American Vanguard Corp. (AVD) Trading Down 4.3%
American Vanguard Corp. (NYSE:AVD)’s share price traded down 4.3% during trading on Wednesday . The stock traded as low as $15.30 and last traded at $15.63, with a volume of 110,836 shares changing hands. The stock had previously closed at $16.33.
Several equities analysts recently commented on the stock. Roth Capital cut shares of American Vanguard Corp. from a “buy” rating to a “neutral” rating and cut their target price for the company from $19.00 to $14.50 in a research note on Wednesday, May 4th. Zacks Investment Research upgraded shares of American Vanguard Corp. from a “sell” rating to a “hold” rating and set a $14.00 target price for the company in a research note on Wednesday, May 4th. Finally, BB&T Corp. cut shares of American Vanguard Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of “Hold” and an average price target of $13.17.
The stock’s 50 day moving average is $14.61 and its 200 day moving average is $13.99. The firm has a market cap of $451.23 million and a PE ratio of 47.63.
American Vanguard Corp. (NYSE:AVD) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.04. The business had revenue of $69.47 million for the quarter, compared to the consensus estimate of $71.71 million. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts forecast that American Vanguard Corp. will post $0.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 12th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.26%.
In other news, insider Ulrich Trogele bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was acquired at an average cost of $13.25 per share, with a total value of $198,750.00. Following the completion of the purchase, the insider now owns 67,604 shares of the company’s stock, valued at $895,753. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in 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. Bank of Montreal Can boosted its position in 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, 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 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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