American Vanguard Corporation $AVD is Cove Street Capital LLC’s Largest Position

Cove Street Capital LLC grew its stake in American Vanguard Corporation (NYSE:AVD) by 12.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,398,986 shares of the basic materials company’s stock after buying an additional 150,703 shares during the period. American Vanguard accounts for 10.5% of Cove Street Capital LLC’s investment portfolio, making the stock its largest holding. Cove Street Capital LLC’s holdings in American Vanguard were worth $8,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio acquired a new position in American Vanguard in the first quarter valued at $28,000. XTX Topco Ltd acquired a new stake in shares of American Vanguard during the second quarter worth about $57,000. Los Angeles Capital Management LLC purchased a new stake in shares of American Vanguard in the 2nd quarter valued at about $111,000. Riverwater Partners LLC acquired a new stake in shares of American Vanguard in the 3rd quarter valued at about $114,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of American Vanguard in the 3rd quarter valued at about $121,000. 79.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AVD has been the topic of several research analyst reports. Wall Street Zen lowered American Vanguard from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of American Vanguard in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.00.

American Vanguard Stock Down 2.3%

AVD stock opened at $4.07 on Friday. The stock has a market capitalization of $115.73 million, a PE ratio of -1.02 and a beta of 1.23. The company has a fifty day moving average of $4.67 and a 200-day moving average of $4.81. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.77. American Vanguard Corporation has a one year low of $3.28 and a one year high of $5.92.

American Vanguard Company Profile

American Vanguard Corporation (NYSE: AVD) is a developer, manufacturer and marketer of specialty chemical products for crop protection, turf and ornamental care, and public health pest control. Headquartered in Newport Beach, California, the company offers a portfolio of insecticides, herbicides, fungicides and rodenticides designed for use across agricultural, turf and urban pest management applications. Its research and development efforts focus on novel chemistries and formulation technologies that address emerging pest resistance and regulatory requirements.

The company’s product lines include emulsifiable concentrates, wettable powders, granular formulations, baits and liquid concentrates sold under proprietary brand names.