ClariVest Asset Management LLC Takes $403,000 Position in American Vanguard Corporation (AVD)
ClariVest Asset Management LLC acquired a new stake in American Vanguard Corporation (NYSE:AVD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,600 shares of the basic materials company’s stock, valued at approximately $403,000. ClariVest Asset Management LLC owned about 0.06% of American Vanguard Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AVD. Los Angeles Capital Management & Equity Research Inc. raised its position in American Vanguard Corporation by 21.9% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,175 shares of the basic materials company’s stock valued at $1,103,000 after purchasing an additional 8,660 shares during the period. Municipal Employees Retirement System of Michigan raised its position in American Vanguard Corporation by 9.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 44,180 shares of the basic materials company’s stock valued at $1,012,000 after purchasing an additional 3,640 shares during the period. BNP Paribas Arbitrage SA raised its position in American Vanguard Corporation by 58.5% in the third quarter. BNP Paribas Arbitrage SA now owns 14,294 shares of the basic materials company’s stock valued at $327,000 after purchasing an additional 5,275 shares during the period. Victory Capital Management Inc. purchased a new stake in American Vanguard Corporation in the third quarter valued at approximately $153,000. Finally, IFC Holdings Incorporated FL purchased a new stake in American Vanguard Corporation in the third quarter valued at approximately $222,000. Hedge funds and other institutional investors own 76.66% of the company’s stock.
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Shares of American Vanguard Corporation (NYSE:AVD) opened at $19.90 on Thursday. American Vanguard Corporation has a 12-month low of $14.65 and a 12-month high of $24.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 2.37. The firm has a market capitalization of $594.40, a price-to-earnings ratio of 36.94, a PEG ratio of 2.24 and a beta of 1.30.
American Vanguard Corporation (NYSE:AVD) last posted its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). American Vanguard Corporation had a return on equity of 5.44% and a net margin of 4.83%. The company had revenue of $90.00 million for the quarter, compared to analysts’ expectations of $89.17 million. During the same period in the prior year, the company posted $0.10 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. research analysts forecast that American Vanguard Corporation will post 0.59 EPS for the current fiscal year.
AVD has been the topic of a number of research analyst reports. Zacks Investment Research raised American Vanguard Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, November 1st. Roth Capital set a $28.00 target price on American Vanguard Corporation and gave the company a “buy” rating in a research report on Sunday, October 1st. Piper Jaffray Companies set a $22.00 target price on American Vanguard Corporation and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, BidaskClub raised American Vanguard Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $25.33.
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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