AdvanSix Inc. (NYSE:ASIX) Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its holdings in AdvanSix Inc. (NYSE:ASIX) by 44.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,900 shares of the company’s stock after selling 8,800 shares during the period. TD Asset Management Inc’s holdings in AdvanSix were worth $250,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. First Eagle Investment Management LLC grew its holdings in AdvanSix by 12.8% during the 1st quarter. First Eagle Investment Management LLC now owns 459,607 shares of the company’s stock worth $13,145,000 after acquiring an additional 52,200 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of AdvanSix by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 437,393 shares of the company’s stock worth $13,104,000 after purchasing an additional 24,543 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of AdvanSix by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 359,377 shares of the company’s stock worth $8,237,000 after purchasing an additional 7,925 shares in the last quarter. Wellington Management Group LLP increased its holdings in AdvanSix by 39.8% in the fourth quarter. Wellington Management Group LLP now owns 183,499 shares of the company’s stock valued at $5,498,000 after buying an additional 52,199 shares during the last quarter. Finally, Donald Smith & CO. Inc. increased its holdings in AdvanSix by 15.7% in the first quarter. Donald Smith & CO. Inc. now owns 161,832 shares of the company’s stock valued at $4,628,000 after buying an additional 21,932 shares during the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.

AdvanSix Price Performance

Shares of NYSE:ASIX opened at $27.81 on Tuesday. The firm has a market capitalization of $742.81 million, a P/E ratio of 927.31 and a beta of 1.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.39 and a quick ratio of 0.74. AdvanSix Inc. has a 12 month low of $20.86 and a 12 month high of $31.97. The company’s fifty day moving average price is $27.43 and its 200 day moving average price is $25.95.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, August 2nd. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.35. AdvanSix had a return on equity of 1.03% and a net margin of 0.57%. The company had revenue of $453.48 million during the quarter, compared to analysts’ expectations of $426.80 million. During the same period last year, the firm earned $1.18 EPS. As a group, sell-side analysts predict that AdvanSix Inc. will post 1.67 earnings per share for the current fiscal year.

AdvanSix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.30%. AdvanSix’s payout ratio is 2,134.04%.

Insider Buying and Selling at AdvanSix

In related news, CEO Erin N. Kane sold 1,558 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $27.89, for a total value of $43,452.62. Following the sale, the chief executive officer now directly owns 536,237 shares of the company’s stock, valued at approximately $14,955,649.93. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 2,258 shares of company stock valued at $61,247. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

AdvanSix 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.