EVR Research LP Increases Position in American Vanguard Corporation $AVD

EVR Research LP raised its holdings in American Vanguard Corporation (NYSE:AVD) by 136.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 340,000 shares of the basic materials company’s stock after acquiring an additional 196,216 shares during the period. American Vanguard makes up approximately 1.2% of EVR Research LP’s investment portfolio, making the stock its 22nd largest position. EVR Research LP owned about 1.20% of American Vanguard worth $1,952,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AVD. Strs Ohio purchased a new stake in shares of American Vanguard in the first quarter valued at approximately $28,000. XTX Topco Ltd purchased a new position in American Vanguard during the second quarter worth approximately $57,000. Los Angeles Capital Management LLC purchased a new position in American Vanguard during the second quarter worth approximately $111,000. Riverwater Partners LLC acquired a new position in American Vanguard during the third quarter worth $114,000. Finally, Assenagon Asset Management S.A. acquired a new position in American Vanguard during the third quarter worth $121,000. 79.00% of the stock is owned by hedge funds and other institutional investors.

American Vanguard Stock Performance

Shares of American Vanguard stock opened at $4.16 on Friday. The firm has a market cap of $118.52 million, a PE ratio of -1.05 and a beta of 1.23. The company has a quick ratio of 0.90, a current ratio of 1.77 and a debt-to-equity ratio of 0.82. American Vanguard Corporation has a 52 week low of $3.28 and a 52 week high of $5.92. The business’s fifty day simple moving average is $4.67 and its 200-day simple moving average is $4.82.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wall Street Zen downgraded American Vanguard from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of American Vanguard in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.00.

American Vanguard Profile

American Vanguard Corporation (NYSE: AVD) is a developer, manufacturer and marketer of specialty chemical products for crop protection, turf and ornamental care, and public health pest control. Headquartered in Newport Beach, California, the company offers a portfolio of insecticides, herbicides, fungicides and rodenticides designed for use across agricultural, turf and urban pest management applications. Its research and development efforts focus on novel chemistries and formulation technologies that address emerging pest resistance and regulatory requirements.

The company’s product lines include emulsifiable concentrates, wettable powders, granular formulations, baits and liquid concentrates sold under proprietary brand names.