American Vanguard Corporation (AVD) Lifted to “Hold” at BidaskClub
BidaskClub upgraded shares of American Vanguard Corporation (NYSE:AVD) from a sell rating to a hold rating in a research note published on Tuesday morning.
AVD has been the subject of several other reports. Zacks Investment Research upgraded shares of American Vanguard Corporation from a hold rating to a buy rating and set a $19.00 target price for the company in a report on Friday, July 7th. TheStreet upgraded shares of American Vanguard Corporation from a c+ rating to a b- rating in a report on Friday, May 5th. Finally, Roth Capital set a $18.00 target price on shares of American Vanguard Corporation and gave the company a buy rating in a report on Saturday, March 18th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $18.00.
Shares of American Vanguard Corporation (NYSE AVD) traded up 2.16% during mid-day trading on Tuesday, hitting $18.90. The stock had a trading volume of 48,899 shares. American Vanguard Corporation has a 52-week low of $14.20 and a 52-week high of $20.00. The firm has a market cap of $562.90 million, a PE ratio of 41.09 and a beta of 1.37. The stock’s 50-day moving average price is $17.50 and its 200-day moving average price is $17.13.
American Vanguard Corporation (NYSE:AVD) last released its earnings results on Thursday, May 4th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. American Vanguard Corporation had a net margin of 4.30% and a return on equity of 4.80%. The firm had revenue of $70.70 million during the quarter, compared to analyst estimates of $74.92 million. During the same period last year, the business earned $0.10 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. On average, analysts anticipate that American Vanguard Corporation will post $0.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.015 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.06 annualized dividend and a dividend yield of 0.32%. American Vanguard Corporation’s dividend payout ratio (DPR) is presently 13.04%.
In related news, CEO Eric G. Wintemute sold 20,000 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $16.19, for a total transaction of $323,800.00. Following the completion of the transaction, the chief executive officer now owns 902,003 shares of the company’s stock, valued at $14,603,428.57. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in American Vanguard Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 2,430,201 shares of the basic materials company’s stock valued at $40,342,000 after buying an additional 119,462 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in American Vanguard Corporation by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,370,250 shares of the basic materials company’s stock valued at $39,345,000 after buying an additional 84,367 shares in the last quarter. Cove Street Capital LLC raised its stake in American Vanguard Corporation by 9.4% in the first quarter. Cove Street Capital LLC now owns 1,351,750 shares of the basic materials company’s stock valued at $22,439,000 after buying an additional 116,215 shares in the last quarter. State Street Corp raised its stake in American Vanguard Corporation by 7.1% in the fourth quarter. State Street Corp now owns 598,402 shares of the basic materials company’s stock valued at $11,460,000 after buying an additional 39,689 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in American Vanguard Corporation by 6.9% in the first quarter. Bank of Montreal Can now owns 565,690 shares of the basic materials company’s stock valued at $9,390,000 after buying an additional 36,542 shares in the last quarter. Institutional investors own 76.49% of the company’s stock.
About American Vanguard Corporation
American Vanguard Corporation 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 C.V.
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