Zacks Investment Research upgraded shares of American Vanguard Corporation (NYSE:AVD) from a hold rating to a buy rating in a report published on Friday. The firm currently has $19.00 price target on the basic materials company’s stock.
According to Zacks, “AMERICAN VANGUARD CORP. is a holding company, which through its subsidiaries, is engaged in the manufacturer and formulation of chemicals for crops, human and animal health protection. These chemicals which include insecticides, fungicides, molluscicides, growth regulatorsain, and soil fumigants, are marketed in liquid, powder, and granular forms. “
Several other analysts have also recently issued reports on AVD. Roth Capital set a $18.00 price objective on shares of American Vanguard Corporation and gave the company a buy rating in a research note on Saturday, March 18th. TheStreet raised shares of American Vanguard Corporation from a c+ rating to a b- rating in a research report on Friday, May 5th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $18.00.
American Vanguard Corporation (NYSE AVD) traded up 3.11% on Friday, reaching $18.25. The company’s stock had a trading volume of 53,456 shares. The stock has a market capitalization of $543.54 million, a P/E ratio of 39.67 and a beta of 1.37. American Vanguard Corporation has a 52 week low of $14.20 and a 52 week high of $20.00. The firm has a 50 day moving average price of $17.50 and a 200 day moving average price of $17.13.
American Vanguard Corporation (NYSE:AVD) last announced its quarterly earnings data on Thursday, May 4th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. American Vanguard Corporation had a net margin of 4.30% and a return on equity of 4.80%. The company had revenue of $70.70 million during the quarter, compared to analysts’ expectations of $74.92 million. During the same period in the previous year, the company earned $0.10 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that American Vanguard Corporation will post $0.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a dividend of $0.015 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.06 dividend on an annualized basis and a yield of 0.34%. American Vanguard Corporation’s dividend payout ratio (DPR) is 13.04%.
In related news, CEO Eric G. Wintemute sold 20,000 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $16.19, for a total transaction of $323,800.00. Following the completion of the sale, the chief executive officer now directly owns 902,003 shares of the company’s stock, valued at approximately $14,603,428.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.70% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of American Vanguard Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 2,430,201 shares of the basic materials company’s stock worth $40,342,000 after buying an additional 119,462 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of American Vanguard Corporation by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,370,250 shares of the basic materials company’s stock worth $39,345,000 after buying an additional 84,367 shares during the period. Cove Street Capital LLC boosted its stake in shares of American Vanguard Corporation by 9.4% in the first quarter. Cove Street Capital LLC now owns 1,351,750 shares of the basic materials company’s stock worth $22,439,000 after buying an additional 116,215 shares during the period. State Street Corp boosted its stake in shares of 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 worth $11,460,000 after buying an additional 39,689 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of 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 worth $9,390,000 after buying an additional 36,542 shares during the period. 76.49% of the stock is owned by hedge funds and other institutional investors.
About American Vanguard Corporation
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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