American Vanguard Corporation (AVD) Stock Rating Lowered by Zacks Investment Research
American Vanguard Corporation (NYSE:AVD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
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. “
A number of other equities research analysts have also recently commented on AVD. BidaskClub cut American Vanguard Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Roth Capital set a $22.00 price target on shares of American Vanguard Corporation and gave the stock a “buy” rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.67.
American Vanguard Corporation (NYSE:AVD) traded up 0.42% during mid-day trading on Tuesday, reaching $23.70. The company’s stock had a trading volume of 123,202 shares. The firm has a 50 day moving average price of $20.85 and a 200 day moving average price of $18.39. American Vanguard Corporation has a 52-week low of $14.20 and a 52-week high of $23.80. The company has a market cap of $705.86 million, a price-to-earnings ratio of 48.37 and a beta of 1.26.
American Vanguard Corporation (NYSE:AVD) last issued its quarterly earnings results on Monday, July 31st. The basic materials company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The company had revenue of $77.90 million during the quarter, compared to the consensus estimate of $77.71 million. American Vanguard Corporation had a return on equity of 5.10% and a net margin of 4.56%. American Vanguard Corporation’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share. Equities research analysts anticipate that American Vanguard Corporation will post $0.65 earnings per share for the current year.
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In other American Vanguard Corporation news, insider David` T. Johnson sold 6,000 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 35,040 shares of the company’s stock, valued at $665,760. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.70% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of AVD. Mason Street Advisors LLC lifted its position in shares of American Vanguard Corporation by 7.0% during the 1st 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 during the last quarter. Acrospire Investment Management LLC grew its stake in shares of American Vanguard Corporation by 83.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 8,685 shares of the basic materials company’s stock worth $150,000 after acquiring an additional 3,956 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of American Vanguard Corporation by 54.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,019 shares of the basic materials company’s stock worth $156,000 after acquiring an additional 3,162 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of American Vanguard Corporation by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the basic materials company’s stock worth $185,000 after acquiring an additional 200 shares during the period. Finally, Oxford Asset Management bought a new position in shares of American Vanguard Corporation during the 1st quarter worth $192,000. Hedge funds and other institutional investors own 76.87% of the company’s stock.
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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