Zacks Investment Research upgraded shares of American Vanguard (NYSE:AVD) from a sell rating to a hold rating in a research note released on Tuesday morning.
According to Zacks, “American Vanguard Corporation is a diversified specialty and agricultural products company focusing on crop protection, turf and ornamental markets, and public health applications. The Company has continued its successful strategy of acquiring or licensing both new and well-established product lines that serve numerous high valued market niches. New product development and international expansion also provide an additional stimulus for growth. Through skilful marketing, diligent product registration, quality manufacturing, American Vanguard has positioned itself to capitalize on developing trends in modern agriculture. American Vanguard continues to meet the needs of a world demanding ever-increasing quantities of agricultural products for human food, animal feed, natural fibers and alternative fuels. “
AVD has been the subject of several other reports. Piper Jaffray Companies reaffirmed a hold rating and issued a $23.00 target price on shares of American Vanguard in a research report on Friday, November 3rd. Roth Capital set a $28.00 target price on shares of American Vanguard and gave the stock a buy rating in a research report on Sunday, October 1st. One investment 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 company. The stock currently has a consensus rating of Hold and an average price target of $25.33.
Shares of American Vanguard (NYSE AVD) opened at $20.70 on Tuesday. The stock has a market cap of $606.32, a price-to-earnings ratio of 38.33, a price-to-earnings-growth ratio of 1.62 and a beta of 1.23. American Vanguard has a twelve month low of $14.65 and a twelve month high of $24.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.37 and a quick ratio of 1.20.
American Vanguard (NYSE:AVD) last announced its quarterly 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). The firm had revenue of $90.00 million during the quarter, compared to the consensus estimate of $89.17 million. American Vanguard had a return on equity of 5.44% and a net margin of 4.83%. American Vanguard’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS. equities analysts expect that American Vanguard will post 0.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be given a $0.015 dividend. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.06 annualized dividend and a dividend yield of 0.29%. American Vanguard’s dividend payout ratio is 11.11%.
In other news, insider Timothy Donnelly sold 4,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $19.36, for a total value of $77,440.00. Following the completion of the sale, the insider now directly owns 37,564 shares of the company’s stock, valued at approximately $727,239.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David` T. Johnson sold 6,611 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $18.87, for a total transaction of $124,749.57. Following the completion of the sale, the insider now directly owns 28,429 shares of the company’s stock, valued at $536,455.23. The disclosure for this sale can be found here. Company insiders own 4.70% of the company’s stock.
Large investors have recently bought and sold shares of the company. Teachers Advisors LLC lifted its position in American Vanguard by 2.7% during the 1st quarter. Teachers Advisors LLC now owns 50,213 shares of the basic materials company’s stock valued at $834,000 after acquiring an additional 1,323 shares during the period. Schwab Charles Investment Management Inc. lifted its position in American Vanguard by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 102,878 shares of the basic materials company’s stock valued at $1,775,000 after acquiring an additional 646 shares during the period. Arizona State Retirement System lifted its position in American Vanguard by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 13,625 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 200 shares during the period. Bank of New York Mellon Corp lifted its position 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. Finally, Legal & General Group Plc lifted its position in American Vanguard by 10.6% during the 2nd quarter. Legal & General Group Plc now owns 48,203 shares of the basic materials company’s stock valued at $831,000 after acquiring an additional 4,636 shares during the period. 76.61% of the stock is owned by hedge funds and other institutional investors.
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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