American Vanguard Corp. (NYSE:AVD) – Research analysts at SunTrust Banks cut their Q3 2018 earnings estimates for shares of American Vanguard in a note issued to investors on Wednesday, August 8th. SunTrust Banks analyst J. Sheehan now anticipates that the basic materials company will post earnings of $0.20 per share for the quarter, down from their previous estimate of $0.24. SunTrust Banks also issued estimates for American Vanguard’s Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.78 EPS and FY2019 earnings at $0.93 EPS.

Several other research analysts have also weighed in on AVD. ValuEngine lowered shares of American Vanguard from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered shares of American Vanguard from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $25.00.

Shares of AVD opened at $19.50 on Monday. The company has a current ratio of 2.05, a quick ratio of 1.09 and a debt-to-equity ratio of 0.23. American Vanguard has a twelve month low of $18.01 and a twelve month high of $24.00. The stock has a market cap of $588.29 million, a price-to-earnings ratio of 34.21 and a beta of 1.01.

American Vanguard (NYSE:AVD) last issued its earnings results on Monday, August 6th. The basic materials company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. American Vanguard had a net margin of 5.45% and a return on equity of 6.29%. The company had revenue of $107.04 million for the quarter, compared to analyst estimates of $111.90 million. During the same period in the prior year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year.

Hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC grew its position in shares of American Vanguard by 12.0% in the fourth quarter. Teachers Advisors LLC now owns 66,065 shares of the basic materials company’s stock valued at $1,298,000 after purchasing an additional 7,091 shares during the last quarter. Sheets Smith Wealth Management grew its position in shares of American Vanguard by 16.1% in the second quarter. Sheets Smith Wealth Management now owns 35,984 shares of the basic materials company’s stock valued at $826,000 after purchasing an additional 4,983 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of American Vanguard by 21.4% in 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 purchasing an additional 23,263 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of American Vanguard by 84.3% in the first quarter. Victory Capital Management Inc. now owns 13,468 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 6,161 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of American Vanguard by 20.1% in the first quarter. Wells Fargo & Company MN now owns 71,774 shares of the basic materials company’s stock valued at $1,450,000 after purchasing an additional 12,020 shares during the last quarter. Institutional investors and hedge funds own 77.20% of the company’s stock.

In other news, CFO David` T. Johnson sold 9,940 shares of the stock in a transaction that occurred on 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 in the company, valued at $754,746.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Porpiglia sold 2,800 shares of the stock in a transaction that occurred on Monday, June 11th. The shares were 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 in the company, valued at $576,352.79. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

About American Vanguard

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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