AdvanSix Inc. (NYSE:ASIX) Stock Holdings Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP raised its position in AdvanSix Inc. (NYSE:ASIX) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,300 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Two Sigma Advisers LP’s holdings in AdvanSix were worth $835,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC bought a new stake in AdvanSix during the 4th quarter valued at approximately $94,000. KLP Kapitalforvaltning AS acquired a new position in AdvanSix in the 4th quarter valued at approximately $137,000. State of Wyoming acquired a new position in shares of AdvanSix in the 4th quarter worth approximately $156,000. BOKF NA acquired a new position in shares of AdvanSix in the 4th quarter worth approximately $217,000. Finally, ProShare Advisors LLC acquired a new position in shares of AdvanSix in the 4th quarter worth approximately $220,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ASIX shares. UBS Group set a $35.00 price target on AdvanSix in a report on Tuesday, March 18th. Piper Sandler set a $32.00 target price on AdvanSix in a research note on Monday, May 19th. Finally, Wall Street Zen raised AdvanSix from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

Insiders Place Their Bets

In other news, SVP Achilles B. Kintiroglou sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total value of $88,960.00. Following the sale, the senior vice president now directly owns 36,363 shares in the company, valued at $808,713.12. The trade was a 9.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.60% of the company’s stock.

AdvanSix Stock Performance

ASIX stock opened at $23.48 on Tuesday. The business’s 50-day moving average price is $22.01 and its two-hundred day moving average price is $26.52. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market cap of $629.57 million, a PE ratio of 14.58 and a beta of 1.59. AdvanSix Inc. has a 1-year low of $18.44 and a 1-year high of $33.00.

AdvanSix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, May 13th. This represents a $0.64 annualized dividend and a yield of 2.73%. AdvanSix’s dividend payout ratio is presently 20.51%.

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.