Russell Investments Group Ltd. Cuts Stake in American Vanguard Corp. (AVD)
Russell Investments Group Ltd. trimmed its position in American Vanguard Corp. (NYSE:AVD) by 17.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,183 shares of the basic materials company’s stock after selling 17,785 shares during the quarter. Russell Investments Group Ltd. owned 0.28% of American Vanguard worth $1,886,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC purchased a new position in shares of American Vanguard in the 2nd quarter worth about $141,000. SG Americas Securities LLC purchased a new position in shares of American Vanguard in the 2nd quarter worth about $219,000. Victory Capital Management Inc. raised its holdings in shares of American Vanguard by 84.3% in the 1st quarter. Victory Capital Management Inc. now owns 13,468 shares of the basic materials company’s stock worth $272,000 after purchasing an additional 6,161 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of American Vanguard in the 1st quarter worth about $355,000. Finally, Barclays PLC raised its holdings in shares of American Vanguard by 344.7% in the 1st quarter. Barclays PLC now owns 22,075 shares of the basic materials company’s stock worth $446,000 after purchasing an additional 17,111 shares during the period. Institutional investors own 74.64% of the company’s stock.
AVD has been the topic of a number of research reports. ValuEngine downgraded American Vanguard from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research upgraded American Vanguard from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th.
American Vanguard (NYSE:AVD) last announced its earnings results on Monday, August 6th. The basic materials company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $107.04 million for the quarter, compared to the consensus estimate of $111.90 million. American Vanguard had a return on equity of 6.29% and a net margin of 5.45%. The company’s revenue was up 37.4% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS. equities analysts forecast that American Vanguard Corp. will post 0.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 17th. Investors of record on Wednesday, October 3rd will be issued a dividend of $0.02 per share. The ex-dividend date is Tuesday, October 2nd. This represents a $0.08 annualized dividend and a dividend yield of 0.41%. American Vanguard’s payout ratio is currently 14.04%.
In related news, CFO David` T. Johnson sold 9,940 shares of the firm’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $20.91, for a total transaction of $207,845.40. Following the sale, the chief financial officer now directly owns 36,095 shares in the company, valued at approximately $754,746.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.20% of the company’s stock.
American Vanguard 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. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.
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