AdvanSix (NYSE:ASIX) Reaches New 1-Year Low – Should You Sell?

AdvanSix Inc. (NYSE:ASIX)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $18.44 and last traded at $18.72, with a volume of 281881 shares trading hands. The stock had previously closed at $19.21.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ASIX shares. Piper Sandler lowered AdvanSix from an “overweight” rating to a “neutral” rating and cut their target price for the company from $35.00 to $26.00 in a research note on Monday. StockNews.com cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, UBS Group set a $35.00 target price on shares of AdvanSix in a research report on Tuesday, March 18th.

AdvanSix Price Performance

The company’s 50-day simple moving average is $25.45 and its 200-day simple moving average is $28.53. The stock has a market capitalization of $537.42 million, a P/E ratio of 12.48 and a beta of 1.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.49.

AdvanSix (NYSE:ASIX) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.40. AdvanSix had a return on equity of 6.26% and a net margin of 2.91%. The business had revenue of $329.06 million during the quarter, compared to analysts’ expectations of $377.15 million. As a group, sell-side analysts expect that AdvanSix Inc. will post 4 EPS for the current fiscal year.

AdvanSix Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 3.18%. AdvanSix’s payout ratio is currently 39.75%.

Insider Transactions at AdvanSix

In related news, CEO Erin N. Kane sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $30.19, for a total value of $150,950.00. Following the completion of the transaction, the chief executive officer now directly owns 502,795 shares of the company’s stock, valued at approximately $15,179,381.05. This trade represents a 0.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Achilles B. Kintiroglou sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total transaction of $88,960.00. Following the sale, the senior vice president now directly owns 36,363 shares in the company, valued at $808,713.12. This trade represents a 9.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On AdvanSix

Several institutional investors and hedge funds have recently bought and sold shares of ASIX. Wellington Management Group LLP boosted its holdings in AdvanSix by 43.5% in the fourth quarter. Wellington Management Group LLP now owns 673,885 shares of the company’s stock valued at $19,199,000 after acquiring an additional 204,200 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of AdvanSix by 90.2% in the 4th quarter. Prudential Financial Inc. now owns 402,250 shares of the company’s stock worth $11,460,000 after purchasing an additional 190,727 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of AdvanSix by 441.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 219,310 shares of the company’s stock worth $6,248,000 after buying an additional 178,843 shares during the last quarter. American Century Companies Inc. increased its position in AdvanSix by 15.8% during the 4th quarter. American Century Companies Inc. now owns 740,028 shares of the company’s stock valued at $21,083,000 after buying an additional 100,841 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in AdvanSix during the fourth quarter valued at $2,803,000. 86.39% of the stock is currently owned by institutional investors.

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.