Renaissance Technologies LLC Grows Holdings in American Vanguard Corp. (AVD)

Renaissance Technologies LLC boosted its holdings in shares of American Vanguard Corp. (NYSE:AVD) by 14.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 547,952 shares of the basic materials company’s stock after buying an additional 67,800 shares during the quarter. Renaissance Technologies LLC owned 1.84% of American Vanguard worth $10,767,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AVD. First Trust Advisors LP increased its position in shares of American Vanguard by 13.4% in the 4th quarter. First Trust Advisors LP now owns 23,470 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 2,766 shares during the last quarter. Strs Ohio increased its position in shares of American Vanguard by 14.3% in the 4th quarter. Strs Ohio now owns 40,000 shares of the basic materials company’s stock valued at $786,000 after purchasing an additional 5,000 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of American Vanguard by 58.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 14,294 shares of the basic materials company’s stock valued at $327,000 after purchasing an additional 5,275 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of American Vanguard in the 3rd quarter valued at approximately $141,000. Finally, Rhumbline Advisers increased its position in shares of American Vanguard by 13.7% in the 4th quarter. Rhumbline Advisers now owns 67,360 shares of the basic materials company’s stock valued at $1,324,000 after purchasing an additional 8,093 shares during the last quarter. Institutional investors own 76.80% of the company’s stock.

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Shares of NYSE:AVD opened at $21.05 on Friday. American Vanguard Corp. has a 52 week low of $15.20 and a 52 week high of $24.00. The company has a current ratio of 2.02, a quick ratio of 1.04 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $604.83, a price-to-earnings ratio of 35.00 and a beta of 1.19.

American Vanguard (NYSE:AVD) last announced its quarterly earnings data on Monday, March 12th. The basic materials company reported $0.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.17. The company had revenue of $116.50 million for the quarter, compared to the consensus estimate of $110.06 million. American Vanguard had a net margin of 5.70% and a return on equity of 5.74%. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. research analysts forecast that American Vanguard Corp. will post 0.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.38%. This is an increase from American Vanguard’s previous quarterly dividend of $0.02. The ex-dividend date is Wednesday, March 28th. American Vanguard’s dividend payout ratio (DPR) is 14.04%.

A number of brokerages have commented on AVD. ValuEngine raised shares of American Vanguard from a “hold” rating to a “buy” rating in a research report on Monday. Roth Capital reissued a “buy” rating on shares of American Vanguard in a research report on Thursday, March 15th. Finally, Zacks Investment Research downgraded shares of American Vanguard from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. American Vanguard currently has a consensus rating of “Hold” and a consensus price target of $25.33.

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American Vanguard 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.

Institutional Ownership by Quarter for American Vanguard (NYSE:AVD)

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