American Vanguard Corporation (AVD) Stake Increased by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC raised its stake in American Vanguard Corporation (NYSE:AVD) by 13.3% during the first quarter, Holdings Channel reports. The institutional investor owned 89,528 shares of the basic materials company’s stock after buying an additional 10,522 shares during the period. TIAA CREF Investment Management LLC’s holdings in American Vanguard Corporation were worth $1,486,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Mason Street Advisors LLC boosted its stake in American Vanguard Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,041 shares of the basic materials company’s stock valued at $100,000 after buying an additional 395 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in American Vanguard Corporation by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the basic materials company’s stock valued at $174,000 after buying an additional 100 shares in the last quarter. Hancock Holding Co. acquired a new stake in American Vanguard Corporation during the first quarter valued at approximately $186,000. Oxford Asset Management acquired a new stake in American Vanguard Corporation during the first quarter valued at approximately $192,000. Finally, Hartford Investment Management Co. boosted its stake in American Vanguard Corporation by 20.2% in the first quarter. Hartford Investment Management Co. now owns 12,500 shares of the basic materials company’s stock valued at $208,000 after buying an additional 2,100 shares in the last quarter. 76.49% of the stock is owned by institutional investors and hedge funds.
Shares of American Vanguard Corporation (NYSE AVD) traded down 1.72% on Friday, reaching $19.95. The company’s stock had a trading volume of 102,350 shares. The company has a market cap of $594.17 million, a P/E ratio of 40.71 and a beta of 1.38. The company’s 50 day moving average price is $18.54 and its 200 day moving average price is $17.24. American Vanguard Corporation has a 12-month low of $14.20 and a 12-month high of $20.85.
American Vanguard Corporation (NYSE:AVD) last posted its earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. American Vanguard Corporation had a return on equity of 5.10% and a net margin of 4.56%. The firm had revenue of $77.90 million for the quarter, compared to the consensus estimate of $77.71 million. During the same quarter in the prior year, the business earned $0.11 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts forecast that American Vanguard Corporation will post $0.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.015 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.30%. American Vanguard Corporation’s dividend payout ratio (DPR) is 12.00%.
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Several research firms recently commented on AVD. Zacks Investment Research cut American Vanguard Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded American Vanguard Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday. Roth Capital set a $22.00 price target on American Vanguard Corporation and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, TheStreet upgraded American Vanguard Corporation from a “c+” rating to a “b-” rating in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. American Vanguard Corporation has an average rating of “Hold” and an average price target of $19.33.
In other American Vanguard Corporation news, insider David` T. Johnson sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $19.00, for a total transaction of $114,000.00. Following the transaction, the insider now owns 35,040 shares in the company, valued at approximately $665,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.70% of the stock is currently owned by corporate insiders.
American Vanguard Corporation Company 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.
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