AdvanSix Inc (NYSE:ASIX) Director Daniel F. Sansone bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was acquired at an average price of $27.37 per share, for a total transaction of $109,480.00. Following the transaction, the director now owns 18,861 shares in the company, valued at $516,225.57. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
NYSE:ASIX traded down $0.36 during mid-day trading on Friday, hitting $26.47. 89,100 shares of the company’s stock were exchanged, compared to its average volume of 164,473. AdvanSix Inc has a one year low of $22.57 and a one year high of $41.45. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.05 and a quick ratio of 0.50. The firm has a market capitalization of $740.00 million, a P/E ratio of 12.67 and a beta of 2.09.
AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.39 by $0.29. AdvanSix had a net margin of 5.09% and a return on equity of 17.96%. The business had revenue of $314.90 million for the quarter, compared to analyst estimates of $340.87 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. AdvanSix’s quarterly revenue was down 12.3% on a year-over-year basis. On average, equities research analysts expect that AdvanSix Inc will post 2.5 earnings per share for the current fiscal year.
ASIX has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of AdvanSix from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 16th. ValuEngine lowered shares of AdvanSix from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $34.00.
A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in AdvanSix by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 1,592,172 shares of the company’s stock worth $54,054,000 after buying an additional 146,123 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in AdvanSix by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,005,807 shares of the company’s stock worth $28,736,000 after buying an additional 62,638 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in AdvanSix by 14.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 768,409 shares of the company’s stock worth $18,704,000 after buying an additional 94,694 shares during the last quarter. Norges Bank purchased a new position in AdvanSix in the fourth quarter worth about $16,966,000. Finally, Renaissance Technologies LLC raised its holdings in AdvanSix by 72.6% in the first quarter. Renaissance Technologies LLC now owns 438,100 shares of the company’s stock worth $12,517,000 after buying an additional 184,222 shares during the last quarter. 83.09% of the stock is currently owned by institutional investors and hedge funds.
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AdvanSix Inc manufactures and sells polymer resins. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone, which is used by customers in the production of adhesives, paints, coatings, solvents, herbicides, and other engineered plastic resins, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.
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