American Vanguard Corp. (AVD) Upgraded to Neutral at Piper Jaffray Cos.
American Vanguard Corp. (NYSE:AVD) was upgraded by Piper Jaffray Cos. to a “neutral” rating in a note issued to investors on Monday.
AVD has been the topic of a number of other research reports. SunTrust Banks Inc. upgraded American Vanguard Corp. from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded American Vanguard Corp. from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, August 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $15.13.
Shares of American Vanguard Corp. (NYSE:AVD) opened at 17.65 on Monday. American Vanguard Corp. has a 1-year low of $9.63 and a 1-year high of $18.10. The firm has a market cap of $518.20 million, a P/E ratio of 43.05 and a beta of 1.24. The firm’s 50-day moving average is $16.06 and its 200-day moving average is $15.63.
American Vanguard Corp. (NYSE:AVD) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by $0.02. American Vanguard Corp. had a return on equity of 4.36% and a net margin of 3.86%. The company had revenue of $82.50 million for the quarter, compared to the consensus estimate of $79.39 million. During the same quarter in the prior year, the company earned $0.09 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, analysts anticipate that American Vanguard Corp. will post $0.44 EPS for the current fiscal year.
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In other news, insider Ulrich Trogele acquired 5,000 shares of the firm’s stock in a transaction on Friday, September 9th. The shares were purchased at an average cost of $15.91 per share, with a total value of $79,550.00. Following the acquisition, the insider now directly owns 72,604 shares in the company, valued at approximately $1,155,129.64. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.30% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. raised its position in shares of American Vanguard Corp. by 0.6% in the second quarter. Prudential Financial Inc. now owns 61,430 shares of the company’s stock worth $928,000 after buying an additional 340 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in American Vanguard Corp. by 14.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,097,463 shares of the company’s stock valued at $31,692,000 after buying an additional 260,862 shares during the period. Acrospire Investment Management LLC raised its stake in American Vanguard Corp. by 154.6% in the second quarter. Acrospire Investment Management LLC now owns 13,504 shares of the company’s stock valued at $204,000 after buying an additional 8,200 shares during the period. Mckinley Capital Management LLC Delaware bought a new stake in American Vanguard Corp. during the second quarter valued at about $2,187,000. Finally, JPMorgan Chase & Co. raised its stake in American Vanguard Corp. by 35,422.3% in the second quarter. JPMorgan Chase & Co. now owns 171,928 shares of the company’s stock valued at $2,597,000 after buying an additional 171,444 shares during the period. 77.13% of the stock is currently owned by hedge funds and other institutional investors.
About American Vanguard Corp.
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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