American Vanguard Corp. (AVD) Trading Up 3.2%
American Vanguard Corp. (NYSE:AVD)’s share price was up 3.2% during trading on Tuesday . The company traded as high as $15.61 and last traded at $15.58, with a volume of 105,726 shares. The stock had previously closed at $15.09.
A number of equities analysts have commented on AVD shares. Zacks Investment Research lowered American Vanguard Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. BB&T Corp. lowered American Vanguard Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. They noted that the move was a valuation call. Finally, Roth Capital lowered American Vanguard Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $19.00 to $14.50 in a research note on Wednesday, May 4th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.17.
The stock has a market capitalization of $450.94 million and a P/E ratio of 47.60. The firm has a 50 day moving average price of $15.05 and a 200-day moving average price of $14.16.
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 business earned $69.47 million during the quarter, compared to the consensus estimate of $71.71 million. American Vanguard Corp.’s revenue was up 4.4% on a year-over-year basis. Analysts forecast that American Vanguard Corp. will post $0.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12th. Stockholders 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 was Tuesday, June 28th.
In other American Vanguard Corp. news, insider Ulrich Trogele acquired 15,000 shares of the stock in a transaction dated Monday, May 9th. The stock was purchased at an average cost of $13.25 per share, with a total value of $198,750.00. Following the transaction, the insider now owns 67,604 shares in the company, valued at approximately $895,753. The acquisition was disclosed in a filing with the SEC, which is available at this link.
A hedge fund recently raised its stake in American Vanguard Corp. stock. Robeco Institutional Asset Management B.V. raised its stake in American Vanguard Corp. (NYSE:AVD) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,634 shares of the company’s stock after buying an additional 3,634 shares during the period. Robeco Institutional Asset Management B.V. owned 0.42% of American Vanguard Corp. worth $1,732,000 at the end of the most recent quarter.
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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