Victory Capital Management Inc. acquired a new stake in shares of American Vanguard Corporation (NYSE:AVD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,673 shares of the basic materials company’s stock, valued at approximately $153,000.

A number of other institutional investors have also recently made changes to their positions in the business. IFC Holdings Incorporated FL purchased a new position in American Vanguard during the third quarter valued at $222,000. First Trust Advisors LP purchased a new position in American Vanguard during the third quarter valued at $474,000. Walthausen & Co. LLC lifted its position in American Vanguard by 57.7% during the second quarter. Walthausen & Co. LLC now owns 701,722 shares of the basic materials company’s stock valued at $12,105,000 after buying an additional 256,637 shares during the period. The Manufacturers Life Insurance Company lifted its position in American Vanguard by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 23,442 shares of the basic materials company’s stock valued at $404,000 after buying an additional 895 shares during the period. Finally, BlueCrest Capital Management Ltd lifted its position in American Vanguard by 150.0% during the second quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the basic materials company’s stock valued at $863,000 after buying an additional 30,000 shares during the period. 76.36% of the stock is owned by institutional investors and hedge funds.

American Vanguard Corporation (AVD) opened at $20.25 on Wednesday. American Vanguard Corporation has a twelve month low of $14.65 and a twelve month high of $24.00. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $598.87, a price-to-earnings ratio of 37.22, a PEG ratio of 2.26 and a beta of 1.30.

American Vanguard (NYSE:AVD) last issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). American Vanguard had a net margin of 4.83% and a return on equity of 5.44%. The company had revenue of $90.00 million for the quarter, compared to the consensus estimate of $89.17 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. American Vanguard’s revenue was up 9.2% compared to the same quarter last year. sell-side analysts anticipate that American Vanguard Corporation will post 0.59 EPS for the current fiscal year.

Several equities analysts have commented on AVD shares. Zacks Investment Research lowered American Vanguard from a “buy” rating to a “sell” rating in a research report on Monday, November 6th. BidaskClub lowered American Vanguard from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Roth Capital set a $22.00 price objective on American Vanguard and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Piper Jaffray Companies set a $22.00 price objective on American Vanguard and gave the company a “hold” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $25.33.

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American Vanguard Profile

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.

Institutional Ownership by Quarter for American Vanguard (NYSE:AVD)

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