AdvanSix Inc. (NYSE:ASIX – Get Free Report) CEO Erin N. Kane sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $30.28, for a total transaction of $151,400.00. Following the transaction, the chief executive officer now owns 522,795 shares in the company, valued at approximately $15,830,232.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
AdvanSix Stock Up 1.4 %
AdvanSix stock opened at $31.17 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.39 and a debt-to-equity ratio of 0.31. AdvanSix Inc. has a 12-month low of $20.86 and a 12-month high of $31.69. The firm’s fifty day moving average is $28.64 and its 200 day moving average is $26.21. The company has a market capitalization of $835.95 million, a PE ratio of 1,039.00 and a beta of 1.69.
AdvanSix (NYSE:ASIX – Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.35. AdvanSix had a net margin of 0.57% and a return on equity of 1.03%. The firm had revenue of $453.48 million for the quarter, compared to the consensus estimate of $426.80 million. During the same quarter in the prior year, the company posted $1.18 earnings per share. As a group, sell-side analysts predict that AdvanSix Inc. will post 1.67 EPS for the current fiscal year.
AdvanSix Announces Dividend
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in AdvanSix during the third quarter worth $285,000. Point72 DIFC Ltd bought a new stake in shares of AdvanSix in the 2nd quarter worth $34,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AdvanSix in the 2nd quarter worth $51,000. Point72 Asset Management L.P. bought a new stake in shares of AdvanSix in the 2nd quarter worth $55,000. Finally, Algert Global LLC grew its stake in shares of AdvanSix by 200.6% in the 2nd quarter. Algert Global LLC now owns 59,153 shares of the company’s stock worth $1,356,000 after acquiring an additional 39,473 shares in the last quarter. Institutional investors and hedge funds own 86.39% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of AdvanSix from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.
Get Our Latest Stock Report on ASIX
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.
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