Zacks Investment Research downgraded shares of American Vanguard (NYSE:AVD) from a buy rating to a hold rating in a research report report published on Thursday morning.
According to Zacks, “American Vanguard Corporation is a diversified specialty and agricultural products company focusing on crop protection, turf and ornamental markets, and public health applications. The Company has continued its successful strategy of acquiring or licensing both new and well-established product lines that serve numerous high valued market niches. New product development and international expansion also provide an additional stimulus for growth. Through skilful marketing, diligent product registration, quality manufacturing, American Vanguard has positioned itself to capitalize on developing trends in modern agriculture. American Vanguard continues to meet the needs of a world demanding ever-increasing quantities of agricultural products for human food, animal feed, natural fibers and alternative fuels. “
AVD has been the subject of several other reports. TheStreet cut shares of American Vanguard from a b- rating to a c+ rating in a report on Tuesday, December 18th. Loop Capital raised shares of American Vanguard from a hold rating to a buy rating and boosted their price objective for the company from $24.00 to $29.00 in a report on Tuesday, November 20th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $25.00.
American Vanguard (NYSE:AVD) last issued its earnings results on Monday, March 11th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $131.00 million for the quarter, compared to the consensus estimate of $131.60 million. American Vanguard had a net margin of 5.33% and a return on equity of 7.48%. On average, analysts forecast that American Vanguard will post 0.88 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th will be issued a dividend of $0.02 per share. The ex-dividend date is Tuesday, March 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.43%. American Vanguard’s payout ratio is 9.88%.
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of American Vanguard by 0.7% in the fourth quarter. BlackRock Inc. now owns 4,242,041 shares of the basic materials company’s stock worth $64,437,000 after purchasing an additional 28,439 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of American Vanguard by 3.5% during 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 during the last quarter. Vanguard Group Inc boosted its position in shares of American Vanguard by 3.5% during 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of American Vanguard by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,549,731 shares of the basic materials company’s stock worth $38,730,000 after acquiring an additional 25,250 shares during the last quarter. Finally, Heartland Advisors Inc. boosted its position in shares of American Vanguard by 4.4% during 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 during the last quarter. 77.16% of the stock is owned by institutional investors and hedge funds.
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. 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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