Dimensional Fund Advisors LP increased its stake in American Vanguard Corporation (NYSE:AVD) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,370,250 shares of the basic materials company’s stock after buying an additional 84,367 shares during the period. Dimensional Fund Advisors LP’s holdings in American Vanguard Corporation were worth $39,345,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in American Vanguard Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 2,430,201 shares of the basic materials company’s stock valued at $40,342,000 after buying an additional 119,462 shares during the period. State Street Corp boosted its stake in shares of American Vanguard Corporation by 7.1% in the fourth quarter. State Street Corp now owns 598,402 shares of the basic materials company’s stock valued at $11,460,000 after buying an additional 39,689 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of American Vanguard Corporation by 6.9% in the first quarter. Bank of Montreal Can now owns 565,690 shares of the basic materials company’s stock valued at $9,390,000 after buying an additional 36,542 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of American Vanguard Corporation by 106.1% in the first quarter. JPMorgan Chase & Co. now owns 539,145 shares of the basic materials company’s stock valued at $8,949,000 after buying an additional 277,593 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of American Vanguard Corporation by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 454,778 shares of the basic materials company’s stock valued at $7,550,000 after buying an additional 10,076 shares during the last quarter. 76.49% of the stock is owned by institutional investors.
American Vanguard Corporation (NYSE:AVD) opened at 19.95 on Friday. The firm’s 50-day moving average price is $18.54 and its 200-day moving average price is $17.24. American Vanguard Corporation has a 52 week low of $14.20 and a 52 week high of $20.85. The company has a market capitalization of $594.17 million, a price-to-earnings ratio of 40.71 and a beta of 1.38.
American Vanguard Corporation (NYSE:AVD) last posted its quarterly earnings results on Monday, July 31st. The basic materials company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $77.90 million during 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 business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $0.11 earnings per share. On average, equities analysts expect that American Vanguard Corporation will post $0.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Wednesday, June 28th. American Vanguard Corporation’s payout ratio is 12.00%.
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AVD has been the topic of several research reports. Zacks Investment Research upgraded American Vanguard Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. TheStreet raised American Vanguard Corporation from a “c+” rating to a “b-” rating in a report on Friday, May 5th. BidaskClub raised American Vanguard Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Roth Capital set a $22.00 price objective on American Vanguard Corporation and gave the stock a “buy” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $19.33.
In other American Vanguard Corporation news, insider David` T. Johnson sold 6,000 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $19.00, for a total value of $114,000.00. Following the completion of the sale, the insider now directly owns 35,040 shares in the company, valued at $665,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.70% of the company’s stock.
About American Vanguard Corporation
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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