UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in AdvanSix Inc. (NYSE:ASIX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of AdvanSix Inc. (NYSE:ASIX) by 9.9% in the 3rd quarter, Holdings Channel reports. The firm owned 55,201 shares of the company’s stock after selling 6,033 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in AdvanSix were worth $1,677,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in shares of AdvanSix during the second quarter worth $34,000. Acadian Asset Management LLC acquired a new position in AdvanSix during the second quarter worth about $36,000. Copeland Capital Management LLC acquired a new position in AdvanSix during the third quarter worth about $41,000. Allspring Global Investments Holdings LLC purchased a new stake in AdvanSix during the 2nd quarter valued at about $51,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in AdvanSix in the 2nd quarter valued at about $51,000. 86.39% of the stock is currently 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 stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $30.28, for a total value of $151,400.00. Following the transaction, the chief executive officer now directly owns 522,795 shares of the company’s stock, valued at $15,830,232.60. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Gramm sold 1,951 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $32.00, for a total transaction of $62,432.00. Following the completion of the transaction, the insider now owns 43,463 shares of the company’s stock, valued at $1,390,816. This represents a 4.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,369 shares of company stock worth $474,058 over the last 90 days. 5.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ASIX has been the subject of several recent research reports. Piper Sandler increased their price target on AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Friday, November 8th. StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th.

AdvanSix Stock Down 1.6 %

Shares of NYSE:ASIX opened at $30.46 on Tuesday. The firm’s 50-day moving average is $30.56 and its two-hundred day moving average is $27.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. AdvanSix Inc. has a 1 year low of $20.86 and a 1 year high of $33.00. The firm has a market capitalization of $814.20 million, a PE ratio of 21.60 and a beta of 1.73.

AdvanSix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a $0.16 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.64 annualized dividend and a yield of 2.10%. AdvanSix’s dividend payout ratio (DPR) is 45.39%.

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.