The Manufacturers Life Insurance Company raised its position in American Vanguard Corporation (NYSE:AVD) by 4.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 23,442 shares of the basic materials company’s stock after purchasing an additional 895 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of American Vanguard worth $404,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of AVD. Acrospire Investment Management LLC lifted its position in shares of American Vanguard by 83.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 8,685 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 3,956 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of American Vanguard by 54.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,019 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 3,162 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of American Vanguard by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 200 shares during the period. Hancock Holding Co. lifted its position in shares of American Vanguard by 7.2% during the 2nd quarter. Hancock Holding Co. now owns 12,029 shares of the basic materials company’s stock valued at $208,000 after acquiring an additional 813 shares during the period. Finally, Arizona State Retirement System lifted its position in shares of American Vanguard by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 13,625 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 76.36% of the company’s stock.

A number of research firms recently issued reports on AVD. BidaskClub upgraded shares of American Vanguard from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of American Vanguard from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Wednesday, November 1st. Roth Capital set a $22.00 price target on shares of American Vanguard and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, Piper Jaffray Companies restated a “hold” rating and set a $23.00 price target on shares of American Vanguard in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. American Vanguard has an average rating of “Hold” and an average target price of $25.33.

Shares of American Vanguard Corporation (NYSE AVD) opened at $20.25 on Wednesday. The company has a market cap of $598.87, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 2.26 and a beta of 1.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 2.37. American Vanguard Corporation has a one year low of $14.65 and a one year high of $24.00.

American Vanguard (NYSE:AVD) last announced its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03). The business had revenue of $90.00 million for the quarter, compared to the consensus estimate of $89.17 million. American Vanguard had a net margin of 4.83% and a return on equity of 5.44%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. equities research analysts forecast that American Vanguard Corporation will post 0.59 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “American Vanguard Corporation (AVD) Stake Lifted by The Manufacturers Life Insurance Company” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/11/29/american-vanguard-corporation-avd-stake-lifted-by-the-manufacturers-life-insurance-company.html.

American Vanguard 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.

Want to see what other hedge funds are holding AVD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Vanguard Corporation (NYSE:AVD).

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

Receive News & Ratings for American Vanguard Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Vanguard Corporation and related companies with MarketBeat.com's FREE daily email newsletter.