Barclays PLC Grows Stock Holdings in AdvanSix Inc. (NYSE:ASIX)

Barclays PLC boosted its holdings in AdvanSix Inc. (NYSE:ASIX) by 319.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,952 shares of the company’s stock after buying an additional 32,706 shares during the period. Barclays PLC owned approximately 0.16% of AdvanSix worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. First Eagle Investment Management LLC grew its stake in AdvanSix by 33.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock valued at $14,006,000 after buying an additional 151,470 shares in the last quarter. Geode Capital Management LLC grew its stake in AdvanSix by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 598,485 shares of the company’s stock valued at $18,186,000 after buying an additional 8,903 shares in the last quarter. American Century Companies Inc. grew its stake in AdvanSix by 5.4% in the 2nd 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. FMR LLC grew its stake in AdvanSix by 86.2% in the 3rd quarter. FMR LLC now owns 565,982 shares of the company’s stock valued at $17,195,000 after buying an additional 261,964 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in AdvanSix by 48.6% in the 3rd quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock valued at $14,269,000 after buying an additional 153,686 shares in the last quarter. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

AdvanSix Stock Down 2.6 %

ASIX opened at $26.51 on Monday. The company has a fifty day moving average price of $29.93 and a 200-day moving average price of $28.57. The firm has a market capitalization of $708.64 million, a P/E ratio of 18.80 and a beta of 1.76. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. AdvanSix Inc. has a one year low of $20.86 and a one year high of $33.00.

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.41%. AdvanSix’s dividend payout ratio (DPR) is currently 45.39%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ASIX. Piper Sandler lifted their price objective on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of AdvanSix from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th.

Insider Buying and Selling

In related news, CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $28.15, for a total value of $140,750.00. Following the completion of the transaction, the chief executive officer now directly owns 507,795 shares in the company, valued at approximately $14,294,429.25. The trade was a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Gramm sold 2,435 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total transaction of $77,920.00. Following the completion of the transaction, the insider now owns 43,463 shares of the company’s stock, valued at $1,390,816. This trade represents a 5.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,749 shares of company stock worth $444,205. Corporate insiders own 5.60% of the company’s stock.

About AdvanSix

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.