American Vanguard Corp. (NYSE:AVD) insider David` T. Johnson sold 6,611 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $18.87, for a total transaction of $124,749.57. Following the completion of the sale, the insider now directly owns 28,429 shares in the company, valued at approximately $536,455.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of American Vanguard Corp. (NYSE AVD) traded up $0.15 on Tuesday, hitting $19.80. 105,712 shares of the stock were exchanged, compared to its average volume of 92,450. The company has a market cap of $589.93, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.37 and a quick ratio of 1.20. American Vanguard Corp. has a 52-week low of $14.65 and a 52-week high of $24.00.
American Vanguard (NYSE:AVD) last announced its earnings results on Thursday, November 2nd. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The company had revenue of $90.00 million for the quarter, compared to the consensus estimate of $89.17 million. American Vanguard had a net margin of 4.83% and a return on equity of 5.44%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. sell-side analysts expect that American Vanguard Corp. will post 0.59 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be paid a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, December 26th. American Vanguard’s payout ratio is 11.32%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of American Vanguard by 0.3% during the 2nd 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 purchasing an additional 100 shares in the last quarter. Arizona State Retirement System lifted its position in American Vanguard by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 13,625 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System lifted its position in American Vanguard by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 200 shares during the period. Wells Fargo & Company MN lifted its position in American Vanguard by 1.5% during the 2nd quarter. Wells Fargo & Company MN now owns 20,012 shares of the basic materials company’s stock valued at $345,000 after acquiring an additional 294 shares during the period. Finally, Texas Permanent School Fund lifted its position in American Vanguard by 2.3% during the 2nd quarter. Texas Permanent School Fund now owns 19,135 shares of the basic materials company’s stock valued at $330,000 after acquiring an additional 429 shares during the period. 76.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of American Vanguard from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Roth Capital set a $28.00 price target on shares of American Vanguard and gave the stock a “buy” rating in a report on Sunday, October 1st. Finally, Piper Jaffray Companies set a $22.00 price target on shares of American Vanguard and gave the stock a “hold” rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. American Vanguard has a consensus rating of “Hold” and an average target price of $25.33.
American Vanguard 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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