Achilles B. Kintiroglou Sells 350 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $30.18, for a total transaction of $10,563.00. Following the completion of the transaction, the senior vice president now owns 33,601 shares in the company, valued at $1,014,078.18. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

AdvanSix Trading Up 1.4 %

Shares of ASIX stock opened at $31.17 on Friday. AdvanSix Inc. has a fifty-two week low of $20.86 and a fifty-two week high of $31.69. The company has a 50 day moving average price of $28.64 and a 200 day moving average price of $26.21. The stock has a market capitalization of $835.95 million, a P/E ratio of 1,039.00 and a beta of 1.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.74 and a current ratio of 1.39.

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

AdvanSix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Tuesday, August 13th. AdvanSix’s payout ratio is presently 2,133.33%.

Wall Street Analyst Weigh In

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

Institutional Trading of AdvanSix

A number of large investors have recently made changes to their positions in the company. SummerHaven Investment Management LLC lifted its stake in AdvanSix by 3.4% in the second quarter. SummerHaven Investment Management LLC now owns 20,404 shares of the company’s stock worth $468,000 after acquiring an additional 672 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of AdvanSix in the 2nd quarter valued at $34,000. Acadian Asset Management LLC purchased a new stake in shares of AdvanSix during the 2nd quarter worth $36,000. CANADA LIFE ASSURANCE Co grew its stake in shares of AdvanSix by 8.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 24,305 shares of the company’s stock worth $694,000 after purchasing an additional 1,904 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AdvanSix during the second quarter worth $51,000. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

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.