Teacher Retirement System of Texas Purchases Shares of 38,301 AdvanSix Inc. (NYSE:ASIX)

Teacher Retirement System of Texas acquired a new position in AdvanSix Inc. (NYSE:ASIX) during the fourth quarter, HoldingsChannel reports. The firm acquired 38,301 shares of the company’s stock, valued at approximately $1,091,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaQuest LLC purchased a new stake in AdvanSix during the 4th quarter worth $94,000. Quantbot Technologies LP lifted its stake in shares of AdvanSix by 618.5% during the third quarter. Quantbot Technologies LP now owns 4,361 shares of the company’s stock worth $132,000 after purchasing an additional 3,754 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of AdvanSix by 29.9% in the third quarter. Public Employees Retirement System of Ohio now owns 6,067 shares of the company’s stock worth $184,000 after buying an additional 1,396 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of AdvanSix in the third quarter valued at about $204,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of AdvanSix during the 4th quarter valued at about $223,000. 86.39% of the stock is owned by institutional investors and hedge funds.

AdvanSix Stock Performance

Shares of ASIX opened at $22.57 on Friday. The firm has a market cap of $603.61 million, a price-to-earnings ratio of 14.02 and a beta of 1.73. The company has a quick ratio of 0.49, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $27.84 and its two-hundred day moving average is $29.10. AdvanSix Inc. has a 52-week low of $20.86 and a 52-week high of $33.00.

AdvanSix (NYSE:ASIX) last posted 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. The firm had revenue of $329.06 million for the quarter, compared to analysts’ expectations of $377.15 million. AdvanSix had a net margin of 2.91% and a return on equity of 6.26%. Analysts forecast that AdvanSix Inc. will post 4 EPS for the current fiscal year.

AdvanSix Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.16 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.64 dividend on an annualized basis and a yield of 2.84%. AdvanSix’s dividend payout ratio (DPR) is 39.75%.

Insider Activity at AdvanSix

In other AdvanSix news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction 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 owns 502,795 shares of the company’s stock, valued at $15,179,381.05. The trade was a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ASIX shares. Piper Sandler decreased their price target on AdvanSix from $39.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. StockNews.com lowered shares of AdvanSix from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, UBS Group set a $35.00 price objective on shares of AdvanSix in a report on Tuesday, March 18th.

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.