American Vanguard Corp. (NYSE:AVD) saw unusually-strong trading volume on Monday . Approximately 134,118 shares traded hands during mid-day trading, an increase of 23% from the previous session’s volume of 109,056 shares.The stock last traded at $16.17 and had previously closed at $16.26.
Several analysts have recently commented on AVD shares. SunTrust Banks Inc. upgraded shares of American Vanguard Corp. from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of American Vanguard Corp. from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Monday, August 1st. Finally, BB&T Corp. downgraded shares of American Vanguard Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. American Vanguard Corp. presently has a consensus rating of “Hold” and a consensus price target of $15.13.
The company has a market capitalization of $473.68 million, a price-to-earnings ratio of 39.46 and a beta of 1.15. The stock has a 50 day moving average price of $16.73 and a 200-day moving average price of $15.49.
American Vanguard Corp. (NYSE:AVD) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. American Vanguard Corp. had a net margin of 3.95% and a return on equity of 4.37%. The business had revenue of $72.70 million for the quarter, compared to analysts’ expectations of $72.78 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts forecast that American Vanguard Corp. will post $0.47 EPS for the current fiscal year.
In other news, VP Scott Hendrix sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $17.25, for a total transaction of $69,000.00. Following the sale, the vice president now owns 14,296 shares in the company, valued at approximately $246,606. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ulrich Trogele bought 5,000 shares of the company’s stock in a transaction dated Friday, September 9th. The shares were acquired at an average price of $15.91 per share, for a total transaction of $79,550.00. Following the acquisition, the insider now owns 72,604 shares in the company, valued at approximately $1,155,129.64. The disclosure for this purchase can be found here. Insiders own 4.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Malaga Cove Capital LLC acquired a new stake in shares of American Vanguard Corp. during the first quarter worth approximately $594,000. IFP Advisors Inc acquired a new stake in shares of American Vanguard Corp. during the first quarter worth approximately $1,289,000. Prudential Financial Inc. boosted its stake in shares of American Vanguard Corp. by 3.9% in the first quarter. Prudential Financial Inc. now owns 61,090 shares of the company’s stock worth $964,000 after buying an additional 2,300 shares during the period. Spark Investment Management LLC acquired a new stake in shares of American Vanguard Corp. during the first quarter worth approximately $298,000. Finally, Geode Capital Management LLC boosted its stake in shares of American Vanguard Corp. by 2.1% in the first quarter. Geode Capital Management LLC now owns 164,922 shares of the company’s stock worth $2,602,000 after buying an additional 3,313 shares during the period. Hedge funds and other institutional investors own 80.39% of the company’s stock.
About American Vanguard Corp.
American Vanguard Corporation (AVD) 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 CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV) and Envance Technologies, LLC (Envance).
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