Public Sector Pension investment Board decreased its holdings in shares of American Vanguard Corporation (NYSE:AVD) by 24.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,337 shares of the basic materials company’s stock after selling 4,400 shares during the period. Public Sector Pension investment Board’s holdings in American Vanguard Corporation were worth $230,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Mason Street Advisors LLC raised its position in American Vanguard Corporation by 7.0% during the first quarter. Mason Street Advisors LLC now owns 6,041 shares of the basic materials company’s stock valued at $100,000 after purchasing an additional 395 shares in the last quarter. Acrospire Investment Management LLC raised its position in American Vanguard Corporation by 83.7% during the second quarter. Acrospire Investment Management LLC now owns 8,685 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 3,956 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in American Vanguard Corporation by 54.0% during the second quarter. BNP Paribas Arbitrage SA now owns 9,019 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 3,162 shares in the last quarter. Louisiana State Employees Retirement System raised its position in American Vanguard Corporation by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 200 shares in the last quarter. Finally, Oxford Asset Management purchased a new stake in American Vanguard Corporation during the first quarter valued at about $192,000. 76.87% of the stock is owned by institutional investors.

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

Shares of American Vanguard Corporation (AVD) opened at 23.50 on Friday. American Vanguard Corporation has a 12 month low of $14.20 and a 12 month high of $24.00. The company has a market capitalization of $699.90 million, a PE ratio of 47.96 and a beta of 1.26. The stock has a 50 day moving average price of $21.63 and a 200-day moving average price of $18.79.

American Vanguard Corporation (NYSE:AVD) last announced its earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The company had revenue of $77.90 million during the quarter, compared to the consensus estimate of $77.71 million. American Vanguard Corporation had a net margin of 4.56% and a return on equity of 5.10%. American Vanguard Corporation’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.11 earnings per share. Analysts forecast that American Vanguard Corporation will post $0.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, October 5th will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.06 annualized dividend and a dividend yield of 0.26%. American Vanguard Corporation’s payout ratio is currently 12.00%.

AVD has been the topic of a number of research reports. Zacks Investment Research upgraded American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Friday, September 15th. BidaskClub downgraded American Vanguard Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Roth Capital set a $22.00 price objective on American Vanguard Corporation and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, Piper Jaffray Companies set a $22.00 price objective on American Vanguard Corporation and gave the stock a “hold” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.33.

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American Vanguard Corporation 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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