AdvanSix Inc. (NYSE:ASIX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in AdvanSix Inc. (NYSE:ASIX) by 4.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 22,264 shares of the company’s stock after selling 1,119 shares during the period. Thrivent Financial for Lutherans owned 0.08% of AdvanSix worth $510,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in AdvanSix in the 2nd quarter worth about $36,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of AdvanSix in the second quarter worth approximately $51,000. Inspire Advisors LLC purchased a new stake in AdvanSix in the first quarter valued at approximately $200,000. Price T Rowe Associates Inc. MD purchased a new stake in AdvanSix in the first quarter valued at approximately $215,000. Finally, Quadrature Capital Ltd increased its position in AdvanSix by 37.1% during the fourth quarter. Quadrature Capital Ltd now owns 8,989 shares of the company’s stock worth $269,000 after purchasing an additional 2,434 shares during the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Insider Activity at AdvanSix

In related news, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total transaction of $151,400.00. Following the transaction, the chief executive officer now directly owns 522,795 shares of the company’s stock, valued at approximately $15,830,232.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Erin N. Kane sold 1,558 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were 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 of the company’s stock, valued at approximately $14,955,649.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $30.28, for a total transaction of $151,400.00. Following the completion of the transaction, the chief executive officer now owns 522,795 shares in the company, valued at $15,830,232.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,528 shares of company stock worth $223,800. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

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

AdvanSix Stock Performance

NYSE ASIX opened at $30.64 on Wednesday. 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 1-year low of $20.86 and a 1-year high of $32.04. The firm has a market capitalization of $821.73 million, a P/E ratio of 1,021.33 and a beta of 1.68. The business’s 50-day simple moving average is $28.87 and its 200-day simple moving average is $26.31.

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

AdvanSix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.09%. AdvanSix’s dividend payout ratio (DPR) is 2,133.33%.

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.