Boston Partners lessened its holdings in shares of AdvanSix Inc. (NYSE:ASIX) by 23.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,838 shares of the company’s stock after selling 29,979 shares during the quarter. Boston Partners owned approximately 0.31% of AdvanSix worth $3,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the company. Prudential Financial Inc. boosted its stake in shares of AdvanSix by 29.6% during the 3rd quarter. Prudential Financial Inc. now owns 241,323 shares of the company’s stock worth $9,594,000 after acquiring an additional 55,140 shares during the last quarter. SOL Capital Management CO purchased a new position in shares of AdvanSix during the 3rd quarter worth $244,000. Crossmark Global Holdings Inc. purchased a new position in shares of AdvanSix during the 3rd quarter worth $563,000. Terra Nova Asset Management LLC boosted its stake in shares of AdvanSix by 72.1% during the 3rd quarter. Terra Nova Asset Management LLC now owns 20,751 shares of the company’s stock worth $825,000 after acquiring an additional 8,691 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of AdvanSix by 36.9% during the 3rd quarter. Nationwide Fund Advisors now owns 23,230 shares of the company’s stock worth $923,000 after acquiring an additional 6,260 shares during the last quarter. Institutional investors and hedge funds own 71.99% of the company’s stock.
Several brokerages have recently weighed in on ASIX. BidaskClub upgraded shares of AdvanSix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 23rd. Zacks Investment Research upgraded shares of AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, September 12th. Finally, Cowen and Company raised their price objective on shares of AdvanSix from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, October 6th.
Shares of AdvanSix Inc. (ASIX) opened at $42.79 on Friday. The company has a market cap of $1,304.37, a price-to-earnings ratio of 25.62 and a beta of 3.87. AdvanSix Inc. has a 52-week low of $16.50 and a 52-week high of $46.51. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.93 and a current ratio of 1.39.
In other news, Director Michael Marberry acquired 539 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were purchased at an average cost of $46.41 per share, for a total transaction of $25,014.99. Following the transaction, the director now directly owns 16,420 shares of the company’s stock, valued at $762,052.20. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought a total of 1,946 shares of company stock worth $74,948 over the last 90 days. Insiders own 2.70% of the company’s stock.
AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.
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