Barclays PLC Has $1.31 Million Position in AdvanSix Inc. (NYSE:ASIX)

Barclays PLC raised its stake in AdvanSix Inc. (NYSE:ASIX) by 319.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 42,952 shares of the company’s stock after acquiring an additional 32,706 shares during the quarter. Barclays PLC’s holdings in AdvanSix were worth $1,305,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new position in shares of AdvanSix in the 2nd quarter worth $34,000. Acadian Asset Management LLC acquired a new position in AdvanSix during the second quarter worth $36,000. Copeland Capital Management LLC bought a new position in shares of AdvanSix in the third quarter valued at $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AdvanSix during the second quarter valued at about $51,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of AdvanSix during the second quarter worth about $51,000. Institutional investors and hedge funds own 86.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Donald P. Newman purchased 5,030 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $29.64 per share, for a total transaction of $149,089.20. Following the purchase, the director now owns 5,030 shares of the company’s stock, valued at $149,089.20. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Gramm sold 1,951 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $32.00, for a total transaction of $62,432.00. Following 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. In the last ninety days, insiders sold 15,369 shares of company stock valued at $474,058. Corporate insiders own 5.60% of the company’s stock.

AdvanSix Price Performance

ASIX opened at $28.16 on Friday. AdvanSix Inc. has a 1 year low of $20.86 and a 1 year high of $33.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.62. The company has a market capitalization of $752.74 million, a price-to-earnings ratio of 19.97 and a beta of 1.73. The firm’s fifty day moving average price is $30.18 and its two-hundred day moving average price is $28.19.

AdvanSix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.27%. The ex-dividend date was Tuesday, November 12th. AdvanSix’s dividend payout ratio (DPR) is presently 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.