New York State Teachers Retirement System Sells 1,500 Shares of AdvanSix Inc. (NYSE:ASIX)

New York State Teachers Retirement System lowered its position in shares of AdvanSix Inc. (NYSE:ASIX) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,659 shares of the company’s stock after selling 1,500 shares during the period. New York State Teachers Retirement System owned approximately 0.18% of AdvanSix worth $1,358,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP increased its position in shares of AdvanSix by 618.5% during the third quarter. Quantbot Technologies LP now owns 4,361 shares of the company’s stock valued at $132,000 after acquiring an additional 3,754 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of AdvanSix by 29.9% during the third quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock valued at $184,000 after acquiring an additional 1,396 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of AdvanSix during the third quarter valued at approximately $204,000. Summit Global Investments bought a new stake in shares of AdvanSix during the third quarter valued at approximately $233,000. Finally, Foundations Investment Advisors LLC bought a new stake in shares of AdvanSix during the fourth quarter valued at approximately $223,000. Institutional investors own 86.39% of the company’s stock.

Insider Activity

In other news, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 502,795 shares of the company’s stock, valued at $15,179,381.05. The trade was a 0.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.60% of the company’s stock.

AdvanSix Trading Up 1.6 %

NYSE:ASIX opened at $29.78 on Monday. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28. AdvanSix Inc. has a 12 month low of $20.86 and a 12 month high of $33.00. The company has a market cap of $796.02 million, a PE ratio of 21.12 and a beta of 1.76. The company has a 50 day simple moving average of $29.63 and a two-hundred day simple moving average of $29.75.

AdvanSix (NYSE:ASIX) last posted its earnings results on Friday, February 21st. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.40. AdvanSix had a net margin of 2.46% and a return on equity of 5.59%. The business had revenue of $329.06 million during the quarter, compared to the consensus estimate of $377.15 million. Research analysts forecast that AdvanSix Inc. will post 1.3 earnings per share for the current year.

AdvanSix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Monday, March 10th. AdvanSix’s payout ratio is 45.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ASIX shares. Piper Sandler raised their price target on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th.

AdvanSix 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.