On October 1, 2024, Erin Kane, CEO of AdvanSix Inc (ASIX, Financial), executed a sale of 5,000 shares of the company at a price of $30.28 per share. This transaction was filed with the SEC and can be viewed in detail in the SEC Filing. Following this sale, the insider now owns 522,795 shares of the company.
AdvanSix Inc is a fully integrated manufacturer of nylon 6 resin, chemical intermediates, and ammonium sulfate fertilizer. The company's products are important inputs in a variety of end markets including building and construction, automotive, and electronics.
Over the past year, Erin Kane has sold a total of 40,000 shares and has not purchased any shares. This recent transaction continues a trend seen in the company, where there have been 18 insider sells and no insider buys over the past year.
Shares of AdvanSix Inc were trading at $30.28 on the day of the transaction, giving the company a market cap of approximately $820.891 million. The price-earnings ratio of the stock stands at 102.43, significantly above both the industry median of 24.63 and the company's historical median.
According to the GF Value, the intrinsic value of AdvanSix Inc is estimated at $31.68 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.96.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future performance.
This sale by the insider may be of interest to current and potential investors, providing insight into how insiders view the stock's valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
