Algert Global LLC Acquires New Stake in American Vanguard Corp. (AVD)
Algert Global LLC acquired a new stake in shares of American Vanguard Corp. (NYSE:AVD) in the second quarter, HoldingsChannel reports. The firm acquired 33,822 shares of the basic materials company’s stock, valued at approximately $776,000.
A number of other institutional investors have also recently bought and sold shares of AVD. BlackRock Inc. increased its position in American Vanguard by 1.9% during the first quarter. BlackRock Inc. now owns 3,725,111 shares of the basic materials company’s stock valued at $75,248,000 after acquiring an additional 68,530 shares during the last quarter. Deutsche Bank AG increased its position in American Vanguard by 68.2% during the fourth quarter. Deutsche Bank AG now owns 153,482 shares of the basic materials company’s stock valued at $3,014,000 after acquiring an additional 62,248 shares during the last quarter. Wells Fargo & Company MN increased its position in American Vanguard by 82.4% during the fourth quarter. Wells Fargo & Company MN now owns 59,754 shares of the basic materials company’s stock valued at $1,173,000 after acquiring an additional 26,992 shares during the last quarter. Trexquant Investment LP purchased a new stake in American Vanguard during the first quarter valued at $537,000. Finally, TIAA CREF Investment Management LLC increased its position in American Vanguard by 21.4% during the fourth quarter. TIAA CREF Investment Management LLC now owns 132,046 shares of the basic materials company’s stock valued at $2,595,000 after acquiring an additional 23,263 shares during the last quarter. Institutional investors own 77.16% of the company’s stock.
In other American Vanguard news, insider Peter Porpiglia sold 2,800 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $23.47, for a total transaction of $65,716.00. Following the completion of the sale, the insider now owns 24,557 shares of the company’s stock, valued at $576,352.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David` T. Johnson sold 9,940 shares of the business’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $20.91, for a total value of $207,845.40. Following the sale, the chief financial officer now directly owns 36,095 shares of the company’s stock, valued at approximately $754,746.45. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.
American Vanguard (NYSE:AVD) last posted its quarterly earnings data on Monday, August 6th. The basic materials company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $107.04 million during the quarter, compared to analysts’ expectations of $111.90 million. American Vanguard had a return on equity of 6.01% and a net margin of 5.52%. American Vanguard’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share. research analysts anticipate that American Vanguard Corp. will post 0.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 12th. Investors of record on Thursday, June 28th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Wednesday, June 27th. American Vanguard’s dividend payout ratio (DPR) is presently 14.04%.
Separately, Zacks Investment Research cut American Vanguard from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.00.
American Vanguard Company Profile
American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.
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