1 week Ago By Defense World Staff
Corebridge Financial Inc. trimmed its position in AdvanSix Inc. (NYSE:ASIX – Free Report) by 7.
3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,645 shares of the company’s stock after selling 1,067 shares during the quarter. Corebridge Financial Inc.
owned approximately 0.05% of AdvanSix worth $389,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds have also made changes to their positions in the company.
Vanguard Group Inc. increased its stake 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. KLP Kapitalforvaltning AS acquired a new stake in AdvanSix during the fourth quarter worth about $137,000.
Sei Investments Co. lifted its holdings in AdvanSix by 61.8% in the fourth quarter.
Sei Investments Co. now owns 15,938 shares of the company’s stock worth $454,000 after acquiring an additional 6,087 shares during the last quarter. American Century Companies Inc.
boosted its stake in AdvanSix by 15.8% in the fourth 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 period. Finally, Teacher Retirement System of Texas bought a new position in shares of AdvanSix during the fourth quarter valued at approximately $1,091,000. 86.
39% of the stock is owned by institutional investors and hedge funds. AdvanSix Stock PerformanceShares of ASIX stock opened at $21.12 on Thursday.
AdvanSix Inc. has a 12-month low of $18.44 and a 12-month 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 firm has a market capitalization of $564.
83 million, a price-to-earnings ratio of 13.12 and a beta of 1.64.
The business has a 50 day simple moving average of $25.66 and a 200 day simple moving average of $28.59.
AdvanSix (NYSE:ASIX – Get Free Report) last released its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share (EPS) for the quarter, topping 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 company had revenue of $329.
06 million during the quarter, compared to analysts’ expectations of $377.15 million. On average, equities research analysts anticipate that AdvanSix Inc.
will post 4 EPS for the current year. AdvanSix Dividend AnnouncementThe business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.
16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.
64 annualized dividend and a yield of 3.03%. AdvanSix’s payout ratio is 39.
75%. Insiders Place Their BetsIn related news, SVP Achilles B. Kintiroglou sold 4,000 shares of AdvanSix stock in a transaction dated Tuesday, April 1st.
The stock was sold at an average price of $22.24, for a total transaction of $88,960.00.
Following the transaction, the senior vice president now directly owns 36,363 shares of the company’s stock, valued at $808,713.12. The trade was a 9.
91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Erin N.
Kane sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $30.19, for a total transaction of $150,950.
00. Following the completion of the sale, the chief executive officer now owns 502,795 shares in the company, valued at approximately $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 insiders. Analyst Upgrades and DowngradesASIX has been the subject of a number of analyst reports.
StockNews.com lowered AdvanSix from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. UBS Group set a $35.
00 price target on shares of AdvanSix in a report on Tuesday, March 18th. Finally, Piper Sandler cut shares of AdvanSix from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $26.
00 in a report on Monday.Check Out Our Latest Report on AdvanSixAdvanSix Profile (Free Report)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.Featured ArticlesFive stocks we like better than AdvanSixThe Significance of Brokerage Rankings in Stock SelectionQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreHow to Invest in Biotech StocksAre Tariffs Threatening Disney’s Comeback Story?How to find penny stocks to invest and trade Is Alphabet a Generational Buying Opportunity at These Levels?.
