American Vanguard Corporation (AVD) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of American Vanguard Corporation (NYSE:AVD) from a hold rating to a buy rating in a research report released on Wednesday. They currently have $25.00 price objective on the basic materials company’s stock.

According to Zacks, “AMERICAN VANGUARD CORP. is a holding company, which through its subsidiaries, is engaged in the manufacturer and formulation of chemicals for crops, human and animal health protection. These chemicals which include insecticides, fungicides, molluscicides, growth regulatorsain, and soil fumigants, are marketed in liquid, powder, and granular forms. “

Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of American Vanguard Corporation from a strong sell rating to a sell rating in a research note on Thursday, August 10th. Roth Capital set a $22.00 target price on shares of American Vanguard Corporation and gave the company a buy rating in a research note on Tuesday, August 1st. Finally, Piper Jaffray Companies set a $22.00 price target on shares of American Vanguard Corporation and gave the company a hold rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $25.00.

American Vanguard Corporation (NYSE:AVD) last issued its earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share (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 business had revenue of $77.90 million during the quarter, compared to the consensus estimate of $77.71 million. During the same period last year, the business posted $0.11 EPS. American Vanguard Corporation’s revenue was up 7.2% on a year-over-year basis.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in shares of American Vanguard Corporation by 0.8% during the first quarter. Arizona State Retirement System now owns 13,425 shares of the basic materials company’s stock worth $223,000 after purchasing an additional 100 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of American Vanguard Corporation by 0.3% during 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 purchasing an additional 100 shares during the period. Prudential Financial Inc. increased its holdings in shares of American Vanguard Corporation by 0.3% during the first quarter. Prudential Financial Inc. now owns 43,710 shares of the basic materials company’s stock worth $726,000 after purchasing an additional 150 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of American Vanguard Corporation by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 200 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of American Vanguard Corporation by 1.5% during the second quarter. Wells Fargo & Company MN now owns 20,012 shares of the basic materials company’s stock worth $345,000 after purchasing an additional 294 shares during the period. 77.08% of the stock is currently owned by institutional investors.

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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