AdvanSix (NYSE:ASIX) Earns Neutral Rating from Analysts at CL King

CL King assumed coverage on shares of AdvanSix (NYSE:ASIX) in a report published on Thursday, BenzingaRatingsTable reports. The firm issued a neutral rating on the stock.

Other equities research analysts have also issued reports about the company. ValuEngine upgraded AdvanSix from a sell rating to a hold rating in a research report on Thursday, August 1st. Zacks Investment Research lowered AdvanSix from a hold rating to a strong sell rating in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $34.00.

NYSE ASIX opened at $22.53 on Thursday. The firm has a market cap of $603.32 million, a PE ratio of 10.48 and a beta of 1.90. AdvanSix has a one year low of $21.29 and a one year high of $35.90. The stock’s 50 day simple moving average is $24.52 and its 200 day simple moving average is $28.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.16 and a quick ratio of 0.61.

AdvanSix (NYSE:ASIX) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.14. The business had revenue of $345.22 million for the quarter, compared to analyst estimates of $344.33 million. AdvanSix had a return on equity of 14.80% and a net margin of 4.36%. AdvanSix’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS. As a group, equities analysts expect that AdvanSix will post 2.18 earnings per share for the current year.

In other news, Director Michael Marberry acquired 4,350 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were purchased at an average cost of $21.34 per share, for a total transaction of $92,829.00. Following the transaction, the director now owns 48,474 shares of the company’s stock, valued at $1,034,435.16. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its position in AdvanSix by 5.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 7,599 shares of the company’s stock valued at $217,000 after buying an additional 386 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in AdvanSix by 12.6% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 4,667 shares of the company’s stock valued at $114,000 after buying an additional 524 shares during the last quarter. Private Capital Group LLC boosted its position in AdvanSix by 271.2% in the 2nd quarter. Private Capital Group LLC now owns 850 shares of the company’s stock valued at $31,000 after buying an additional 621 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in AdvanSix by 0.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 108,029 shares of the company’s stock valued at $2,639,000 after buying an additional 678 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in AdvanSix by 194.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,091 shares of the company’s stock valued at $27,000 after buying an additional 721 shares during the last quarter. Hedge funds and other institutional investors own 86.77% of the company’s stock.

AdvanSix Company Profile

AdvanSix Inc manufactures and sells polymer resins. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone, which is used by customers in the production of adhesives, paints, coatings, solvents, herbicides, and other engineered plastic resins, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.

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