AdvanSix (NYSE:ASIX) Trading Up 8.3% - What's Next?

AdvanSix (NYSE:ASIX - Get Free Report)'s stock price was up 8.3% during mid-day trading on Thursday . The stock traded as high as $19.74 and last traded at $19.98. Approximately 171,250 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 383,432 shares. The stock had previously closed at $18.45.Analyst Upgrades and DowngradesSeveral research firms recently weighed in on ASIX. Loop Capital set a $25.00 price target on AdvanSix in a report on Thursday. Truist Financial boosted their price objective on shares of AdvanSix from $19.00 to $20.00 and gave the company a "hold" rating in a research report on Monday, February 23rd. Weiss Ratings restated a "sell (d+)" rating on shares of AdvanSix in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of AdvanSix from a "buy" rating to a "hold" rating in a research note on Monday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, AdvanSix has a consensus rating of "Hold" and a consensus price target of $28.00.View Our Latest Report on AdvanSixAdvanSix Stock Up 9.6%The company has a market cap of $543.31 million, a P/E ratio of 11.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.52 and a current ratio of 1.13. The business's fifty day moving average is $17.91 and its two-hundred day moving average is $18.20. AdvanSix (NYSE:ASIX - Get Free Report) last issued its earnings results on Friday, February 20th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. AdvanSix had a net margin of 3.24% and a return on equity of 6.97%. The business had revenue of $359.95 million for the quarter, compared to the consensus estimate of $340.85 million. Equities analysts predict that AdvanSix will post 4 EPS for the current year. AdvanSix Dividend AnnouncementThe company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.2%. AdvanSix's dividend payout ratio is presently 35.36%. Institutional Trading of AdvanSixA number of hedge funds have recently added to or reduced their stakes in ASIX. Vanguard Group Inc. raised its holdings in shares of AdvanSix by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,990,011 shares of the company's stock valued at $38,566,000 after purchasing an additional 10,642 shares in the last quarter. Aegis Financial Corp purchased a new position in AdvanSix during the fourth quarter valued at approximately $20,927,000. American Century Companies Inc. raised its stake in AdvanSix by 9.3% in the third quarter. American Century Companies Inc. now owns 967,571 shares of the company's stock worth $18,752,000 after buying an additional 81,927 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in AdvanSix by 55.3% during the third quarter. Alliancebernstein L.P. now owns 948,491 shares of the company's stock worth $18,382,000 after buying an additional 337,908 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in AdvanSix by 23.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 711,634 shares of the company's stock valued at $12,311,000 after acquiring an additional 135,650 shares in the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors. AdvanSix Company Profile (Get 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.Featured StoriesFive stocks we like better than AdvanSixThe Forbes Mineral America NeedsHow China Accidentally Created Its Own Rare Earth RivalNvidia CEO Issues Bold Tesla CallThe gold chart Wall Street is terrified of…The Market Just Split in Two (URGENT)This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in AdvanSix Right Now?Before you consider AdvanSix, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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