Northern Trust Corp lifted its stake in shares of AdvanSix Inc (NASDAQ:ASIX) by 126.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 382,623 shares of the company’s stock after purchasing an additional 213,652 shares during the quarter. Northern Trust Corp owned about 1.26% of AdvanSix worth $11,953,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of AdvanSix during the 2nd quarter worth $100,000. Pacad Investment Ltd. grew its stake in shares of AdvanSix by 16.7% during the 2nd quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock worth $109,000 after purchasing an additional 500 shares during the period. Pinebridge Investments L.P. grew its stake in shares of AdvanSix by 13.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,509 shares of the company’s stock worth $141,000 after purchasing an additional 539 shares during the period. Private Advisor Group LLC acquired a new position in shares of AdvanSix during the 2nd quarter worth $227,000. Finally, Menta Capital LLC acquired a new position in shares of AdvanSix during the 2nd quarter worth $231,000.
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A number of equities analysts have recently weighed in on ASIX shares. Cowen and Company upped their price target on shares of AdvanSix from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 6th. Zacks Investment Research raised shares of AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, September 12th. Finally, BidaskClub raised shares of AdvanSix from a “hold” rating to a “buy” rating in a research note on Friday, September 15th.
Shares of AdvanSix Inc (NASDAQ ASIX) opened at $44.24 on Friday.
AdvanSix (NASDAQ:ASIX) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.17. The firm had revenue of $361.44 million for the quarter. AdvanSix had a net margin of 7.13% and a return on equity of 40.03%.
In other AdvanSix news, Director Michael Marberry acquired 539 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were purchased at an average cost of $46.41 per share, with a total value of $25,014.99. Following the purchase, the director now owns 16,420 shares in the company, valued at $762,052.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders purchased 1,946 shares of company stock worth $74,948.
AdvanSix Company Profile
AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.
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