AdvanSix (NYSE:ASIX) Sets New 1-Year Low – What’s Next?

AdvanSix Inc. (NYSE:ASIX) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $20.84 and last traded at $21.00, with a volume of 44186 shares. The stock had previously closed at $22.54.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ASIX. UBS Group set a $35.00 price target on shares of AdvanSix in a research report on Tuesday, March 18th. Piper Sandler cut their target price on AdvanSix from $39.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Finally, StockNews.com cut shares of AdvanSix from a “buy” rating to a “hold” rating in a report on Monday, March 24th.

AdvanSix Price Performance

The company’s 50 day moving average price is $27.30 and its 200 day moving average price is $29.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 1.08. The company has a market cap of $554.91 million, a price-to-earnings ratio of 12.89 and a beta of 1.64.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.37) by $0.40. AdvanSix had a net margin of 2.91% and a return on equity of 6.26%. The business had revenue of $329.06 million for the quarter, compared to analysts’ expectations of $377.15 million. On average, equities research analysts predict that AdvanSix Inc. will post 4 earnings per share for the current fiscal year.

AdvanSix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Monday, March 10th. AdvanSix’s dividend payout ratio (DPR) is presently 39.75%.

Insider Activity at AdvanSix

In other news, SVP Achilles B. Kintiroglou sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $22.24, for a total value of $88,960.00. Following the completion of the sale, the senior vice president now directly owns 36,363 shares of the company’s stock, valued at approximately $808,713.12. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Erin N. Kane sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $30.19, for a total transaction of $150,950.00. Following the sale, the chief executive officer now directly owns 502,795 shares in the company, valued at $15,179,381.05. This trade represents a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Inspire Investing LLC raised its position in AdvanSix by 2.5% in the 4th quarter. Inspire Investing LLC now owns 15,628 shares of the company’s stock worth $445,000 after purchasing an additional 387 shares during the period. Ameriprise Financial Inc. boosted its position in AdvanSix by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 135,127 shares of the company’s stock worth $3,850,000 after purchasing an additional 450 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of AdvanSix by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,543 shares of the company’s stock worth $414,000 after buying an additional 508 shares during the period. Sheets Smith Wealth Management increased its position in shares of AdvanSix by 3.7% during the fourth quarter. Sheets Smith Wealth Management now owns 15,772 shares of the company’s stock worth $449,000 after purchasing an additional 569 shares in the last quarter. Finally, Nilsine Partners LLC raised its stake in AdvanSix by 3.1% during the fourth quarter. Nilsine Partners LLC now owns 21,288 shares of the company’s stock worth $606,000 after purchasing an additional 650 shares during the period. 86.39% of the stock is owned by hedge funds and other institutional investors.

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.