Oppenheimer Asset Management Inc. lessened its stake in American Vanguard Corp. (NYSE:AVD) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,012 shares of the basic materials company’s stock after selling 3,940 shares during the period. Oppenheimer Asset Management Inc. owned about 0.13% of American Vanguard worth $893,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new position in American Vanguard during the third quarter worth about $141,000. Acrospire Investment Management LLC lifted its stake in American Vanguard by 83.7% during the second quarter. Acrospire Investment Management LLC now owns 8,685 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 3,956 shares during the period. Victory Capital Management Inc. bought a new position in American Vanguard during the third quarter worth about $153,000. BNP Paribas Arbitrage SA lifted its stake in American Vanguard by 54.0% during the second quarter. BNP Paribas Arbitrage SA now owns 9,019 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 3,162 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in American Vanguard 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. Institutional investors and hedge funds own 76.61% of the company’s stock.
In other news, insider David` T. Johnson sold 6,611 shares of American Vanguard stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $18.87, for a total value of $124,749.57. Following the completion of the transaction, the insider now owns 28,429 shares in the company, valued at $536,455.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Timothy Donnelly sold 4,000 shares of American Vanguard stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $19.36, for a total transaction of $77,440.00. Following the completion of the transaction, the insider now owns 37,564 shares of the company’s stock, valued at approximately $727,239.04. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.
American Vanguard (NYSE:AVD) last posted its earnings results on Thursday, November 2nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). American Vanguard had a net margin of 4.83% and a return on equity of 5.44%. The firm had revenue of $90.00 million during the quarter, compared to the consensus estimate of $89.17 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue was up 9.2% on a year-over-year basis. equities analysts expect that American Vanguard Corp. will post 0.59 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Tuesday, December 26th. American Vanguard’s dividend payout ratio (DPR) is currently 11.11%.
A number of brokerages have commented on AVD. Zacks Investment Research cut shares of American Vanguard from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Piper Jaffray Companies restated a “hold” rating and set a $23.00 price target on shares of American Vanguard in a research note on Friday, November 3rd. Roth Capital set a $28.00 price target on shares of American Vanguard and gave the stock a “buy” rating in a research note on Sunday, October 1st. Finally, BidaskClub cut shares of American Vanguard from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. American Vanguard presently has an average rating of “Hold” and an average price target of $25.33.
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American Vanguard 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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