Ameriprise Financial Inc. Acquires 2,115 Shares of American Vanguard Corporation (AVD)

Ameriprise Financial Inc. boosted its holdings in American Vanguard Corporation (NYSE:AVD) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 137,338 shares of the basic materials company’s stock after buying an additional 2,115 shares during the quarter. Ameriprise Financial Inc. owned 0.46% of American Vanguard Corporation worth $2,369,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Arizona State Retirement System grew its position in 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 worth $223,000 after buying an additional 100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in American Vanguard Corporation by 0.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 39,515 shares of the basic materials company’s stock worth $682,000 after buying an additional 100 shares during the last quarter. Prudential Financial Inc. grew its position in American Vanguard Corporation by 0.3% in the first quarter. Prudential Financial Inc. now owns 43,710 shares of the basic materials company’s stock worth $726,000 after buying an additional 150 shares during the last quarter. Louisiana State Employees Retirement System grew its position in 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 worth $185,000 after buying an additional 200 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in American Vanguard Corporation by 1.5% in the second quarter. Wells Fargo & Company MN now owns 20,012 shares of the basic materials company’s stock worth $345,000 after buying an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 77.08% of the company’s stock.

Several research analysts have issued reports on AVD shares. Zacks Investment Research upgraded shares of American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, July 7th. BidaskClub upgraded shares of American Vanguard Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Roth Capital set a $22.00 price target on shares of American Vanguard Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, Piper Jaffray Companies set a $22.00 price target on shares of American Vanguard Corporation and gave the stock a “hold” rating in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.33.

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American Vanguard Corporation (NYSE:AVD) opened at 22.50 on Wednesday. American Vanguard Corporation has a 1-year low of $14.20 and a 1-year high of $24.00. The firm has a market cap of $670.12 million, a price-to-earnings ratio of 45.92 and a beta of 1.26. The company has a 50-day moving average of $22.41 and a 200-day moving average of $19.32.

American Vanguard Corporation (NYSE:AVD) last issued its earnings results on Monday, July 31st. The basic materials company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. American Vanguard Corporation had a net margin of 4.56% and a return on equity of 5.10%. The firm had revenue of $77.90 million during the quarter, compared to the consensus estimate of $77.71 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts predict that American Vanguard Corporation will post $0.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Thursday, October 5th were paid a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Wednesday, October 4th. American Vanguard Corporation’s payout ratio is presently 12.00%.

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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Institutional Ownership by Quarter for American Vanguard Corporation (NYSE:AVD)

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