Wall Street Zen lowered shares of AdvanSix (NYSE:ASIX – Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.
A number of other equities analysts have also recently weighed in on ASIX. Truist Financial increased their price target on AdvanSix from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Monday, February 23rd. Weiss Ratings upgraded AdvanSix from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 29th. Finally, Loop Capital set a $25.00 price target on AdvanSix in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.67.
Check Out Our Latest Stock Analysis on ASIX
AdvanSix Stock Down 15.1%
AdvanSix (NYSE:ASIX – Get Free Report) last issued its earnings results on Friday, May 8th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.02). The company had revenue of $404.18 million during the quarter, compared to analyst estimates of $364.90 million. AdvanSix had a return on equity of 6.97% and a net margin of 3.24%.
AdvanSix Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.1%. AdvanSix’s dividend payout ratio is currently 35.36%.
Hedge Funds Weigh In On AdvanSix
A number of hedge funds and other institutional investors have recently bought and sold shares of ASIX. Royal Bank of Canada boosted its holdings in AdvanSix by 23.2% during the 1st quarter. Royal Bank of Canada now owns 18,990 shares of the company’s stock valued at $430,000 after acquiring an additional 3,575 shares during the period. AQR Capital Management LLC boosted its holdings in AdvanSix by 35.7% during the 1st quarter. AQR Capital Management LLC now owns 74,743 shares of the company’s stock valued at $1,693,000 after acquiring an additional 19,668 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in AdvanSix by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,147 shares of the company’s stock valued at $343,000 after acquiring an additional 604 shares during the period. Creative Planning boosted its holdings in AdvanSix by 13.2% during the 2nd quarter. Creative Planning now owns 11,961 shares of the company’s stock valued at $284,000 after acquiring an additional 1,399 shares during the period. Finally, First Trust Advisors LP boosted its holdings in AdvanSix by 3.2% during the 2nd quarter. First Trust Advisors LP now owns 120,113 shares of the company’s stock valued at $2,853,000 after acquiring an additional 3,696 shares during the period. 86.39% of the stock is currently owned by hedge funds and other institutional investors.
AdvanSix News Summary
Here are the key news stories impacting AdvanSix this week:
- Positive Sentiment: First-quarter revenue came in above expectations at $404.2 million, up 7% year over year, showing solid demand and better-than-expected sales performance. AdvanSix Announces First Quarter 2026 Financial Results
- Positive Sentiment: The board announced a quarterly dividend of $0.16 per share, supporting the stock’s income appeal and signaling confidence in cash generation. AdvanSix Dividend Announcement
- Positive Sentiment: AdvanSix also said it is evaluating an expansion of its ammonia platform to serve the growing diesel exhaust fluid market, which could create a future growth opportunity. AdvanSix Announces Process Design and License Agreement to Assess Expansion of Its Ammonia Platform to Supply Growing Regional Diesel Exhaust Fluid Market
- Neutral Sentiment: The company’s earnings per share missed analyst expectations, reporting a loss of $0.50 per share versus an expected loss of $0.48, which may be limiting investor enthusiasm despite the revenue beat. AdvanSix Q1 2026 Earnings Report and Transcript
- Neutral Sentiment: Management’s earnings presentation and transcript will likely be focused on margin trends, demand outlook, and capital allocation, but they do not appear to add a major new catalyst on their own. AdvanSix Q1 2026 Results Earnings Call Presentation
- Negative Sentiment: The earnings miss on EPS suggests profitability remained under pressure, which is likely the main reason the stock is trading down despite strong sales growth and the dividend increase.
AdvanSix Company Profile
AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.
The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.
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