Trexquant Investment LP purchased a new stake in American Vanguard Co. (NYSE:AVD) during the first quarter, HoldingsChannel reports. The firm purchased 26,572 shares of the basic materials company’s stock, valued at approximately $537,000.
A number of other large investors also recently made changes to their positions in AVD. Heartland Advisors Inc. grew its position in American Vanguard by 21.8% in the fourth quarter. Heartland Advisors Inc. now owns 981,413 shares of the basic materials company’s stock valued at $19,285,000 after acquiring an additional 175,780 shares during the period. Renaissance Technologies LLC grew its position in American Vanguard by 14.1% in the fourth quarter. Renaissance Technologies LLC now owns 547,952 shares of the basic materials company’s stock valued at $10,767,000 after acquiring an additional 67,800 shares during the period. Assenagon Asset Management S.A. bought a new stake in American Vanguard in the fourth quarter valued at $1,289,000. Deutsche Bank AG grew its position in American Vanguard by 68.2% in 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 period. Finally, Weil Company Inc. bought a new stake in American Vanguard in the fourth quarter valued at $871,000. Hedge funds and other institutional investors own 76.44% of the company’s stock.
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Shares of AVD stock opened at $22.05 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.09 and a debt-to-equity ratio of 0.29. The firm has a market cap of $658.55 million, a PE ratio of 38.68 and a beta of 1.19. American Vanguard Co. has a 52 week low of $16.70 and a 52 week high of $24.00.
American Vanguard (NYSE:AVD) last announced its earnings results on Tuesday, May 8th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $104.11 million for the quarter, compared to analysts’ expectations of $103.81 million. American Vanguard had a return on equity of 6.01% and a net margin of 5.52%. The business’s revenue for the quarter was up 47.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. equities analysts predict that American Vanguard Co. will post 0.82 EPS for the current year.
A number of analysts have weighed in on AVD shares. Roth Capital reiterated a “buy” rating on shares of American Vanguard in a research report on Thursday, March 15th. ValuEngine upgraded American Vanguard from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research cut American Vanguard from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. American Vanguard currently has a consensus rating of “Hold” and a consensus target price of $25.00.
In other news, Director Alfred F. Ingulli sold 10,413 shares of the stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $21.17, for a total transaction of $220,443.21. Following the sale, the director now owns 10,414 shares in the company, valued at $220,464.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is currently owned by corporate insiders.
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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