Achilles B. Kintiroglou Sells 3,661 Shares of AdvanSix Inc. (NYSE:ASIX) Stock

AdvanSix Inc. (NYSE:ASIX) SVP Achilles B. Kintiroglou sold 3,661 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $25.23, for a total value of $92,367.03. Following the completion of the transaction, the senior vice president now owns 35,335 shares of the company’s stock, valued at $891,502.05. The transaction was disclosed in a filing with the SEC, which is available at this link.

AdvanSix Price Performance

ASIX opened at $22.13 on Monday. The stock has a market capitalization of $593.31 million, a PE ratio of 737.91 and a beta of 1.74. The stock’s 50 day moving average price is $26.94 and its 200-day moving average price is $27.06. AdvanSix Inc. has a 52-week low of $21.55 and a 52-week high of $40.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.58 and a current ratio of 1.17.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings results on Friday, February 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02. The company had revenue of $382.21 million during the quarter, compared to analyst estimates of $335.80 million. AdvanSix had a net margin of 3.56% and a return on equity of 6.98%. On average, equities research analysts predict that AdvanSix Inc. will post 1.04 EPS for the current year.

AdvanSix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Tuesday, May 14th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.89%. The ex-dividend date is Monday, May 13th. AdvanSix’s dividend payout ratio (DPR) is 2,134.04%.

Institutional Trading of AdvanSix

Institutional investors and hedge funds have recently bought and sold shares of the company. Donald Smith & CO. Inc. purchased a new stake in shares of AdvanSix during the fourth quarter valued at approximately $4,191,000. Wellington Management Group LLP purchased a new stake in AdvanSix during the 3rd quarter valued at $4,081,000. Richard Bernstein Advisors LLC bought a new stake in shares of AdvanSix in the 3rd quarter worth $2,370,000. Foundry Partners LLC raised its stake in shares of AdvanSix by 45.3% in the third quarter. Foundry Partners LLC now owns 135,634 shares of the company’s stock worth $4,216,000 after purchasing an additional 42,286 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of AdvanSix by 26.7% during the third quarter. Victory Capital Management Inc. now owns 2,177,830 shares of the company’s stock valued at $67,687,000 after purchasing an additional 458,622 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Stifel Nicolaus restated a “buy” rating and issued a $40.00 target price on shares of AdvanSix in a research report on Tuesday, April 9th.

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.