Hancock Holding Co. Has $208,000 Stake in American Vanguard Corporation (AVD)
Hancock Holding Co. increased its holdings in shares of American Vanguard Corporation (NYSE:AVD) by 7.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,029 shares of the basic materials company’s stock after acquiring an additional 813 shares during the period. Hancock Holding Co.’s holdings in American Vanguard Corporation were worth $208,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Mason Street Advisors LLC increased 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 acquiring an additional 395 shares during the period. Acrospire Investment Management LLC raised its position in American Vanguard Corporation by 83.7% in the second quarter. Acrospire Investment Management LLC now owns 8,685 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 3,956 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in American Vanguard Corporation by 54.0% in the second quarter. BNP Paribas Arbitrage SA now owns 9,019 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 3,162 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in American Vanguard Corporation by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 200 shares during the period. Finally, Oxford Asset Management bought a new position in American Vanguard Corporation during the first quarter worth about $192,000. Institutional investors and hedge funds own 76.87% of the company’s stock.
American Vanguard Corporation (AVD) opened at 22.90 on Monday. American Vanguard Corporation has a one year low of $14.20 and a one year high of $23.35. The company’s 50-day moving average is $20.22 and its 200 day moving average is $17.88. The company has a market capitalization of $682.03 million, a P/E ratio of 46.73 and a beta of 1.26.
American Vanguard Corporation (NYSE:AVD) last released its earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $77.90 million for the quarter, compared to analyst estimates of $77.71 million. During the same period in the prior year, the firm posted $0.11 EPS. American Vanguard Corporation’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts predict that American Vanguard Corporation will post $0.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Thursday, October 5th will be given a dividend of $0.015 per share. The ex-dividend date is Wednesday, October 4th. This represents a $0.06 annualized dividend and a yield of 0.26%. American Vanguard Corporation’s dividend payout ratio is 12.00%.
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In other American Vanguard Corporation news, insider David` T. Johnson sold 6,000 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $19.00, for a total transaction of $114,000.00. Following the sale, the insider now directly owns 35,040 shares in the company, valued at $665,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.70% of the company’s stock.
AVD has been the topic of a number of recent research reports. BidaskClub downgraded American Vanguard Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Roth Capital set a $22.00 target price on American Vanguard Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $20.67.
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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