AdvanSix $ASIX Position Boosted by UBS Group AG

UBS Group AG raised its holdings in shares of AdvanSix (NYSE:ASIX) by 23.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,875 shares of the company’s stock after acquiring an additional 26,564 shares during the quarter. UBS Group AG owned approximately 0.53% of AdvanSix worth $2,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in AdvanSix during the 2nd quarter valued at about $29,000. Osaic Holdings Inc. grew its stake in AdvanSix by 60.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,285 shares of the company’s stock valued at $31,000 after acquiring an additional 483 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in AdvanSix by 27,537.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,211 shares of the company’s stock valued at $43,000 after acquiring an additional 2,203 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in AdvanSix by 144.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,385 shares of the company’s stock valued at $57,000 after acquiring an additional 1,408 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in AdvanSix during the 3rd quarter valued at about $105,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Loop Capital set a $25.00 price target on AdvanSix in a research note on Thursday, March 12th. Weiss Ratings cut AdvanSix from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Wall Street Zen cut AdvanSix from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial boosted their price target on AdvanSix from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. Finally, Zacks Research raised AdvanSix to a “hold” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $22.50.

AdvanSix Stock Performance

Shares of NYSE ASIX opened at $22.57 on Wednesday. The business has a fifty day simple moving average of $23.00 and a 200 day simple moving average of $19.20. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $608.46 million, a price-to-earnings ratio of 61.00 and a beta of 1.33. AdvanSix has a one year low of $14.10 and a one year high of $26.73.

AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, May 8th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.02). The firm had revenue of $404.18 million during the quarter, compared to analyst estimates of $364.90 million. AdvanSix had a net margin of 0.67% and a return on equity of 2.18%. Sell-side analysts expect that AdvanSix will post 0.89 EPS for the current year.

AdvanSix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, May 19th. AdvanSix’s dividend payout ratio is presently 172.97%.

AdvanSix Profile

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.