Universal Beteiligungs und Servicegesellschaft mbH Lowers Position in AdvanSix $ASIX

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in AdvanSix (NYSE:ASIX) by 31.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 89,614 shares of the company’s stock after selling 40,406 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in AdvanSix were worth $1,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ASIX. Royal Bank of Canada lifted its holdings in AdvanSix by 23.2% in the first quarter. Royal Bank of Canada now owns 18,990 shares of the company’s stock worth $430,000 after buying an additional 3,575 shares during the period. AQR Capital Management LLC lifted its holdings in AdvanSix by 35.7% in the first quarter. AQR Capital Management LLC now owns 74,743 shares of the company’s stock worth $1,693,000 after buying an additional 19,668 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in AdvanSix by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,147 shares of the company’s stock worth $343,000 after buying an additional 604 shares during the period. Creative Planning lifted its holdings in AdvanSix by 13.2% in the second quarter. Creative Planning now owns 11,961 shares of the company’s stock worth $284,000 after buying an additional 1,399 shares during the period. Finally, First Trust Advisors LP lifted its holdings in AdvanSix by 3.2% in the second quarter. First Trust Advisors LP now owns 120,113 shares of the company’s stock worth $2,853,000 after buying an additional 3,696 shares during the period. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ASIX. Wall Street Zen raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings raised shares of AdvanSix from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Truist Financial raised their target price on shares of AdvanSix from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Monday, February 23rd. Finally, Loop Capital set a $25.00 target price on shares of AdvanSix in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $25.67.

AdvanSix Price Performance

Shares of ASIX opened at $25.44 on Friday. The company has a market capitalization of $683.65 million, a P/E ratio of 14.06 and a beta of 1.33. The company has a quick ratio of 0.52, a current ratio of 1.13 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $21.87 and a 200 day moving average of $18.86. AdvanSix has a twelve month low of $14.10 and a twelve month high of $25.94.

AdvanSix (NYSE:ASIX) last announced its quarterly earnings results on Friday, February 20th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. The company had revenue of $359.95 million during the quarter, compared to the consensus estimate of $340.85 million. AdvanSix had a net margin of 3.24% and a return on equity of 6.97%.

AdvanSix Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.64 annualized dividend and a dividend yield of 2.5%. AdvanSix’s dividend payout ratio (DPR) is 35.36%.

About AdvanSix

AdvanSix, Inc (NYSE: ASIX) is an integrated chemical manufacturer specializing in the production of nylon 6 intermediates and related co‐products. Established as a publicly traded spin‐off from Honeywell Specialty Chemicals in June 2016, the company is headquartered in Parsippany, New Jersey.

The company’s principal product is caprolactam, the key building block for nylon 6 resin, used in fibers and engineering plastics across industries. In addition to caprolactam and nylon 6 resin, AdvanSix produces ammonium sulfate fertilizer and industrial chemicals such as phenol and acetone.