Segall Bryant & Hamill LLC Has $1.44 Million Stock Position in AdvanSix Inc. (NYSE:ASIX)

Segall Bryant & Hamill LLC raised its position in shares of AdvanSix Inc. (NYSE:ASIX) by 299.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,601 shares of the company’s stock after acquiring an additional 37,940 shares during the period. Segall Bryant & Hamill LLC’s holdings in AdvanSix were worth $1,442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in shares of AdvanSix by 86.2% in the third quarter. FMR LLC now owns 565,982 shares of the company’s stock valued at $17,195,000 after acquiring an additional 261,964 shares in the last quarter. Prudential Financial Inc. grew its position in shares of AdvanSix by 90.2% during the 4th quarter. Prudential Financial Inc. now owns 402,250 shares of the company’s stock worth $11,460,000 after purchasing an additional 190,727 shares in the last quarter. Wellington Management Group LLP grew its position in shares of AdvanSix by 48.6% during the 3rd quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock worth $14,269,000 after purchasing an additional 153,686 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of AdvanSix by 15.8% during the fourth quarter. American Century Companies Inc. now owns 740,028 shares of the company’s stock worth $21,083,000 after purchasing an additional 100,841 shares during the period. Finally, Oliver Luxxe Assets LLC bought a new stake in shares of AdvanSix in the fourth quarter valued at approximately $1,403,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at AdvanSix

In related news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction that occurred on 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.60% of the company’s stock.

AdvanSix Price Performance

Shares of NYSE:ASIX opened at $22.57 on Friday. AdvanSix Inc. has a one year low of $20.86 and a one year high of $33.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.49. The company has a market cap of $603.61 million, a price-to-earnings ratio of 14.02 and a beta of 1.73. The firm has a 50 day simple moving average of $27.84 and a 200 day simple moving average of $29.09.

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

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Monday, March 10th. AdvanSix’s payout ratio is 39.75%.

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.