American Vanguard Corporation (NYSE:AVD) Position Held by Smithfield Trust Co.
Smithfield Trust Co. continued to hold its position in American Vanguard Corporation (NYSE:AVD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the basic materials company’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in American Vanguard Corporation were worth $173,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Mason Street Advisors LLC raised 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 raised 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. raised 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. Institutional investors and hedge funds own 77.75% of the company’s stock.
Shares of American Vanguard Corporation (AVD) traded up 0.25% during trading on Friday, hitting $19.70. 94,745 shares of the stock traded hands. American Vanguard Corporation has a 12 month low of $14.20 and a 12 month high of $20.85. The firm has a market cap of $586.73 million, a price-to-earnings ratio of 40.20 and a beta of 1.38. The company has a 50 day moving average price of $18.89 and a 200 day moving average price of $17.32.
American Vanguard Corporation (NYSE:AVD) last posted its earnings results on Monday, July 31st. The basic materials company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $77.90 million during the quarter, compared to analysts’ expectations of $77.71 million. During the same period last year, the company posted $0.11 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts anticipate that American Vanguard Corporation will post $0.62 earnings per share for the current fiscal year.
AVD has been the topic of several recent analyst reports. TheStreet upgraded shares of American Vanguard Corporation from a “c+” rating to a “b-” rating in a report on Friday, May 5th. Roth Capital set a $22.00 price objective on shares of American Vanguard Corporation and gave the company a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Friday, July 7th. Finally, BidaskClub upgraded shares of American Vanguard Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.33.
In other news, insider David` T. Johnson sold 6,000 shares of the firm’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 completion of the sale, the insider now directly owns 35,040 shares of the company’s stock, valued at approximately $665,760. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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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