American Vanguard Corp. (AVD) Stock Price Up 1.9%
American Vanguard Corp. (NYSE:AVD) rose 1.9% during trading on Friday . The stock traded as high as $15.80 and last traded at $15.73, with a volume of 80,833 shares traded. The stock had previously closed at $15.43.
AVD has been the topic of several recent research reports. Zacks Investment Research downgraded shares of American Vanguard Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. BB&T Corp. lowered shares of American Vanguard Corp. from a “buy” rating to a “hold” rating in a report on Wednesday. They noted that the move was a valuation call. Finally, Roth Capital lowered shares of American Vanguard Corp. from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $14.50 in a report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $13.17.
The company has a market capitalization of $459.39 million and a P/E ratio of 48.49. The firm’s 50 day moving average is $14.71 and its 200-day moving average is $14.01.
American Vanguard Corp. (NYSE:AVD) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The company earned $69.47 million during the quarter, compared to the consensus estimate of $71.71 million. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts expect that American Vanguard Corp. will post $0.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12th. Investors of record on Thursday, June 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Tuesday, June 28th.
In related news, insider Ulrich Trogele acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were bought at an average cost of $13.25 per share, for a total transaction of $198,750.00. Following the completion of the transaction, the insider now owns 67,604 shares in the company, valued at $895,753. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several hedge funds and institutional investors recently bought and sold shares of AVD. Robeco Institutional Asset Management B.V. boosted its position in American Vanguard Corp. by 3.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 123,634 shares of the company’s stock valued at $1,732,000 after buying an additional 3,634 shares during the period. Bank of Montreal Can raised its stake in shares of American Vanguard Corp. by 3.4% in the fourth quarter. Bank of Montreal Can now owns 564,928 shares of the company’s stock valued at $7,915,000 after buying an additional 18,471 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of American Vanguard Corp. by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,642,801 shares of the company’s stock valued at $23,016,000 after buying an additional 160,412 shares in the last quarter.
American Vanguard Corporation (AVD) operates as a holding company. The Company is primarily a specialty chemical manufacturer that develops and markets products for agricultural, commercial and consumer uses. It manufactures and formulates chemicals for crops, human and animal protection. It conducts its business through its subsidiaries, which include AMVAC Chemical Corporation (AMVAC), GemChem, Inc, 2110 Davie Corporation, Quimica Amvac de Mexico SA de C.V., AMVAC Mexico Sociedad de Responsabilidad Limitada, AMVAC de Costa Rica Sociedad de Responsabilidad Limitada, AMVAC Switzerland GmbH, AMVAC do Brasil Representacoes Ltda, AMVAC CV, AMVAC Netherlands BV and Envance Technologies, LLC.
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