American Vanguard (AVD) Sets New 1-Year Low at $15.20

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American Vanguard Corp. (NYSE:AVD) reached a new 52-week low on Thursday . The stock traded as low as $15.20 and last traded at $15.31, with a volume of 9745 shares trading hands. The stock had previously closed at $15.79.

Several equities research analysts have recently weighed in on AVD shares. Loop Capital raised American Vanguard from a “hold” rating to a “buy” rating and increased their price objective for the company from $24.00 to $29.00 in a report on Tuesday, November 20th. Zacks Investment Research raised American Vanguard from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, ValuEngine downgraded American Vanguard from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th.

The company has a quick ratio of 1.15, a current ratio of 2.33 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $466.63 million, a price-to-earnings ratio of 26.30 and a beta of 1.10.

American Vanguard (NYSE:AVD) last issued its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The firm had revenue of $112.00 million during the quarter, compared to the consensus estimate of $119.20 million. American Vanguard had a return on equity of 6.90% and a net margin of 5.73%. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. As a group, research analysts predict that American Vanguard Corp. will post 0.8 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in American Vanguard by 7.4% in the third quarter. BlackRock Inc. now owns 4,213,602 shares of the basic materials company’s stock worth $75,843,000 after acquiring an additional 291,248 shares in the last quarter. Vanguard Group Inc. raised its position in American Vanguard by 3.5% in the third quarter. Vanguard Group Inc. now owns 2,737,677 shares of the basic materials company’s stock worth $49,278,000 after acquiring an additional 93,491 shares in the last quarter. Dimensional Fund Advisors LP raised its position in American Vanguard by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,524,481 shares of the basic materials company’s stock worth $45,442,000 after acquiring an additional 17,793 shares in the last quarter. Heartland Advisors Inc. raised its position in American Vanguard by 4.4% in the third quarter. Heartland Advisors Inc. now owns 886,657 shares of the basic materials company’s stock worth $15,960,000 after acquiring an additional 37,349 shares in the last quarter. Finally, Walthausen & Co. LLC purchased a new position in American Vanguard in the third quarter worth $11,407,000. Hedge funds and other institutional investors own 76.88% of the company’s stock.

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American Vanguard Company Profile (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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