AdvanSix Inc. (NYSE:ASIX) Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of AdvanSix Inc. (NYSE:ASIX) by 18.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,579,152 shares of the company’s stock after purchasing an additional 401,322 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of AdvanSix worth $77,271,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ASIX. Donald Smith & CO. Inc. acquired a new position in AdvanSix during the 4th quarter valued at about $4,191,000. Russell Investments Group Ltd. increased its stake in shares of AdvanSix by 29.6% during the fourth quarter. Russell Investments Group Ltd. now owns 46,076 shares of the company’s stock valued at $1,380,000 after acquiring an additional 10,510 shares during the period. New York State Common Retirement Fund raised its holdings in AdvanSix by 2.9% during the fourth quarter. New York State Common Retirement Fund now owns 24,364 shares of the company’s stock worth $730,000 after purchasing an additional 698 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in AdvanSix by 33.7% in the fourth quarter. Wedge Capital Management L L P NC now owns 17,421 shares of the company’s stock worth $522,000 after purchasing an additional 4,392 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AdvanSix by 16.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,208 shares of the company’s stock valued at $246,000 after purchasing an additional 1,146 shares in the last quarter. 86.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 3,661 shares of AdvanSix stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $25.23, for a total transaction of $92,367.03. Following the transaction, the senior vice president now owns 35,335 shares of the company’s stock, valued at approximately $891,502.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other AdvanSix news, SVP Achilles B. Kintiroglou sold 3,661 shares of AdvanSix stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $25.23, for a total transaction of $92,367.03. Following the completion of the sale, the senior vice president now owns 35,335 shares of the company’s stock, valued at approximately $891,502.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Erin N. Kane sold 5,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $28.30, for a total transaction of $141,500.00. Following the completion of the transaction, the chief executive officer now directly owns 557,755 shares in the company, valued at $15,784,466.50. The disclosure for this sale can be found here. Insiders sold 21,048 shares of company stock worth $578,848 over the last quarter. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 price target on shares of AdvanSix in a research report on Tuesday, April 9th.

AdvanSix Price Performance

Shares of NYSE:ASIX opened at $22.07 on Friday. The company has a market capitalization of $591.70 million, a PE ratio of 11.62 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.58 and a current ratio of 1.17. The stock has a fifty day moving average of $26.94 and a 200-day moving average of $27.09. AdvanSix Inc. has a one year low of $21.55 and a one year high of $40.85.

AdvanSix (NYSE:ASIX) last posted its quarterly earnings data on Friday, February 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02. AdvanSix had a return on equity of 6.98% and a net margin of 3.56%. The firm had revenue of $382.21 million for the quarter, compared to the consensus estimate of $335.80 million. As a group, equities analysts anticipate that AdvanSix Inc. will post 1.04 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.90%. The ex-dividend date was Friday, March 1st. AdvanSix’s dividend payout ratio (DPR) is currently 33.68%.

About AdvanSix

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.