Achilles B. Kintiroglou Sells 3,661 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 3,661 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $25.23, for a total value of $92,367.03. Following the completion of the sale, the senior vice president now owns 35,335 shares of the company’s stock, valued at approximately $891,502.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AdvanSix Stock Down 14.1 %

Shares of NYSE ASIX opened at $22.13 on Friday. The stock has a 50 day moving average price of $26.94 and a 200 day moving average price of $27.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.58 and a current ratio of 1.17. The firm has a market capitalization of $593.39 million, a price-to-earnings ratio of 11.65 and a beta of 1.74. AdvanSix Inc. has a 52-week low of $21.55 and a 52-week high of $40.85.

AdvanSix (NYSE:ASIX) last posted its earnings results on Friday, February 16th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. The company had revenue of $382.21 million during the quarter, compared to analyst estimates of $335.80 million. AdvanSix had a return on equity of 6.98% and a net margin of 3.56%. Sell-side analysts expect that AdvanSix Inc. will post 1.04 earnings per share for the current year.

AdvanSix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, May 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.89%. AdvanSix’s dividend payout ratio is currently 33.68%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 price target on shares of AdvanSix in a report on Tuesday, April 9th.

Institutional Trading of AdvanSix

A number of hedge funds have recently bought and sold shares of ASIX. Victory Capital Management Inc. lifted its holdings in AdvanSix by 26.7% during the third quarter. Victory Capital Management Inc. now owns 2,177,830 shares of the company’s stock worth $67,687,000 after buying an additional 458,622 shares during the period. Donald Smith & CO. Inc. acquired a new position in shares of AdvanSix during the fourth quarter worth $4,191,000. First Eagle Investment Management LLC increased its position in shares of AdvanSix by 47.6% during the fourth quarter. First Eagle Investment Management LLC now owns 407,407 shares of the company’s stock worth $12,206,000 after purchasing an additional 131,400 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of AdvanSix during the third quarter worth $4,081,000. Finally, Richard Bernstein Advisors LLC acquired a new position in shares of AdvanSix during the third quarter worth $2,370,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.

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.