American Vanguard Corporation (NYSE:AVD) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of American Vanguard Corporation (NYSE:AVD) from a buy rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “AMERICAN VANGUARD CORP. is a holding company, which through its subsidiaries, is engaged in the manufacturer and formulation of chemicals for crops, human and animal health protection. These chemicals which include insecticides, fungicides, molluscicides, growth regulatorsain, and soil fumigants, are marketed in liquid, powder, and granular forms. “

Other equities analysts have also issued research reports about the stock. TheStreet upgraded shares of American Vanguard Corporation from a c+ rating to a b- rating in a research report on Friday, May 5th. 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 Tuesday, August 1st. Finally, BidaskClub upgraded shares of American Vanguard Corporation from a sell rating to a hold rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $19.33.

Shares of American Vanguard Corporation (NYSE AVD) traded down 1.72% during midday trading on Tuesday, hitting $19.95. 102,350 shares of the stock were exchanged. The firm has a 50 day moving average of $18.54 and a 200 day moving average of $17.24. American Vanguard Corporation has a 12-month low of $14.20 and a 12-month high of $20.85. The firm has a market cap of $594.17 million, a P/E ratio of 40.71 and a beta of 1.38.

American Vanguard Corporation (NYSE:AVD) last released its quarterly earnings results on Monday, July 31st. The basic materials company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $77.90 million during the quarter, compared to analyst estimates of $77.71 million. American Vanguard Corporation had a net margin of 4.56% and a return on equity of 5.10%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Equities analysts forecast that American Vanguard Corporation will post $0.62 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.015 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.06 annualized dividend and a dividend yield of 0.30%. American Vanguard Corporation’s dividend payout ratio is currently 12.00%.

In other news, insider David` T. Johnson sold 6,000 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.70% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of American Vanguard Corporation by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,453,236 shares of the basic materials company’s stock worth $42,318,000 after buying an additional 82,986 shares in the last quarter. Hancock Holding Co. raised its position in shares of American Vanguard Corporation by 7.2% in the second quarter. Hancock Holding Co. now owns 12,029 shares of the basic materials company’s stock worth $208,000 after buying an additional 813 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of American Vanguard Corporation by 46.1% in the second quarter. Parametric Portfolio Associates LLC now owns 26,309 shares of the basic materials company’s stock worth $454,000 after buying an additional 8,302 shares in the last quarter. Vanguard Group Inc. raised its position in shares of American Vanguard Corporation by 3.1% in the second quarter. Vanguard Group Inc. now owns 2,505,167 shares of the basic materials company’s stock worth $43,214,000 after buying an additional 74,966 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of American Vanguard Corporation by 6.8% in the second quarter. Northern Trust Corp now owns 350,745 shares of the basic materials company’s stock worth $6,051,000 after buying an additional 22,462 shares in the last quarter. Hedge funds and other institutional investors own 76.49% of the company’s stock.

American Vanguard Corporation Company 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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