Municipal Employees Retirement System of Michigan Maintains Position in American Vanguard Corporation (NYSE:AVD)
Municipal Employees Retirement System of Michigan maintained its position in shares of American Vanguard Corporation (NYSE:AVD) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,390 shares of the basic materials company’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan’s holdings in American Vanguard Corporation were worth $172,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp increased its position in American Vanguard Corporation by 7.1% in the fourth quarter. State Street Corp now owns 598,402 shares of the basic materials company’s stock valued at $11,460,000 after buying an additional 39,689 shares during the period. Renaissance Technologies LLC increased its position in shares of American Vanguard Corporation by 33.6% in the fourth quarter. Renaissance Technologies LLC now owns 443,352 shares of the basic materials company’s stock valued at $8,490,000 after buying an additional 111,400 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of American Vanguard Corporation during the fourth quarter valued at about $2,817,000. State of Tennessee Treasury Department increased its position in shares of American Vanguard Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 23,882 shares of the basic materials company’s stock valued at $396,000 after buying an additional 3,604 shares during the last quarter. Finally, Hancock Holding Co. purchased a new stake in American Vanguard Corporation during the first quarter valued at approximately $186,000. 76.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of American Vanguard Corporation (NYSE:AVD) traded up 0.25% during midday trading on Tuesday, reaching $20.45. The company had a trading volume of 75,422 shares. The company has a 50 day moving average price of $18.14 and a 200-day moving average price of $17.11. The firm has a market capitalization of $609.06 million, a P/E ratio of 41.73 and a beta of 1.38. American Vanguard Corporation has a one year low of $14.20 and a one year high of $20.85.
American Vanguard Corporation (NYSE:AVD) last announced its quarterly earnings data on Monday, July 31st. The basic materials company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. American Vanguard Corporation had a net margin of 4.56% and a return on equity of 5.10%. The company had revenue of $77.90 million during the quarter, compared to analyst estimates of $77.71 million. During the same quarter last year, the business posted $0.11 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts anticipate that American Vanguard Corporation will post $0.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.015 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.06 dividend on an annualized basis and a yield of 0.29%. American Vanguard Corporation’s payout ratio is 12.00%.
A number of equities research analysts recently commented on the company. Roth Capital set a $22.00 target price on American Vanguard Corporation and gave the stock a “buy” rating in a report on Tuesday, August 1st. BidaskClub lowered American Vanguard Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Friday, July 7th. Finally, TheStreet raised American Vanguard Corporation from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. American Vanguard Corporation presently has a consensus rating of “Buy” and an average price target of $19.33.
In other news, insider David` T. Johnson sold 6,000 shares of American Vanguard Corporation stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $19.00, for a total value of $114,000.00. Following the transaction, the insider now owns 35,040 shares of the company’s stock, valued at approximately $665,760. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.70% of the company’s stock.
About American Vanguard Corporation
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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