UBS Group AG Purchases 26,564 Shares of AdvanSix $ASIX

UBS Group AG boosted its position in AdvanSix (NYSE:ASIX) by 23.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 141,875 shares of the company’s stock after buying an additional 26,564 shares during the quarter. UBS Group AG’s holdings in AdvanSix were worth $2,454,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Invenomic Capital Management LP bought a new position in AdvanSix in the third quarter valued at about $6,054,000. SG Americas Securities LLC boosted its holdings in AdvanSix by 1,145.9% in the fourth quarter. SG Americas Securities LLC now owns 67,812 shares of the company’s stock valued at $1,173,000 after acquiring an additional 62,369 shares during the last quarter. American Century Companies Inc. boosted its holdings in AdvanSix by 9.3% in the third quarter. American Century Companies Inc. now owns 967,571 shares of the company’s stock valued at $18,752,000 after acquiring an additional 81,927 shares during the last quarter. Waterfront Wealth Inc. boosted its holdings in AdvanSix by 380.7% in the fourth quarter. Waterfront Wealth Inc. now owns 67,250 shares of the company’s stock valued at $1,141,000 after acquiring an additional 53,261 shares during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its holdings in AdvanSix by 15.1% in the fourth quarter. Deprince Race & Zollo Inc. now owns 293,768 shares of the company’s stock valued at $5,082,000 after acquiring an additional 38,611 shares during the last quarter. Institutional investors own 86.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ASIX. Wall Street Zen cut AdvanSix from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Loop Capital set a $25.00 price target on AdvanSix in a report on Thursday, March 12th. Weiss Ratings cut AdvanSix from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Truist Financial increased their target price on AdvanSix from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. Finally, Zacks Research raised AdvanSix to a “hold” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $22.50.

AdvanSix Stock Up 1.4%

Shares of ASIX stock opened at $22.57 on Wednesday. AdvanSix has a 12-month low of $14.10 and a 12-month high of $26.73. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $23.00 and a 200-day moving average of $19.20. The company has a market capitalization of $608.46 million, a price-to-earnings ratio of 61.00 and a beta of 1.33.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.02). The company had revenue of $404.18 million during the quarter, compared to the consensus estimate of $364.90 million. AdvanSix had a net margin of 0.67% and a return on equity of 2.18%. As a group, equities research analysts predict that AdvanSix will post 0.89 earnings per share for the current fiscal year.

AdvanSix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, May 19th. AdvanSix’s dividend payout ratio is currently 172.97%.

AdvanSix Company Profile

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.