American Vanguard (AVD) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of American Vanguard (NYSE:AVD) from a sell rating to a hold rating in a research report report published on Tuesday.

Separately, Zacks Investment Research lowered shares of American Vanguard from a hold rating to a sell rating in a report on Thursday, August 9th.

Shares of American Vanguard stock opened at $16.74 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.33 and a quick ratio of 0.89. The company has a market capitalization of $488.53 million, a P/E ratio of 29.37 and a beta of 1.13. American Vanguard has a fifty-two week low of $15.31 and a fifty-two week high of $24.00.

American Vanguard (NYSE:AVD) last issued its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $112.00 million during the quarter, compared to analyst estimates of $119.20 million. American Vanguard had a net margin of 5.73% and a return on equity of 6.90%. American Vanguard’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. Equities analysts predict that American Vanguard will post 0.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 17th. Shareholders of record on Wednesday, October 3rd were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Tuesday, October 2nd. American Vanguard’s dividend payout ratio is presently 14.04%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio grew its holdings in American Vanguard by 8.9% during the 2nd quarter. Strs Ohio now owns 38,100 shares of the basic materials company’s stock worth $874,000 after acquiring an additional 3,100 shares during the period. ClariVest Asset Management LLC grew its holdings in American Vanguard by 3.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 89,621 shares of the basic materials company’s stock worth $2,056,000 after acquiring an additional 3,300 shares during the period. Legal & General Group Plc grew its holdings in American Vanguard by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 52,375 shares of the basic materials company’s stock worth $1,200,000 after acquiring an additional 3,349 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in American Vanguard by 62.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,431 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 4,000 shares during the period. Finally, First Trust Advisors LP grew its holdings in American Vanguard by 18.3% during the 2nd quarter. First Trust Advisors LP now owns 29,785 shares of the basic materials company’s stock worth $684,000 after acquiring an additional 4,600 shares during the period. 74.31% of the stock is owned by hedge funds and other institutional investors.

About American Vanguard

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.

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