Zacks Investment Research upgraded shares of American Vanguard Corporation (NYSE:AVD) from a hold rating to a buy rating in a research note published on Friday morning. They currently have $23.00 price target on the basic materials company’s stock.

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. “

Other equities analysts have also issued reports about the stock. BidaskClub raised shares of American Vanguard Corporation from a strong sell rating to a sell rating in a report on Thursday, August 10th. Roth Capital set a $22.00 target price on shares of American Vanguard Corporation and gave the company a buy rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. American Vanguard Corporation currently has a consensus rating of Buy and a consensus price target of $20.67.

American Vanguard Corporation (NYSE AVD) opened at 20.75 on Friday. The stock’s 50 day moving average is $20.02 and its 200 day moving average is $17.78. American Vanguard Corporation has a 12-month low of $14.20 and a 12-month high of $21.03. The company has a market cap of $618.00 million, a P/E ratio of 42.35 and a beta of 1.29.

American Vanguard Corporation (NYSE:AVD) last posted its earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $77.90 million during the quarter, compared to analysts’ expectations of $77.71 million. American Vanguard Corporation had a net margin of 4.56% and a return on equity of 5.10%. American Vanguard Corporation’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. On average, equities analysts forecast that American Vanguard Corporation will post $0.63 earnings per share for the current year.

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In other news, insider David` T. Johnson sold 6,000 shares of the business’s 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 in the company, valued at approximately $665,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.70% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Walthausen & Co. LLC increased its stake in shares of American Vanguard Corporation by 57.7% in the 2nd quarter. Walthausen & Co. LLC now owns 701,722 shares of the basic materials company’s stock valued at $12,105,000 after acquiring an additional 256,637 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of American Vanguard Corporation by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,442 shares of the basic materials company’s stock valued at $404,000 after acquiring an additional 895 shares in the last quarter. BlueCrest Capital Management Ltd increased its stake in shares of American Vanguard Corporation by 150.0% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the basic materials company’s stock valued at $863,000 after acquiring an additional 30,000 shares in the last quarter. State Street Corp increased its stake in shares of American Vanguard Corporation by 4.2% in the 2nd quarter. State Street Corp now owns 663,208 shares of the basic materials company’s stock valued at $11,442,000 after acquiring an additional 26,587 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of American Vanguard Corporation by 12.6% in the 2nd quarter. Voya Investment Management LLC now owns 15,495 shares of the basic materials company’s stock valued at $267,000 after acquiring an additional 1,734 shares in the last quarter. Institutional investors own 76.87% 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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