First Eagle Investment Management LLC Has $14.01 Million Stock Position in AdvanSix Inc. (NYSE:ASIX)

First Eagle Investment Management LLC raised its holdings in AdvanSix Inc. (NYSE:ASIX) by 33.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 611,077 shares of the company’s stock after purchasing an additional 151,470 shares during the quarter. First Eagle Investment Management LLC owned 2.28% of AdvanSix worth $14,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Donald Smith & CO. Inc. boosted its stake in shares of AdvanSix by 4.2% in the 2nd quarter. Donald Smith & CO. Inc. now owns 168,600 shares of the company’s stock valued at $3,864,000 after purchasing an additional 6,768 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in AdvanSix by 3.7% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 286,464 shares of the company’s stock valued at $6,566,000 after purchasing an additional 10,232 shares during the last quarter. American Century Companies Inc. boosted its position in AdvanSix by 5.4% in the second quarter. American Century Companies Inc. now owns 593,834 shares of the company’s stock valued at $13,611,000 after buying an additional 30,500 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of AdvanSix by 19.4% during the second quarter. Texas Permanent School Fund Corp now owns 27,990 shares of the company’s stock worth $642,000 after buying an additional 4,556 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of AdvanSix during the second quarter worth $36,000. Institutional investors own 86.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at AdvanSix

In other AdvanSix news, CEO Erin N. Kane sold 1,558 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $27.89, for a total transaction of $43,452.62. Following the completion of the sale, the chief executive officer now directly owns 536,237 shares in the company, valued at approximately $14,955,649.93. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 2,258 shares of company stock worth $61,247 over the last quarter. Company insiders own 5.60% of the company’s stock.

AdvanSix Stock Up 2.5 %

NYSE:ASIX opened at $29.12 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.39 and a quick ratio of 0.74. AdvanSix Inc. has a one year low of $20.86 and a one year high of $31.57. The company has a market cap of $780.97 million, a PE ratio of 970.67 and a beta of 1.69. The firm’s 50 day simple moving average is $27.84 and its 200 day simple moving average is $25.99.

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

AdvanSix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Tuesday, August 13th. AdvanSix’s dividend payout ratio is presently 2,133.33%.

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.