State of Tennessee Treasury Department Has $412,000 Holdings in American Vanguard Corporation (AVD)
State of Tennessee Treasury Department held its position in American Vanguard Corporation (NYSE:AVD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,882 shares of the basic materials company’s stock at the close of the second quarter. State of Tennessee Treasury Department owned 0.08% of American Vanguard Corporation worth $412,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Mason Street Advisors LLC grew its stake in shares of American Vanguard Corporation by 7.0% during the first quarter. Mason Street Advisors LLC now owns 6,041 shares of the basic materials company’s stock valued at $100,000 after purchasing an additional 395 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of 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 valued at $156,000 after purchasing an additional 3,162 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of American Vanguard Corporation by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 200 shares in the last quarter. Oxford Asset Management acquired a new stake in shares of American Vanguard Corporation in the first quarter valued at approximately $192,000. Finally, Arizona State Retirement System increased its holdings in shares of American Vanguard Corporation by 0.8% in the first quarter. Arizona State Retirement System now owns 13,425 shares of the basic materials company’s stock valued at $223,000 after purchasing an additional 100 shares in the last quarter. 76.87% of the stock is currently owned by institutional investors.
In related news, insider David` T. Johnson sold 6,000 shares of the firm’s 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 sale, the insider now owns 35,040 shares of the company’s stock, valued at approximately $665,760. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.70% of the stock is currently owned by corporate insiders.
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Several research analysts recently weighed in on AVD shares. Roth Capital set a $28.00 price objective on shares of American Vanguard Corporation and gave the stock a “buy” rating in a research report on Sunday. Zacks Investment Research raised American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Friday, September 15th. Finally, BidaskClub upgraded American Vanguard Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. American Vanguard Corporation currently has a consensus rating of “Buy” and an average price target of $22.67.
Shares of American Vanguard Corporation (NYSE AVD) opened at 23.60 on Tuesday. American Vanguard Corporation has a 12 month low of $14.20 and a 12 month high of $23.60. The company has a 50-day moving average price of $20.75 and a 200-day moving average price of $18.33. The firm has a market capitalization of $702.88 million, a price-to-earnings ratio of 48.16 and a beta of 1.26.
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. The firm had revenue of $77.90 million for the quarter, compared to analysts’ expectations of $77.71 million. American Vanguard Corporation had a net margin of 4.56% and a return on equity of 5.10%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Equities analysts forecast that American Vanguard Corporation will post $0.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Thursday, October 5th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Wednesday, October 4th. American Vanguard Corporation’s payout ratio is 12.00%.
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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