Voya Investment Management LLC Invests $835,000 in AdvanSix $ASIX

by · The Cerbat Gem

Voya Investment Management LLC purchased a new position in AdvanSix (NYSE:ASIX – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 43,060 shares of the company’s stock, valued at approximately $835,000. Voya Investment Management LLC owned about 0.16% of AdvanSix as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of AdvanSix in the second quarter worth $29,000. Osaic Holdings Inc. boosted its stake in AdvanSix by 60.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,285 shares of the company’s stock worth $31,000 after purchasing an additional 483 shares in the last quarter. Tower Research Capital LLC TRC grew its position in AdvanSix by 144.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,385 shares of the company’s stock valued at $57,000 after purchasing an additional 1,408 shares during the last quarter. Farther Finance Advisors LLC increased its stake in AdvanSix by 1,195.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company’s stock valued at $74,000 after purchasing an additional 2,882 shares in the last quarter. Finally, AlphaQuest LLC increased its stake in AdvanSix by 22.3% during the 1st quarter. AlphaQuest LLC now owns 4,014 shares of the company’s stock valued at $91,000 after purchasing an additional 731 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

AdvanSix Stock Performance

Shares of ASIX opened at $17.34 on Thursday. The firm has a market capitalization of $465.75 million, a P/E ratio of 9.03 and a beta of 1.74. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.36 and a quick ratio of 0.74. AdvanSix has a one year low of $14.10 and a one year high of $32.58. The business has a fifty day moving average of $16.65 and a 200 day moving average of $19.61.

AdvanSix (NYSE:ASIX – Get Free Report) last posted its earnings results on Friday, November 7th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.32). The firm had revenue of $374.47 million during the quarter, compared to the consensus estimate of $365.00 million. AdvanSix had a net margin of 3.52% and a return on equity of 7.14%. As a group, sell-side analysts anticipate that AdvanSix will post 4 EPS for the current year.

AdvanSix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.7%. AdvanSix’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of AdvanSix in a report on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, AdvanSix presently has a consensus rating of “Hold” and a consensus target price of $33.50.

Read Our Latest Analysis on ASIX

AdvanSix Company Profile

(Free Report)

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.

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