American Vanguard Corporation (AVD) Position Raised by OppenheimerFunds Inc.
OppenheimerFunds Inc. boosted its stake in shares of American Vanguard Corporation (NYSE:AVD) by 53.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,709 shares of the basic materials company’s stock after buying an additional 5,456 shares during the period. OppenheimerFunds Inc.’s holdings in American Vanguard Corporation were worth $261,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Mason Street Advisors LLC increased its position in American Vanguard Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,041 shares of the basic materials company’s stock valued at $100,000 after buying an additional 395 shares during the last quarter. Louisiana State Employees Retirement System increased its position in American Vanguard Corporation by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the basic materials company’s stock valued at $174,000 after buying an additional 100 shares during the last quarter. Hancock Holding Co. purchased a new position in American Vanguard Corporation during the first quarter valued at about $186,000. Oxford Asset Management purchased a new position in American Vanguard Corporation during the first quarter valued at about $192,000. Finally, Hartford Investment Management Co. increased its position in American Vanguard Corporation by 20.2% in the first quarter. Hartford Investment Management Co. now owns 12,500 shares of the basic materials company’s stock valued at $208,000 after buying an additional 2,100 shares during the last quarter. 77.75% of the stock is currently owned by hedge funds and other institutional investors.
American Vanguard Corporation (NYSE:AVD) traded up 0.25% during midday trading on Friday, hitting $19.70. 94,745 shares of the stock traded hands. The company’s 50 day moving average is $18.89 and its 200-day moving average is $17.32. The company has a market cap of $586.73 million, a P/E ratio of 40.20 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 results on Monday, July 31st. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $77.71 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that American Vanguard Corporation will post $0.62 EPS for the current fiscal year.
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Several equities research analysts have weighed in on the company. BidaskClub raised American Vanguard Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded American Vanguard Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Roth Capital set a $22.00 price target on American Vanguard Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, TheStreet raised American Vanguard Corporation from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.33.
In other American Vanguard Corporation news, insider David` T. Johnson sold 6,000 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $19.00, for a total value of $114,000.00. Following the sale, the insider now owns 35,040 shares of the company’s stock, valued at $665,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.70% of the stock is owned by corporate insiders.
American Vanguard Corporation 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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