GuruFocus - On September 3, 2024, Erin Kane, CEO of AdvanSix Inc (NYSE:ASIX), executed a sale of 5,000 shares of the company at a price of $28.27 per share. This transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 527,795 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, electronics, and agriculture.
Over the past year, Erin Kane has sold a total of 35,000 shares and has not made any purchases of the company's stock. This recent transaction continues a trend seen over the past year, where there have been 17 insider sells and no insider buys.
Shares of AdvanSix Inc were trading at $28.27 on the day of the sale, giving the company a market cap of approximately $738.613 million. The price-earnings ratio of the stock stands at 92.07, significantly above both the industry median of 23.03 and the company's historical median.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, AdvanSix Inc is considered modestly undervalued with a price-to-GF-Value ratio of 0.9. The GF Value of $31.48 suggests a potential undervaluation of the stock.
This valuation is supported by historical trading multiples, adjustments based on the company's past performance, and future business performance estimates provided by Morningstar analysts.
The recent insider selling activity and the current valuation metrics provide important data points for investors monitoring AdvanSix Inc's stock performance and insider behaviors.
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.
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