American Vanguard Corp. (AVD) Upgraded at Zacks Investment Research
American Vanguard Corp. (NYSE:AVD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.
According to Zacks, “AMERICAN VANGUARD CORP. is a holding company, which through its subsidiaries, is engaged in the manufacturer and formulation of chemicals for crops, human and animal health protection. These chemicals which include insecticides, fungicides, molluscicides, growth regulatorsain, and soil fumigants, are marketed in liquid, powder, and granular forms. “
A number of other research analysts have also weighed in on the stock. Roth Capital set a $18.00 price target on shares of American Vanguard Corp. and gave the company a “buy” rating in a research note on Saturday. Feltl & Co. reaffirmed a “strong-buy” rating on shares of American Vanguard Corp. in a research note on Wednesday, March 8th. Finally, Piper Jaffray Companies raised shares of American Vanguard Corp. from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $12.00 to $17.00 in a research note on Monday, November 28th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. American Vanguard Corp. currently has a consensus rating of “Buy” and an average price target of $17.50.
American Vanguard Corp. (NYSE:AVD) traded up 0.64% on Monday, reaching $15.75. 114,064 shares of the company were exchanged. The firm has a market capitalization of $462.86 million, a PE ratio of 35.80 and a beta of 1.27. The stock has a 50 day moving average of $16.34 and a 200 day moving average of $16.80. American Vanguard Corp. has a 12-month low of $12.60 and a 12-month high of $20.00.
American Vanguard Corp. (NYSE:AVD) last announced its quarterly earnings results on Monday, March 6th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. American Vanguard Corp. had a net margin of 3.86% and a return on equity of 4.36%. The firm had revenue of $87.50 million for the quarter, compared to analyst estimates of $89.10 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. Equities analysts anticipate that American Vanguard Corp. will post $0.62 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be given a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, March 29th. This is a positive change from American Vanguard Corp.’s previous quarterly dividend of $0.01. American Vanguard Corp.’s payout ratio is currently 9.76%.
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In other news, COO Ulrich Trogele bought 7,000 shares of the stock in a transaction that occurred on Friday, March 10th. The shares were acquired at an average cost of $15.20 per share, for a total transaction of $106,400.00. Following the completion of the acquisition, the chief operating officer now owns 93,356 shares in the company, valued at $1,419,011.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Johann Venter sold 4,000 shares of the business’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $15.50, for a total transaction of $62,000.00. Following the transaction, the insider now owns 19,326 shares in the company, valued at $299,553. The disclosure for this sale can be found here. In the last three months, insiders sold 52,075 shares of company stock worth $847,705. 4.30% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of AVD. Putnam Investments LLC increased its position in shares of American Vanguard Corp. by 1.0% in the fourth quarter. Putnam Investments LLC now owns 362,016 shares of the company’s stock worth $6,932,000 after buying an additional 3,449 shares during the last quarter. Thrivent Financial for Lutherans increased its position in American Vanguard Corp. by 0.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 112,755 shares of the company’s stock valued at $2,159,000 after buying an additional 680 shares in the last quarter. Menta Capital LLC increased its position in American Vanguard Corp. by 28.1% in the fourth quarter. Menta Capital LLC now owns 124,410 shares of the company’s stock valued at $2,382,000 after buying an additional 27,325 shares in the last quarter. Renaissance Technologies LLC increased its position in American Vanguard Corp. by 33.6% in the fourth quarter. Renaissance Technologies LLC now owns 443,352 shares of the company’s stock valued at $8,490,000 after buying an additional 111,400 shares in the last quarter. Finally, Redmond Asset Management LLC increased its position in American Vanguard Corp. by 0.5% in the fourth quarter. Redmond Asset Management LLC now owns 59,157 shares of the company’s stock valued at $1,133,000 after buying an additional 317 shares in the last quarter. Institutional investors and hedge funds own 78.59% of the company’s stock.
American Vanguard Corp. Company Profile
American Vanguard Corporation (AVD) 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 CV (AMVAC CV), AMVAC Netherlands BV (AMVAC BV) and Envance Technologies, LLC (Envance).
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