American Vanguard Co. (NYSE:AVD) saw unusually-high trading volume on Tuesday after Roth Capital raised their price target on the stock from $16.00 to $24.00. Roth Capital currently has a buy rating on the stock. Approximately 9,729 shares changed hands during mid-day trading, a decline of 91% from the previous session’s volume of 109,931 shares.The stock last traded at $20.48 and had previously closed at $20.07.
A number of other research firms have also recently commented on AVD. TheStreet upgraded American Vanguard from a “c” rating to a “b-” rating in a research note on Wednesday, February 24th. Loop Capital upped their price target on American Vanguard from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in shares of American Vanguard in the fourth quarter valued at $55,000. Citigroup Inc. raised its stake in American Vanguard by 282.7% in the fourth quarter. Citigroup Inc. now owns 6,920 shares of the basic materials company’s stock valued at $107,000 after buying an additional 5,112 shares in the last quarter. Strs Ohio acquired a new stake in American Vanguard in the first quarter valued at $126,000. Cubist Systematic Strategies LLC acquired a new stake in American Vanguard in the third quarter valued at $148,000. Finally, Poplar Forest Capital LLC acquired a new stake in American Vanguard in the fourth quarter valued at $157,000. Institutional investors and hedge funds own 76.49% of the company’s stock.
The company has a debt-to-equity ratio of 0.43, a current ratio of 2.35 and a quick ratio of 1.17. The company has a market capitalization of $631.02 million, a price-to-earnings ratio of 55.19 and a beta of 1.02. The stock has a 50 day simple moving average of $20.40 and a two-hundred day simple moving average of $17.58.
American Vanguard (NYSE:AVD) last posted its quarterly earnings results on Wednesday, March 10th. The basic materials company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.04. American Vanguard had a return on equity of 3.16% and a net margin of 2.40%. The company had revenue of $140.75 million for the quarter, compared to analysts’ expectations of $146.00 million. Equities research analysts predict that American Vanguard Co. will post 0.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Thursday, March 25th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Wednesday, March 24th. American Vanguard’s payout ratio is 17.39%.
About American Vanguard (NYSE:AVD)
American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.
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