Separately, Zacks Investment Research cut American Vanguard from a hold rating to a strong sell rating in a report on Thursday, July 25th.
AVD opened at $16.91 on Tuesday. The company has a market capitalization of $491.96 million, a price-to-earnings ratio of 20.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.65 and a quick ratio of 1.16. American Vanguard has a 1-year low of $12.69 and a 1-year high of $21.19. The business has a 50 day moving average price of $14.01 and a two-hundred day moving average price of $15.45.
In related news, CEO Eric G. Wintemute purchased 5,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were bought at an average price of $14.08 per share, with a total value of $70,400.00. Following the completion of the acquisition, the chief executive officer now owns 955,060 shares of the company’s stock, valued at $13,447,244.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Ulrich Trogele purchased 2,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of $14.24 per share, for a total transaction of $28,480.00. Following the acquisition, the chief operating officer now directly owns 126,201 shares of the company’s stock, valued at approximately $1,797,102.24. The disclosure for this purchase can be found here. Insiders acquired 7,700 shares of company stock worth $109,050 in the last ninety days. 5.30% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Investments LLC raised its stake in American Vanguard by 65.8% during the 2nd quarter. Atria Investments LLC now owns 32,226 shares of the basic materials company’s stock valued at $6,122,000 after purchasing an additional 12,786 shares during the period. Luminus Management LLC raised its stake in American Vanguard by 151.2% during the 2nd quarter. Luminus Management LLC now owns 47,771 shares of the basic materials company’s stock valued at $736,000 after purchasing an additional 28,756 shares during the period. Susquehanna International Group LLP acquired a new stake in American Vanguard during the 2nd quarter valued at $197,000. Summit Global Investments acquired a new stake in American Vanguard during the 2nd quarter valued at $418,000. Finally, Nuveen Asset Management LLC acquired a new stake in American Vanguard during the 2nd quarter valued at $3,258,000. 75.81% of the stock is currently owned by institutional investors.
About American Vanguard
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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