AdvanSix (NYSE:ASIX) Trading Up 2.3% – Still a Buy?

Shares of AdvanSix Inc. (NYSE:ASIX) were up 2.3% during mid-day trading on Monday . The company traded as high as $32.50 and last traded at $32.42. Approximately 23,077 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 141,233 shares. The stock had previously closed at $31.68.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Piper Sandler upped their price target on AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, November 8th.

AdvanSix Trading Down 0.9 %

The firm has a market capitalization of $845.23 million, a PE ratio of 22.56 and a beta of 1.69. The stock’s 50-day simple moving average is $30.06 and its 200-day simple moving average is $27.17. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34.

AdvanSix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.64 annualized dividend and a yield of 2.02%. AdvanSix’s payout ratio is 45.39%.

Insider Buying and Selling at AdvanSix

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction on Friday, November 1st. The stock was sold at an average price of $30.37, for a total transaction of $151,850.00. Following the completion of the transaction, the chief executive officer now owns 517,795 shares in the company, valued at approximately $15,725,434.15. The trade was a 0.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donald P. Newman bought 5,030 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $29.64 per share, for a total transaction of $149,089.20. Following the completion of the purchase, the director now owns 5,030 shares of the company’s stock, valued at approximately $149,089.20. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 15,369 shares of company stock valued at $474,058. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ASIX. Boston Partners bought a new stake in shares of AdvanSix during the first quarter valued at approximately $702,000. First Eagle Investment Management LLC increased its holdings in shares of AdvanSix by 33.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock worth $14,006,000 after purchasing an additional 151,470 shares in the last quarter. American Century Companies Inc. raised its stake in shares of AdvanSix by 5.4% in the second quarter. American Century Companies Inc. now owns 593,834 shares of the company’s stock worth $13,611,000 after purchasing an additional 30,500 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of AdvanSix by 45.2% in the second quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company’s stock worth $5,955,000 after purchasing an additional 80,915 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of AdvanSix during the second quarter valued at $34,000. 86.39% of the stock is owned by hedge funds and other institutional investors.

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.