Fruth Investment Management Lowers Holdings in AdvanSix Inc. (NYSE:ASIX)

Fruth Investment Management lowered its position in shares of AdvanSix Inc. (NYSE:ASIX) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,910 shares of the company’s stock after selling 647 shares during the period. Fruth Investment Management owned about 0.25% of AdvanSix worth $1,877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC raised its holdings in shares of AdvanSix by 86.2% in the 3rd quarter. FMR LLC now owns 565,982 shares of the company’s stock valued at $17,195,000 after purchasing an additional 261,964 shares in the last quarter. Wellington Management Group LLP lifted its holdings in AdvanSix by 48.6% during the third quarter. Wellington Management Group LLP now owns 469,685 shares of the company’s stock worth $14,269,000 after buying an additional 153,686 shares during the period. Millennium Management LLC lifted its stake in shares of AdvanSix by 83.8% during the 2nd quarter. Millennium Management LLC now owns 139,277 shares of the company’s stock worth $3,192,000 after purchasing an additional 63,489 shares during the last quarter. Sigma Planning Corp lifted its position in shares of AdvanSix by 117.4% during the third quarter. Sigma Planning Corp now owns 8,730 shares of the company’s stock valued at $265,000 after buying an additional 58,870 shares during the last quarter. Finally, Oliver Luxxe Assets LLC bought a new stake in shares of AdvanSix in the 4th quarter valued at about $1,403,000. 86.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Piper Sandler increased their target price on shares of AdvanSix from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. StockNews.com upgraded AdvanSix from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th.

AdvanSix Trading Down 2.2 %

Shares of AdvanSix stock opened at $30.33 on Thursday. The firm’s 50 day simple moving average is $30.11 and its two-hundred day simple moving average is $29.53. The firm has a market capitalization of $810.64 million, a price-to-earnings ratio of 21.51 and a beta of 1.76. AdvanSix Inc. has a 12-month low of $20.86 and a 12-month high of $33.00. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28.

Insider Activity

In other AdvanSix news, Director Donald P. Newman acquired 5,030 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $29.64 per share, with a total value of $149,089.20. Following the acquisition, the director now directly owns 5,030 shares of the company’s stock, valued at approximately $149,089.20. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher Gramm sold 1,951 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $32.00, for a total transaction of $62,432.00. Following the transaction, the insider now directly owns 43,463 shares of the company’s stock, valued at approximately $1,390,816. This trade represents a 4.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,951 shares of company stock valued at $354,132 over the last ninety days. 5.60% of the stock is currently owned by insiders.

AdvanSix Profile

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