Swiss National Bank held its stake in shares of American Vanguard Corp. (NYSE:AVD) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 47,051 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.16% of American Vanguard Corp. worth $711,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Hartford Investment Management Co. acquired a new stake in shares of American Vanguard Corp. during the second quarter valued at $157,000. Spark Investment Management LLC acquired a new stake in shares of American Vanguard Corp. during the first quarter valued at $298,000. Strs Ohio increased its stake in shares of American Vanguard Corp. by 5,687.5% in the second quarter. Strs Ohio now owns 46,300 shares of the company’s stock valued at $699,000 after buying an additional 45,500 shares during the period. New York State Teachers Retirement System increased its stake in shares of American Vanguard Corp. by 21.9% in the second quarter. New York State Teachers Retirement System now owns 48,461 shares of the company’s stock valued at $732,000 after buying an additional 8,700 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of American Vanguard Corp. by 3.9% in the first quarter. Prudential Financial Inc. now owns 61,090 shares of the company’s stock valued at $964,000 after buying an additional 2,300 shares during the period. Institutional investors and hedge funds own 79.52% of the company’s stock.
American Vanguard Corp. (NYSE:AVD) traded down 1.55% during midday trading on Tuesday, hitting $15.85. 68,604 shares of the stock were exchanged. American Vanguard Corp. has a 52 week low of $9.63 and a 52 week high of $17.92. The firm’s 50-day moving average is $16.39 and its 200 day moving average is $15.51. The stock has a market cap of $465.17 million, a price-to-earnings ratio of 38.75 and a beta of 1.19.
American Vanguard Corp. (NYSE:AVD) last issued its earnings results on Tuesday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $72.70 million for the quarter, compared to analyst estimates of $72.78 million. American Vanguard Corp. had a net margin of 3.95% and a return on equity of 4.37%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 EPS. Equities research analysts expect that American Vanguard Corp. will post $0.47 EPS for the current fiscal year.
A number of equities research analysts recently commented on AVD shares. SunTrust Banks Inc. upgraded shares of American Vanguard Corp. from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of American Vanguard Corp. from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, August 1st. Finally, BB&T Corp. downgraded shares of American Vanguard Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $15.13.
In related news, VP Scott Hendrix sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $17.25, for a total transaction of $69,000.00. Following the completion of the sale, the vice president now owns 14,296 shares of the company’s stock, valued at approximately $246,606. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ulrich Trogele acquired 5,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were acquired at an average cost of $15.91 per share, with a total value of $79,550.00. Following the transaction, the insider now owns 72,604 shares in the company, valued at $1,155,129.64. The disclosure for this purchase can be found here. 4.30% of the stock is currently owned by insiders.
About American Vanguard Corp.
American Vanguard Corporation (AVD) 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 CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV) and Envance Technologies, LLC (Envance).
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