Wedge Capital Management L L P NC Has $522,000 Stock Position in AdvanSix Inc. (NYSE:ASIX)

Wedge Capital Management L L P NC raised its holdings in AdvanSix Inc. (NYSE:ASIX) by 33.7% in the 4th quarter, HoldingsChannel reports. The fund owned 17,421 shares of the company’s stock after acquiring an additional 4,392 shares during the period. Wedge Capital Management L L P NC’s holdings in AdvanSix were worth $522,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ASIX. Copeland Capital Management LLC acquired a new stake in shares of AdvanSix during the fourth quarter worth $27,000. Quadrature Capital Ltd acquired a new stake in shares of AdvanSix during the third quarter worth $204,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of AdvanSix by 32.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,062 shares of the company’s stock worth $219,000 after buying an additional 1,732 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of AdvanSix during the fourth quarter worth $234,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of AdvanSix by 16.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,208 shares of the company’s stock worth $246,000 after buying an additional 1,146 shares during the period. 86.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $28.30, for a total value of $141,500.00. Following the completion of the sale, the chief executive officer now directly owns 557,755 shares in the company, valued at $15,784,466.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $28.30, for a total value of $141,500.00. Following the transaction, the chief executive officer now directly owns 557,755 shares of the company’s stock, valued at $15,784,466.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Erin N. Kane sold 3,002 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $28.08, for a total transaction of $84,296.16. Following the completion of the transaction, the chief executive officer now directly owns 552,755 shares in the company, valued at $15,521,360.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,387 shares of company stock worth $486,481. 5.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

AdvanSix Trading Up 0.4 %

NYSE:ASIX opened at $26.02 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.58 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $694.60 million, a price-to-earnings ratio of 13.69 and a beta of 1.73. The firm has a fifty day simple moving average of $27.24 and a two-hundred day simple moving average of $27.25. AdvanSix Inc. has a 12 month low of $23.92 and a 12 month high of $40.85.

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

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Friday, March 1st. AdvanSix’s payout ratio is 33.68%.

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.