Bank of New York Mellon Corp lowered its stake in shares of American Vanguard Corp. (NYSE:AVD) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 426,407 shares of the company’s stock after selling 3,186 shares during the period. Bank of New York Mellon Corp owned 1.46% of American Vanguard Corp. worth $6,443,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Malaga Cove Capital LLC purchased a new stake in American Vanguard Corp. during the first quarter valued at $594,000. IFP Advisors Inc purchased a new stake in American Vanguard Corp. during the first quarter valued at $1,289,000. Prudential Financial Inc. increased its stake in American Vanguard Corp. by 3.9% in the first quarter. Prudential Financial Inc. now owns 61,090 shares of the company’s stock valued at $964,000 after buying an additional 2,300 shares during the period. Spark Investment Management LLC purchased a new stake in American Vanguard Corp. during the first quarter valued at $298,000. Finally, Geode Capital Management LLC increased its stake in American Vanguard Corp. by 2.1% in the first quarter. Geode Capital Management LLC now owns 164,922 shares of the company’s stock valued at $2,602,000 after buying an additional 3,313 shares during the period. 79.52% of the stock is currently owned by institutional investors.

Shares of American Vanguard Corp. (NYSE:AVD) traded up 1.44% on Wednesday, hitting $16.23. The stock had a trading volume of 95,660 shares. The firm has a market capitalization of $476.32 million, a price-to-earnings ratio of 39.68 and a beta of 1.15. The firm has a 50 day moving average of $16.77 and a 200-day moving average of $15.49. American Vanguard Corp. has a 1-year low of $9.63 and a 1-year high of $17.92.

American Vanguard Corp. (NYSE:AVD) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The company earned $72.70 million during the quarter, compared to the consensus estimate of $72.78 million. American Vanguard Corp. had a net margin of 3.95% and a return on equity of 4.37%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 earnings per share. Equities analysts predict that American Vanguard Corp. will post $0.47 earnings per share for the current year.

Several equities research analysts recently weighed in on AVD shares. BB&T Corp. downgraded 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. Zacks Investment Research raised American Vanguard Corp. from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Monday, August 1st. Finally, SunTrust Banks Inc. raised American Vanguard Corp. from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.13.

In other American Vanguard Corp. news, VP Scott Hendrix sold 4,000 shares of American Vanguard Corp. stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $17.25, for a total value of $69,000.00. Following the completion of the sale, the vice president now owns 14,296 shares of the company’s stock, valued at approximately $246,606. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John Rizzi sold 5,000 shares of American Vanguard Corp. stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $17.34, for a total transaction of $86,700.00. Following the completion of the sale, the insider now directly owns 32,315 shares of the company’s stock, valued at approximately $560,342.10. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.

American Vanguard Corp. Company Profile

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).

5 Day Chart for NYSE:AVD

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