Prudential Financial Inc. lessened its stake in shares of American Vanguard Corporation (NYSE:AVD) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,560 shares of the basic materials company’s stock after selling 150 shares during the period. Prudential Financial Inc. owned 0.15% of American Vanguard Corporation worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. acquired a new position in shares of American Vanguard Corporation during the 2nd quarter worth about $951,000. BNP Paribas Arbitrage SA raised its position in shares of American Vanguard Corporation by 54.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,019 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 3,162 shares during the last quarter. Legal & General Group Plc raised its position in shares of American Vanguard Corporation by 10.6% during the 2nd quarter. Legal & General Group Plc now owns 48,203 shares of the basic materials company’s stock worth $831,000 after purchasing an additional 4,636 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of American Vanguard Corporation by 10.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 500,892 shares of the basic materials company’s stock worth $8,640,000 after purchasing an additional 46,114 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of American Vanguard Corporation by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 13,625 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 76.87% of the company’s stock.

In other American Vanguard Corporation news, insider David` T. Johnson sold 6,000 shares of American Vanguard Corporation stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $19.00, for a total transaction of $114,000.00. Following the completion of the transaction, the insider now owns 35,040 shares in the company, valued at $665,760. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.70% of the company’s stock.

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Shares of American Vanguard Corporation (NYSE AVD) opened at 22.75 on Friday. American Vanguard Corporation has a 12-month low of $14.20 and a 12-month high of $23.95. The firm has a 50-day moving average of $21.13 and a 200-day moving average of $18.51. The firm has a market cap of $677.56 million, a P/E ratio of 46.43 and a beta of 1.26.

American Vanguard Corporation (NYSE:AVD) last announced 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%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. On average, equities analysts forecast that American Vanguard Corporation will post $0.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Thursday, October 5th will be given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Wednesday, October 4th. American Vanguard Corporation’s payout ratio is currently 12.00%.

Several research analysts recently weighed in on AVD shares. Zacks Investment Research upgraded shares of American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Friday, September 15th. BidaskClub downgraded shares of American Vanguard Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Roth Capital set a $22.00 price target on shares of American Vanguard Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Piper Jaffray Companies set a $22.00 price target on shares of American Vanguard Corporation and gave the stock a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. American Vanguard Corporation has an average rating of “Hold” and an average target price of $24.33.

American Vanguard Corporation 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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Institutional Ownership by Quarter for American Vanguard Corporation (NYSE:AVD)

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