American Vanguard Corp. (AVD) Upgraded by Piper Jaffray Cos. to “Neutral”
Piper Jaffray Cos. upgraded shares of American Vanguard Corp. (NYSE:AVD) from an underweight rating to a neutral rating in a research note issued to investors on Monday morning. Piper Jaffray Cos. currently has $17.00 price target on the stock, up from their prior price target of $12.00.
Other equities analysts also recently issued research reports about the company. SunTrust Banks Inc. raised American Vanguard Corp. from a neutral rating to a buy rating and set a $18.00 target price on the stock in a research report on Wednesday, August 3rd. Zacks Investment Research raised American Vanguard Corp. from a hold rating to a buy rating and set a $17.00 target price on the stock in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $16.63.
Shares of American Vanguard Corp. (NYSE:AVD) opened at 18.15 on Monday. The stock has a 50 day moving average price of $16.12 and a 200 day moving average price of $15.69. The firm has a market capitalization of $532.88 million, a PE ratio of 44.27 and a beta of 1.24. American Vanguard Corp. has a 1-year low of $9.63 and a 1-year high of $18.45.
American Vanguard Corp. (NYSE:AVD) last posted its earnings results on Wednesday, November 2nd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by $0.02. American Vanguard Corp. had a net margin of 3.86% and a return on equity of 4.36%. The firm earned $82.50 million during the quarter, compared to analyst estimates of $79.39 million. During the same period in the previous year, the company posted $0.09 EPS. American Vanguard Corp.’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities research analysts anticipate that American Vanguard Corp. will post $0.44 earnings per share for the current fiscal year.
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In related news, insider Ulrich Trogele purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was acquired at an average cost of $15.91 per share, for a total transaction of $79,550.00. Following the completion of the purchase, the insider now owns 72,604 shares in the company, valued at approximately $1,155,129.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.30% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of AVD. Vanguard Group Inc. boosted its stake in American Vanguard Corp. by 3.8% in the second quarter. Vanguard Group Inc. now owns 2,220,547 shares of the company’s stock valued at $33,553,000 after buying an additional 81,740 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in American Vanguard Corp. by 14.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,097,463 shares of the company’s stock valued at $31,692,000 after buying an additional 260,862 shares during the last quarter. BlackRock Fund Advisors boosted its stake in American Vanguard Corp. by 8.0% in the third quarter. BlackRock Fund Advisors now owns 1,915,958 shares of the company’s stock valued at $30,770,000 after buying an additional 142,125 shares during the last quarter. Cove Street Capital LLC boosted its stake in American Vanguard Corp. by 21.7% in the second quarter. Cove Street Capital LLC now owns 1,167,980 shares of the company’s stock valued at $17,648,000 after buying an additional 208,138 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in American Vanguard Corp. by 0.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 707,711 shares of the company’s stock valued at $11,366,000 after buying an additional 4,720 shares during the last quarter. Institutional investors and hedge funds own 77.13% of the company’s stock.
About American Vanguard Corp.
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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