Pullen Investment Management LLC Has $1.07 Million Stake in American Vanguard Co. (NYSE:AVD)

Pullen Investment Management LLC raised its holdings in American Vanguard Co. (NYSE:AVD) by 36.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 243,143 shares of the basic materials company’s stock after purchasing an additional 64,901 shares during the period. Pullen Investment Management LLC’s holdings in American Vanguard were worth $1,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AVD. Wellington Management Group LLP grew its position in American Vanguard by 2.0% during the fourth quarter. Wellington Management Group LLP now owns 1,498,061 shares of the basic materials company’s stock worth $6,936,000 after buying an additional 29,713 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of American Vanguard by 9.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 990,238 shares of the basic materials company’s stock valued at $4,585,000 after acquiring an additional 88,070 shares during the period. Topline Capital Management LLC acquired a new stake in shares of American Vanguard during the 4th quarter worth $3,758,000. Geode Capital Management LLC grew its holdings in shares of American Vanguard by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 595,771 shares of the basic materials company’s stock worth $2,759,000 after purchasing an additional 13,798 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of American Vanguard in the fourth quarter worth $2,666,000. Institutional investors and hedge funds own 79.04% of the company’s stock.

American Vanguard Stock Down 7.3%

Shares of AVD opened at $4.19 on Friday. The firm has a 50 day simple moving average of $4.24 and a two-hundred day simple moving average of $4.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 0.79. American Vanguard Co. has a one year low of $3.28 and a one year high of $9.84. The company has a market cap of $118.25 million, a P/E ratio of -4.07 and a beta of 1.28.

American Vanguard (NYSE:AVD) last issued its quarterly earnings results on Friday, June 6th. The basic materials company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.21). American Vanguard had a negative net margin of 5.22% and a negative return on equity of 3.45%. The business had revenue of $127.00 million during the quarter, compared to the consensus estimate of $127.00 million. During the same quarter in the previous year, the business posted $0.06 EPS.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AVD. Wall Street Zen cut shares of American Vanguard from a “hold” rating to a “sell” rating in a research report on Saturday, June 7th. Lake Street Capital dropped their target price on shares of American Vanguard from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, June 9th.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.