American Vanguard Corp. (AVD) Stake Reduced by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System lowered its position in American Vanguard Corp. (NYSE:AVD) by 5.4% during the second quarter, Holdings Channel reports. The firm owned 37,938 shares of the company’s stock after selling 2,182 shares during the period. State Board of Administration of Florida Retirement System owned about 0.13% of American Vanguard Corp. worth $573,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Emerald Acquisition Ltd. bought a new position in American Vanguard Corp. during the second quarter worth $2,201,000. Strs Ohio boosted its position in American Vanguard Corp. by 5,687.5% in the second quarter. Strs Ohio now owns 46,300 shares of the company’s stock worth $699,000 after buying an additional 45,500 shares in the last quarter. Bank of Montreal Can bought a new position in American Vanguard Corp. during the second quarter worth $8,137,000. New York State Teachers Retirement System boosted its position in American Vanguard Corp. by 21.9% in the second quarter. New York State Teachers Retirement System now owns 48,461 shares of the company’s stock worth $732,000 after buying an additional 8,700 shares in the last quarter. Finally, Hartford Investment Management Co. bought a new position in American Vanguard Corp. during the second quarter worth $157,000. 79.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of American Vanguard Corp. (NYSE:AVD) remained flat at $15.93 during midday trading on Tuesday. 39,773 shares of the stock traded hands. The stock has a 50-day moving average price of $16.55 and a 200-day moving average price of $15.51. The company has a market capitalization of $467.51 million, a price-to-earnings ratio of 38.95 and a beta of 1.19. American Vanguard Corp. has a one year low of $9.63 and a one year high of $17.92.
American Vanguard Corp. (NYSE:AVD) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. American Vanguard Corp. had a net margin of 3.95% and a return on equity of 4.37%. The firm had revenue of $72.70 million for the quarter, compared to analyst estimates of $72.78 million. During the same period last year, the firm posted $0.03 EPS. American Vanguard Corp.’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts expect that American Vanguard Corp. will post $0.47 EPS for the current year.
A number of equities analysts have weighed in on AVD shares. Zacks Investment Research upgraded shares of American Vanguard Corp. from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, August 1st. BB&T Corp. cut shares of American Vanguard Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. They noted that the move was a valuation call. Finally, SunTrust Banks Inc. upgraded shares of American Vanguard Corp. from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.13.
In other news, insider Ulrich Trogele acquired 5,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were purchased at an average cost of $15.91 per share, for a total transaction of $79,550.00. Following the transaction, the insider now directly owns 72,604 shares in the company, valued at approximately $1,155,129.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott Hendrix sold 4,000 shares of American Vanguard Corp. stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $17.25, for a total transaction of $69,000.00. Following the completion of the transaction, the vice president now owns 14,296 shares in the company, valued at $246,606. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.
American Vanguard Corp. Company Profile
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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