Parametric Portfolio Associates LLC increased its stake in American Vanguard Corporation (NYSE:AVD) by 46.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,309 shares of the basic materials company’s stock after purchasing an additional 8,302 shares during the period. Parametric Portfolio Associates LLC owned 0.09% of American Vanguard worth $454,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in American Vanguard by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,505,167 shares of the basic materials company’s stock valued at $43,214,000 after acquiring an additional 74,966 shares during the period. Heartland Advisors Inc. lifted its stake in American Vanguard by 32.6% during the 2nd quarter. Heartland Advisors Inc. now owns 871,469 shares of the basic materials company’s stock valued at $15,033,000 after acquiring an additional 214,141 shares during the period. Bank of New York Mellon Corp lifted its stake in American Vanguard by 10.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 500,892 shares of the basic materials company’s stock valued at $8,640,000 after acquiring an additional 46,114 shares during the period. Kennedy Capital Management Inc. lifted its stake in American Vanguard by 1,158.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 374,744 shares of the basic materials company’s stock valued at $6,464,000 after acquiring an additional 344,971 shares during the period. Finally, Northern Trust Corp lifted its stake in American Vanguard by 6.8% during the 2nd quarter. Northern Trust Corp now owns 350,745 shares of the basic materials company’s stock valued at $6,051,000 after acquiring an additional 22,462 shares during the period. Institutional investors own 76.66% of the company’s stock.
American Vanguard Corporation (NYSE:AVD) opened at $20.10 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.37 and a debt-to-equity ratio of 0.19. American Vanguard Corporation has a 12 month low of $14.65 and a 12 month high of $24.00. The stock has a market cap of $598.88, a price-to-earnings ratio of 37.22, a P/E/G ratio of 2.26 and a beta of 1.30.
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 the consensus estimate 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 analyst estimates of $89.17 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. research analysts anticipate that American Vanguard Corporation will post 0.59 earnings per share for the current year.
Several analysts have commented on AVD shares. Zacks Investment Research cut shares of American Vanguard from a “buy” rating to a “sell” rating in a research note on Monday, November 6th. Roth Capital set a $22.00 price objective on shares of American Vanguard and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies restated a “hold” rating and set a $23.00 price objective on shares of American Vanguard in a research note on Friday, November 3rd. 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 investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. American Vanguard presently has a consensus rating of “Hold” and an average target price of $25.33.
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About American Vanguard
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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