35,119 Shares in AdvanSix $ASIX Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in shares of AdvanSix (NYSE:ASIX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 35,119 shares of the company’s stock, valued at approximately $612,000. Hsbc Holdings PLC owned 0.13% of AdvanSix as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its stake in shares of AdvanSix by 60.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,285 shares of the company’s stock worth $31,000 after acquiring an additional 483 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of AdvanSix by 4.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,147 shares of the company’s stock valued at $343,000 after purchasing an additional 604 shares in the last quarter. Sheets Smith Wealth Management raised its holdings in AdvanSix by 3.8% in the 4th quarter. Sheets Smith Wealth Management now owns 17,878 shares of the company’s stock worth $309,000 after purchasing an additional 659 shares during the period. The Manufacturers Life Insurance Company boosted its position in AdvanSix by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 9,862 shares of the company’s stock worth $234,000 after purchasing an additional 746 shares in the last quarter. Finally, Mariner LLC grew its holdings in AdvanSix by 10.2% in the fourth quarter. Mariner LLC now owns 11,065 shares of the company’s stock valued at $191,000 after purchasing an additional 1,023 shares during the period. Hedge funds and other institutional investors own 86.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ASIX. Weiss Ratings downgraded AdvanSix from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research upgraded shares of AdvanSix to a “hold” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $22.50.

AdvanSix Stock Down 1.6%

NYSE ASIX opened at $20.68 on Thursday. The business has a fifty day moving average price of $21.25 and a 200 day moving average price of $20.50. AdvanSix has a one year low of $14.10 and a one year high of $26.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 1.23. The company has a market cap of $557.67 million, a P/E ratio of 55.91 and a beta of 1.30.

AdvanSix (NYSE:ASIX) last announced its earnings results on Friday, May 8th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.02). The business had revenue of $404.18 million for the quarter, compared to analyst estimates of $364.90 million. AdvanSix had a return on equity of 2.18% and a net margin of 0.67%. Research analysts anticipate that AdvanSix will post 0.85 EPS for the current fiscal year.

AdvanSix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a $0.16 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.64 dividend on an annualized basis and a yield of 3.1%. AdvanSix’s dividend payout ratio is presently 172.97%.

About AdvanSix

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.