AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou Sells 363 Shares

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 363 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $31.00, for a total transaction of $11,253.00. Following the sale, the senior vice president now owns 33,238 shares of the company’s stock, valued at $1,030,378. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AdvanSix Price Performance

AdvanSix stock opened at $29.79 on Tuesday. The stock has a market cap of $795.69 million, a price-to-earnings ratio of 99.30 and a beta of 1.69. The company has a quick ratio of 0.74, a current ratio of 1.39 and a debt-to-equity ratio of 0.31. AdvanSix Inc. has a 12-month low of $20.86 and a 12-month high of $32.04. The business’s 50-day simple moving average is $29.29 and its 200 day simple moving average is $26.57.

AdvanSix (NYSE:ASIX) last released its quarterly earnings data on Friday, August 2nd. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.35. The business had revenue of $453.48 million during the quarter, compared to the consensus estimate of $426.80 million. AdvanSix had a return on equity of 1.03% and a net margin of 0.57%. During the same quarter in the prior year, the company posted $1.18 earnings per share. As a group, research analysts anticipate that AdvanSix Inc. will post 1.67 earnings per share for the current year.

AdvanSix Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, November 12th. AdvanSix’s payout ratio is presently 213.34%.

Institutional Trading of AdvanSix

Several hedge funds have recently added to or reduced their stakes in ASIX. BNP Paribas Financial Markets boosted its holdings in shares of AdvanSix by 89.8% in the first quarter. BNP Paribas Financial Markets now owns 13,203 shares of the company’s stock valued at $378,000 after buying an additional 6,245 shares during the period. Empowered Funds LLC grew its position in shares of AdvanSix by 8.1% in the first quarter. Empowered Funds LLC now owns 132,554 shares of the company’s stock valued at $3,791,000 after purchasing an additional 9,975 shares during the last quarter. Inspire Advisors LLC acquired a new position in AdvanSix in the 1st quarter valued at $200,000. Russell Investments Group Ltd. grew its stake in shares of AdvanSix by 227.0% in the first quarter. Russell Investments Group Ltd. now owns 150,663 shares of the company’s stock valued at $4,309,000 after acquiring an additional 104,587 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of AdvanSix by 48.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,192 shares of the company’s stock worth $320,000 after purchasing an additional 3,630 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised AdvanSix from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

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.