American Vanguard (NYSE:AVD) Releases Quarterly Earnings Results

American Vanguard (NYSE:AVD) announced its earnings results on Monday. The basic materials company reported ($0.18) EPS for the quarter, Zacks reports. American Vanguard had a negative return on equity of 26.21% and a negative net margin of 23.72%.

American Vanguard Stock Performance

AVD traded down $0.12 during trading on Monday, reaching $4.98. 69,342 shares of the company’s stock were exchanged, compared to its average volume of 216,818. The company has a market capitalization of $141.59 million, a P/E ratio of -1.12 and a beta of 1.26. The company has a quick ratio of 1.00, a current ratio of 1.91 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average price of $5.31 and a 200 day moving average price of $4.66. American Vanguard has a fifty-two week low of $3.28 and a fifty-two week high of $6.68.

Analyst Upgrades and Downgrades

AVD has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of American Vanguard in a research note on Wednesday, October 8th. Wall Street Zen raised American Vanguard from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.00.

Hedge Funds Weigh In On American Vanguard

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio acquired a new stake in American Vanguard in the 1st quarter valued at $28,000. XTX Topco Ltd acquired a new stake in shares of American Vanguard in the 2nd quarter valued at $57,000. Jane Street Group LLC grew its holdings in shares of American Vanguard by 287.6% in the 1st quarter. Jane Street Group LLC now owns 40,509 shares of the basic materials company’s stock worth $178,000 after purchasing an additional 30,058 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of American Vanguard by 1,732.4% during the 1st quarter. Acadian Asset Management LLC now owns 58,234 shares of the basic materials company’s stock worth $253,000 after purchasing an additional 55,056 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in American Vanguard during the 2nd quarter valued at about $287,000. Institutional investors own 79.00% of the company’s stock.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.