AdvanSix (NYSE:ASIX) Cut to Hold at StockNews.com

StockNews.com cut shares of AdvanSix (NYSE:ASIX) from a buy rating to a hold rating in a research note published on Monday morning.

Separately, Piper Sandler raised their price objective 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 Up 0.8 %

Shares of AdvanSix stock opened at $30.30 on Monday. The firm has a market cap of $809.92 million, a price-to-earnings ratio of 21.49 and a beta of 1.69. The business has a 50-day moving average price of $29.51 and a 200-day moving average price of $26.77. The company has a quick ratio of 0.62, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. AdvanSix has a twelve month low of $20.86 and a twelve month high of $32.04.

AdvanSix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, November 12th. AdvanSix’s payout ratio is 45.39%.

Insider Activity at AdvanSix

In related news, CEO Erin N. Kane sold 5,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $30.28, for a total value of $151,400.00. Following the completion of the transaction, the chief executive officer now owns 522,795 shares of the company’s stock, valued at approximately $15,830,232.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Christopher Gramm sold 2,435 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $32.00, for a total value of $77,920.00. Following the completion of the transaction, the insider now owns 43,463 shares of the company’s stock, valued at approximately $1,390,816. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 13,418 shares of company stock valued at $411,626. Insiders own 5.60% of the company’s stock.

Institutional Trading of AdvanSix

Institutional investors have recently added to or reduced their stakes in the company. Copeland Capital Management LLC bought a new stake in AdvanSix in the third quarter worth about $41,000. Point72 DIFC Ltd bought a new stake in AdvanSix in the second quarter worth about $34,000. Acadian Asset Management LLC bought a new stake in AdvanSix in the second quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in AdvanSix in the second quarter worth about $51,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in AdvanSix in the second quarter worth about $51,000. Institutional investors own 86.39% of the company’s stock.

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.