Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in AdvanSix Inc. (NYSE:ASIX)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of AdvanSix Inc. (NYSE:ASIX) by 16.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,208 shares of the company’s stock after buying an additional 1,146 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AdvanSix were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC lifted its holdings in shares of AdvanSix by 2.0% in the 4th quarter. SG Americas Securities LLC now owns 19,900 shares of the company’s stock valued at $596,000 after purchasing an additional 388 shares during the last quarter. Strs Ohio lifted its holdings in shares of AdvanSix by 2.6% in the 3rd quarter. Strs Ohio now owns 20,100 shares of the company’s stock valued at $624,000 after purchasing an additional 500 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in shares of AdvanSix in the 4th quarter valued at about $27,000. Swiss National Bank lifted its holdings in shares of AdvanSix by 1.8% in the 3rd quarter. Swiss National Bank now owns 60,600 shares of the company’s stock valued at $1,883,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of AdvanSix by 10.9% in the 3rd quarter. Inspire Investing LLC now owns 11,222 shares of the company’s stock valued at $349,000 after purchasing an additional 1,103 shares during the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $28.30, for a total value of $141,500.00. Following the sale, the chief executive officer now owns 557,755 shares in the company, valued at approximately $15,784,466.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Achilles B. Kintiroglou sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $27.69, for a total value of $110,760.00. Following the sale, the senior vice president now owns 38,996 shares of the company’s stock, valued at approximately $1,079,799.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $28.30, for a total value of $141,500.00. Following the completion of the sale, the chief executive officer now directly owns 557,755 shares in the company, valued at approximately $15,784,466.50. The disclosure for this sale can be found here. Insiders have sold a total of 21,048 shares of company stock worth $578,848 in the last quarter. Company insiders own 5.20% of the company’s stock.

AdvanSix Stock Up 4.9 %

ASIX opened at $23.21 on Tuesday. The business has a 50 day moving average price of $26.86 and a two-hundred day moving average price of $27.03. The company has a quick ratio of 0.71, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The company has a market cap of $622.26 million, a PE ratio of 773.92 and a beta of 1.74. AdvanSix Inc. has a 52 week low of $21.55 and a 52 week high of $40.85.

AdvanSix (NYSE:ASIX) last released its 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. AdvanSix had a return on equity of 0.06% and a net margin of 0.15%. The company had revenue of $382.21 million for the quarter, compared to analysts’ expectations of $335.80 million. As a group, research analysts anticipate that AdvanSix Inc. will post 1.04 EPS for the current year.

AdvanSix Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders 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 2.76%. The ex-dividend date of this dividend is Monday, May 13th. AdvanSix’s payout ratio is 2,134.04%.

Wall Street Analyst Weigh In

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

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.