AdvanSix Inc. (NYSE:ASIX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in shares of AdvanSix Inc. (NYSE:ASIX – Get Rating) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,277 shares of the company’s stock after selling 674 shares during the period. Thrivent Financial for Lutherans owned 0.10% of AdvanSix worth $1,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of AdvanSix during the 1st quarter worth about $32,000. Captrust Financial Advisors raised its position 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 raised its position 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. Dupont Capital Management Corp raised its position 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. Finally, Mutual of America Capital Management LLC raised its position in shares of AdvanSix by 18.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 5,573 shares of the company’s stock worth $179,000 after purchasing an additional 853 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity

In other news, insider Christopher Gramm sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $35.00, for a total value of $35,000.00. Following the completion of the sale, the insider now owns 37,744 shares of the company’s stock, valued at approximately $1,321,040. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 5,000 shares of company stock valued at $193,410 in the last 90 days. Company insiders own 3.90% of the company’s stock.

AdvanSix Stock Up 0.3 %

Shares of NYSE ASIX opened at $35.32 on Tuesday. AdvanSix Inc. has a 12-month low of $30.69 and a 12-month high of $47.77. The stock has a market cap of $973.77 million, a PE ratio of 7.09 and a beta of 1.84. The company has a current ratio of 1.25, a quick ratio of 0.54 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $36.84 and a 200 day moving average of $39.19.

AdvanSix (NYSE:ASIX – Get Rating) last announced its quarterly earnings data on Friday, May 5th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.29. AdvanSix had a net margin of 7.70% and a return on equity of 19.88%. The company had revenue of $400.54 million during the quarter, compared to analysts’ expectations of $411.23 million. As a group, sell-side analysts predict that AdvanSix Inc. will post 3.97 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Tuesday, May 16th will be paid a $0.145 dividend. The ex-dividend date is Monday, May 15th. This represents a $0.58 annualized dividend and a dividend yield of 1.64%. AdvanSix’s dividend payout ratio (DPR) is 11.65%.

Analyst Upgrades and Downgrades

ASIX has been the subject of several research analyst reports. Piper Sandler reduced their price target on shares of AdvanSix from $54.00 to $50.00 in a research report on Tuesday, May 16th. StockNews.com assumed coverage on shares of AdvanSix in a research note on Thursday, May 18th. They set a “buy” rating for the company.

AdvanSix Profile

(Get Rating)

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.