AdvanSix (NYSE:ASIX) Stock Price Up 5.4%

AdvanSix Inc. (NYSE:ASIX) shares rose 5.4% during mid-day trading on Tuesday . The company traded as high as $29.50 and last traded at $29.50. Approximately 42,695 shares traded hands during trading, a decline of 73% from the average daily volume of 157,614 shares. The stock had previously closed at $27.99.

Analyst Ratings Changes

Separately, Stifel Nicolaus restated a “buy” rating and set a $40.00 target price on shares of AdvanSix in a research report on Tuesday.

AdvanSix Stock Down 4.3 %

The company has a current ratio of 1.17, a quick ratio of 0.58 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average price is $27.07 and its 200-day moving average price is $27.48. The company has a market cap of $755.34 million, a price-to-earnings ratio of 14.89 and a beta of 1.73.

AdvanSix (NYSE:ASIX) last posted its earnings results on Friday, February 16th. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.02. AdvanSix had a return on equity of 6.98% and a net margin of 3.56%. The firm had revenue of $382.21 million for the quarter, compared to analyst estimates of $335.80 million. Sell-side analysts predict that AdvanSix Inc. will post 0.94 earnings per share for the current year.

AdvanSix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a $0.16 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.64 annualized dividend and a dividend yield of 2.26%. AdvanSix’s dividend payout ratio is presently 33.68%.

Insider Buying and Selling

In other AdvanSix news, CEO Erin N. Kane sold 3,002 shares of AdvanSix stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $28.08, for a total value of $84,296.16. Following the transaction, the chief executive officer now owns 552,755 shares of the company’s stock, valued at $15,521,360.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other AdvanSix news, CEO Erin N. Kane sold 3,002 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $28.08, for a total transaction of $84,296.16. Following the completion of the transaction, the chief executive officer now owns 552,755 shares in the company, valued at approximately $15,521,360.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $27.69, for a total value of $110,760.00. Following the transaction, the senior vice president now directly owns 38,996 shares of the company’s stock, valued at $1,079,799.24. The disclosure for this sale can be found here. In the last three months, insiders sold 17,387 shares of company stock valued at $486,481. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of AdvanSix

A number of hedge funds and other institutional investors have recently made changes to their positions in ASIX. Credit Suisse AG boosted its holdings in AdvanSix by 1.2% during the third quarter. Credit Suisse AG now owns 23,362 shares of the company’s stock worth $750,000 after purchasing an additional 284 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of AdvanSix by 0.5% during the 4th quarter. Legal & General Group Plc now owns 66,874 shares of the company’s stock worth $2,543,000 after buying an additional 312 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of AdvanSix by 1.6% in the 1st quarter. Royal Bank of Canada now owns 21,850 shares of the company’s stock valued at $1,116,000 after acquiring an additional 350 shares in the last quarter. First Trust Advisors LP increased its position in shares of AdvanSix by 1.3% in the first quarter. First Trust Advisors LP now owns 28,073 shares of the company’s stock valued at $1,074,000 after acquiring an additional 367 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in AdvanSix by 2.0% during the fourth quarter. SG Americas Securities LLC now owns 19,900 shares of the company’s stock worth $596,000 after acquiring an additional 388 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

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.