29.9% during the third quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock valued at $184,000 after acquiring an additional 1,396 shares in the last quarter. Institutional investors own 86.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ASIX shares. Piper Sandler lowered their price target on AdvanSix from $39.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. StockNews.com downgraded AdvanSix from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, UBS Group set a $35.00 price target on shares of AdvanSix in a research report on Tuesday, March 18th.

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.