BNP Paribas Financial Markets Raises Stock Holdings in AdvanSix Inc. (NYSE:ASIX)

BNP Paribas Financial Markets raised its stake in AdvanSix Inc. (NYSE:ASIX) by 120.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,855 shares of the company’s stock after buying an additional 10,284 shares during the quarter. BNP Paribas Financial Markets’ holdings in AdvanSix were worth $573,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ASIX. FMR LLC increased its position in AdvanSix by 86.2% during the 3rd quarter. FMR LLC now owns 565,982 shares of the company’s stock valued at $17,195,000 after buying an additional 261,964 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in AdvanSix by 33.0% in the second quarter. First Eagle Investment Management LLC now owns 611,077 shares of the company’s stock worth $14,006,000 after acquiring an additional 151,470 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of AdvanSix by 45.2% during the second quarter. Deprince Race & Zollo Inc. now owns 259,824 shares of the company’s stock worth $5,955,000 after acquiring an additional 80,915 shares during the last quarter. Millennium Management LLC increased its holdings in shares of AdvanSix by 83.8% during the second quarter. Millennium Management LLC now owns 139,277 shares of the company’s stock valued at $3,192,000 after acquiring an additional 63,489 shares in the last quarter. Finally, Sigma Planning Corp raised its position in shares of AdvanSix by 117.4% in the 3rd quarter. Sigma Planning Corp now owns 8,730 shares of the company’s stock valued at $265,000 after purchasing an additional 58,870 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors.

AdvanSix Trading Down 0.7 %

Shares of ASIX stock opened at $30.94 on Friday. The stock’s fifty day moving average is $30.56 and its two-hundred day moving average is $27.82. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.62 and a current ratio of 1.34. The firm has a market capitalization of $827.03 million, a P/E ratio of 21.94 and a beta of 1.73. AdvanSix Inc. has a fifty-two week low of $20.86 and a fifty-two week high of $33.00.

AdvanSix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 12th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, November 12th. AdvanSix’s dividend payout ratio is currently 45.39%.

Analyst Ratings Changes

Several research firms have weighed in on ASIX. Piper Sandler boosted their target price on shares of AdvanSix from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. StockNews.com raised shares of AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th.

Insider Buying and Selling at AdvanSix

In other news, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $30.37, for a total transaction of $151,850.00. Following the transaction, the chief executive officer now directly owns 517,795 shares in the company, valued at approximately $15,725,434.15. This trade represents a 0.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher Gramm sold 2,435 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $32.00, for a total value of $77,920.00. Following the transaction, the insider now directly owns 43,463 shares in the company, valued at approximately $1,390,816. This represents a 5.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,369 shares of company stock worth $474,058 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

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.