Vanguard Group Inc. raised its stake in American Vanguard Corporation (NYSE:AVD) by 5.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,430,201 shares of the basic materials company’s stock after buying an additional 119,462 shares during the period. Vanguard Group Inc.’s holdings in American Vanguard Corporation were worth $40,342,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AVD. State Street Corp boosted 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. Teachers Advisors LLC boosted its stake in American Vanguard Corporation by 11.4% in the fourth quarter. Teachers Advisors LLC now owns 48,890 shares of the basic materials company’s stock valued at $936,000 after buying an additional 5,000 shares in the last quarter. Bank of Montreal Can boosted 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. Louisiana State Employees Retirement System boosted its stake in American Vanguard Corporation by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the basic materials company’s stock valued at $174,000 after buying an additional 100 shares in the last quarter. Finally, Hartford Investment Management Co. boosted its stake in American Vanguard Corporation by 20.2% in the first quarter. Hartford Investment Management Co. now owns 12,500 shares of the basic materials company’s stock valued at $208,000 after buying an additional 2,100 shares in the last quarter. 76.49% of the stock is owned by institutional investors and hedge funds.

Shares of American Vanguard Corporation (AVD) traded down 1.72% during midday trading on Friday, reaching $19.95. The company’s stock had a trading volume of 102,350 shares. The stock has a 50-day moving average price of $18.54 and a 200-day moving average price of $17.24. The stock has a market cap of $594.17 million, a price-to-earnings ratio of 40.71 and a beta of 1.38. American Vanguard Corporation has a 52-week low of $14.20 and a 52-week high of $20.85.

American Vanguard Corporation (NYSE:AVD) last issued its quarterly earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $77.90 million for the quarter, compared to the consensus estimate of $77.71 million. American Vanguard Corporation had a return on equity of 5.10% and a net margin of 4.56%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. Equities research analysts anticipate that American Vanguard Corporation will post $0.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Wednesday, June 28th. American Vanguard Corporation’s payout ratio is presently 12.00%.

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Several equities research analysts recently commented on AVD shares. Zacks Investment Research raised American Vanguard Corporation from a “sell” rating to a “hold” rating in a research note on Monday, April 17th. TheStreet raised American Vanguard Corporation from a “c+” rating to a “b-” rating in a research note on Friday, May 5th. BidaskClub raised American Vanguard Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Roth Capital set a $22.00 price objective on American Vanguard Corporation and gave the company a “buy” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.33.

In other news, insider David` T. Johnson sold 6,000 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $19.00, for a total transaction of $114,000.00. Following the transaction, the insider now directly owns 35,040 shares of the company’s stock, valued at $665,760. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.70% of the company’s stock.

American Vanguard Corporation Company Profile

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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Institutional Ownership by Quarter for American Vanguard Corporation (NYSE:AVD)

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