BNP Paribas Financial Markets lifted its position in American Vanguard Co. (NYSE:AVD – Free Report) by 155.3% in the fourth quarter, Holdings Channel reports. The firm owned 104,022 shares of the basic materials company’s stock after buying an additional 63,271 shares during the period. BNP Paribas Financial Markets’ holdings in American Vanguard were worth $1,141,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new stake in American Vanguard during the third quarter worth $2,370,000. Jacobs Levy Equity Management Inc. lifted its holdings in American Vanguard by 29.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 338,637 shares of the basic materials company’s stock worth $3,701,000 after buying an additional 76,782 shares during the period. Aigen Investment Management LP purchased a new stake in American Vanguard during the third quarter worth $324,000. Wellington Management Group LLP lifted its holdings in American Vanguard by 11.3% during the third quarter. Wellington Management Group LLP now owns 1,612,006 shares of the basic materials company’s stock worth $17,619,000 after buying an additional 163,941 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in American Vanguard by 89.6% during the third quarter. Schroder Investment Management Group now owns 539,875 shares of the basic materials company’s stock worth $5,901,000 after buying an additional 255,190 shares during the period. Hedge funds and other institutional investors own 79.04% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Roth Mkm upped their price target on American Vanguard from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Roth Capital reaffirmed a “buy” rating on shares of American Vanguard in a research report on Wednesday, January 31st. Loop Capital upped their price target on American Vanguard from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, StockNews.com downgraded American Vanguard from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Vanguard presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.
Check Out Our Latest Stock Analysis on AVD
American Vanguard Price Performance
NYSE AVD opened at $9.06 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.29 and a quick ratio of 1.12. The stock’s fifty day moving average price is $11.26 and its 200 day moving average price is $10.77. American Vanguard Co. has a 1 year low of $8.41 and a 1 year high of $18.38. The company has a market cap of $253.59 million, a price-to-earnings ratio of 34.85 and a beta of 1.05.
American Vanguard (NYSE:AVD – Get Free Report) last released its earnings results on Thursday, May 9th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. American Vanguard had a return on equity of 2.20% and a net margin of 1.22%. The firm had revenue of $135.14 million for the quarter, compared to the consensus estimate of $141.20 million. During the same period in the prior year, the firm earned $0.07 EPS. As a group, equities research analysts forecast that American Vanguard Co. will post 0.44 earnings per share for the current year.
American Vanguard Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Wednesday, March 27th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, March 26th. American Vanguard’s payout ratio is 46.15%.
Insider Buying and Selling at American Vanguard
In other American Vanguard news, insider Ulrich Trogele purchased 18,200 shares of the stock in a transaction on Thursday, May 16th. The shares were bought at an average cost of $8.75 per share, with a total value of $159,250.00. Following the completion of the acquisition, the insider now owns 209,876 shares in the company, valued at $1,836,415. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Steven D. Macicek purchased 8,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were purchased at an average cost of $9.01 per share, with a total value of $76,585.00. Following the purchase, the director now owns 10,044 shares of the company’s stock, valued at approximately $90,496.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ulrich Trogele purchased 18,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average cost of $8.75 per share, for a total transaction of $159,250.00. Following the completion of the purchase, the insider now directly owns 209,876 shares in the company, valued at approximately $1,836,415. The disclosure for this purchase can be found here. 10.10% of the stock is owned by corporate insiders.
American Vanguard Company Profile
American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.
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