Public Sector Pension Investment Board Has $1.92 Million Position in AdvanSix $ASIX

Public Sector Pension Investment Board increased its position in AdvanSix (NYSE:ASIX) by 26.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,786 shares of the company’s stock after buying an additional 17,916 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of AdvanSix worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of AdvanSix by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 135,127 shares of the company’s stock valued at $3,850,000 after buying an additional 450 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of AdvanSix by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,543 shares of the company’s stock valued at $414,000 after buying an additional 508 shares during the period. Nilsine Partners LLC increased its position in AdvanSix by 2.8% during the 1st quarter. Nilsine Partners LLC now owns 21,891 shares of the company’s stock valued at $496,000 after purchasing an additional 603 shares during the period. Two Sigma Advisers LP increased its position in AdvanSix by 2.8% during the 4th quarter. Two Sigma Advisers LP now owns 29,300 shares of the company’s stock valued at $835,000 after purchasing an additional 800 shares during the period. Finally, GAMMA Investing LLC increased its position in AdvanSix by 149.5% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock valued at $45,000 after purchasing an additional 1,178 shares during the period. Institutional investors and hedge funds own 86.39% of the company’s stock.

Wall Street Analyst Weigh In

ASIX has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Piper Sandler set a $32.00 target price on shares of AdvanSix in a research report on Monday, May 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, AdvanSix has a consensus rating of “Buy” and an average target price of $33.50.

AdvanSix Price Performance

AdvanSix stock opened at $20.0410 on Thursday. The stock has a market capitalization of $537.90 million, a price-to-earnings ratio of 7.06 and a beta of 1.60. AdvanSix has a 52-week low of $17.97 and a 52-week high of $33.00. The stock’s 50 day moving average price is $22.10 and its two-hundred day moving average price is $23.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.66 and a current ratio of 1.35.

AdvanSix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, August 12th. AdvanSix’s dividend payout ratio is presently 22.54%.

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.