American Vanguard Corp. (AVD) Shares Up 2.2%
American Vanguard Corp. (NYSE:AVD) shot up 2.2% on Thursday . The company traded as high as $17.33 and last traded at $17.31, with a volume of 54,386 shares changing hands. The stock had previously closed at $16.93.
A number of brokerages have weighed in on AVD. Zacks Investment Research downgraded shares of American Vanguard Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. BB&T Corp. downgraded shares of American Vanguard Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. They noted that the move was a valuation call. Roth Capital downgraded shares of American Vanguard Corp. from a “buy” rating to a “neutral” rating and cut their price target for the company from $19.00 to $14.50 in a report on Wednesday, May 4th. Finally, SunTrust Banks Inc. raised shares of American Vanguard Corp. from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.13.
The stock has a market capitalization of $508.89 million and a P/E ratio of 42.40. The company’s 50 day moving average price is $16.26 and its 200-day moving average price is $15.07.
American Vanguard Corp. (NYSE:AVD) last released its earnings results on Tuesday, August 2nd. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The firm earned $72.70 million during the quarter, compared to the consensus estimate of $72.78 million. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 EPS. On average, equities research analysts predict that American Vanguard Corp. will post $0.47 EPS for the current fiscal year.
In other American Vanguard Corp. news, VP Scott Hendrix sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $17.25, for a total value of $69,000.00. Following the sale, the vice president now owns 14,296 shares in the company, valued at approximately $246,606. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
An institutional investor recently raised its position in American Vanguard Corp. stock. Schwab Charles Investment Management Inc. increased its stake in American Vanguard Corp. (NYSE:AVD) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,034 shares of the company’s stock after buying an additional 2,080 shares during the period. Schwab Charles Investment Management Inc. owned about 0.28% of American Vanguard Corp. worth $1,150,000 as of its most recent filing with the SEC.
American Vanguard Corporation (AVD) operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV) and Envance Technologies, LLC (Envance).
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