AdvanSix (NYSE:ASIX) Hits New 1-Year Low – Time to Sell?

AdvanSix Inc. (NYSE:ASIX) shares reached a new 52-week low on Wednesday . The stock traded as low as $18.44 and last traded at $18.72, with a volume of 281881 shares traded. The stock had previously closed at $19.21.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ASIX. UBS Group set a $35.00 price target on shares of AdvanSix in a research note on Tuesday, March 18th. Piper Sandler downgraded AdvanSix from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $35.00 to $26.00 in a research report on Monday. Finally, StockNews.com cut AdvanSix from a “buy” rating to a “hold” rating in a research report on Monday, March 24th.

AdvanSix Stock Down 2.6 %

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’s 50-day moving average price is $26.07 and its 200 day moving average price is $28.69. The stock has a market capitalization of $500.51 million, a P/E ratio of 11.62 and a beta of 1.64.

AdvanSix (NYSE:ASIX) last announced 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 return on equity of 6.26% and a net margin of 2.91%. The business had revenue of $329.06 million for the quarter, compared to the consensus estimate of $377.15 million. As a group, equities analysts expect that AdvanSix Inc. will post 4 earnings per share for the current year.

AdvanSix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Monday, March 10th. AdvanSix’s dividend payout ratio (DPR) is currently 39.75%.

Insider Transactions at AdvanSix

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total transaction of $88,960.00. Following the completion of the transaction, the senior vice president now owns 36,363 shares in the company, valued at $808,713.12. This trade represents a 9.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $30.19, for a total value 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. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in AdvanSix by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 1,951,100 shares of the company’s stock valued at $55,587,000 after purchasing an additional 27,981 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of AdvanSix by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,578,908 shares of the company’s stock valued at $44,982,000 after buying an additional 12,793 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of AdvanSix by 15.8% in the 4th quarter. American Century Companies Inc. now owns 740,028 shares of the company’s stock valued at $21,083,000 after acquiring an additional 100,841 shares during the last quarter. Wellington Management Group LLP grew its position in AdvanSix by 43.5% in the fourth quarter. Wellington Management Group LLP now owns 673,885 shares of the company’s stock worth $19,199,000 after acquiring an additional 204,200 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in AdvanSix by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 602,303 shares of the company’s stock worth $17,164,000 after acquiring an additional 3,818 shares during the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

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.