American Vanguard Corporation (NYSE:AVD) Upgraded to Sell at BidaskClub

American Vanguard Corporation (NYSE:AVD) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Friday, July 7th. Roth Capital set a $22.00 price target on shares of American Vanguard Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, TheStreet raised shares of American Vanguard Corporation from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $19.33.

Shares of American Vanguard Corporation (NYSE AVD) traded down 0.122% during mid-day trading on Thursday, hitting $20.425. The company had a trading volume of 3,434 shares. The firm has a market capitalization of $608.32 million, a price-to-earnings ratio of 41.684 and a beta of 1.38. The firm has a 50-day moving average price of $18.39 and a 200 day moving average price of $17.20. American Vanguard Corporation has a 52-week low of $14.20 and a 52-week high of $20.85.

American Vanguard Corporation (NYSE:AVD) last posted its quarterly earnings data on Monday, July 31st. The basic materials company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. The firm had revenue of $77.90 million during the quarter, compared to analysts’ expectations of $77.71 million. American Vanguard Corporation had a net margin of 4.56% and a return on equity of 5.10%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. Analysts expect that American Vanguard Corporation will post $0.62 earnings per share for the current year.

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In other American Vanguard Corporation news, insider David` T. Johnson sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $19.00, for a total value of $114,000.00. Following the completion of the transaction, the insider now owns 35,040 shares of the company’s stock, valued at approximately $665,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of AVD. Louisiana State Employees Retirement System boosted its position in shares of American Vanguard Corporation by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the basic materials company’s stock valued at $174,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System boosted its position in shares of American Vanguard Corporation by 0.8% in the first quarter. Arizona State Retirement System now owns 13,425 shares of the basic materials company’s stock valued at $223,000 after buying an additional 100 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of American Vanguard Corporation by 0.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 39,515 shares of the basic materials company’s stock valued at $682,000 after buying an additional 100 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of American Vanguard Corporation by 0.3% in the first quarter. Prudential Financial Inc. now owns 43,710 shares of the basic materials company’s stock valued at $726,000 after buying an additional 150 shares in the last quarter. Finally, Spark Investment Management LLC boosted its position in shares of American Vanguard Corporation by 1.9% in the first quarter. Spark Investment Management LLC now owns 16,100 shares of the basic materials company’s stock valued at $267,000 after buying an additional 300 shares in the last quarter. 76.49% of the stock is owned by institutional investors.

American Vanguard Corporation 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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