Dimensional Fund Advisors LP increased its position in American Vanguard Corporation (NYSE:AVD) by 3.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Comerica Bank boosted its stake in American Vanguard Corporation by 5.9% in the fourth quarter. Comerica Bank now owns 27,549 shares of the basic materials company’s stock worth $481,000 after buying an additional 1,534 shares during the last quarter. State Street Corp boosted its stake in 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 worth $11,460,000 after buying an additional 39,689 shares during the last quarter. Teachers Advisors LLC boosted its stake in American Vanguard Corporation by 11.4% in the fourth quarter. Teachers Advisors LLC now owns 48,890 shares of the basic materials company’s stock worth $936,000 after buying an additional 5,000 shares during the last quarter. Bank of Montreal Can boosted its stake in 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 worth $9,390,000 after buying an additional 36,542 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in American Vanguard Corporation by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the basic materials company’s stock worth $174,000 after buying an additional 100 shares during the last quarter. 77.75% of the stock is currently owned by institutional investors.
American Vanguard Corporation (NYSE AVD) traded up 0.25% during trading on Friday, reaching $19.70. 94,745 shares of the company were exchanged. The firm’s 50 day moving average is $18.89 and its 200 day moving average is $17.32. The stock has a market capitalization of $586.73 million, a PE ratio of 40.20 and a beta of 1.38. American Vanguard Corporation has a 52-week low of $14.20 and a 52-week high of $20.85.
American Vanguard Corporation (NYSE:AVD) last issued its earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $77.90 million for the quarter, compared to analyst estimates of $77.71 million. During the same period last year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts expect that American Vanguard Corporation will post $0.62 EPS for the current year.
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AVD has been the topic of a number of research analyst reports. TheStreet raised shares of American Vanguard Corporation from a “c+” rating to a “b-” rating in a report on Friday, May 5th. Zacks Investment Research upgraded shares of American Vanguard Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. BidaskClub upgraded shares of American Vanguard Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Roth Capital set a $22.00 target price on shares of American Vanguard Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.33.
In other American Vanguard Corporation news, insider David` T. Johnson sold 6,000 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $19.00, for a total value of $114,000.00. Following the sale, the insider now directly owns 35,040 shares of the company’s stock, valued at $665,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.70% of the stock is owned by company insiders.
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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