American Vanguard (NYSE:AVD) Stock Rating Lowered by StockNews.com

American Vanguard (NYSE:AVDGet Rating) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

American Vanguard Stock Performance

Shares of AVD stock traded down $0.20 during mid-day trading on Friday, reaching $19.89. The stock had a trading volume of 617,903 shares, compared to its average volume of 258,733. The business’s fifty day moving average is $21.08 and its 200-day moving average is $21.26. The company has a current ratio of 1.88, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. The firm has a market cap of $614.00 million, a price-to-earnings ratio of 22.10 and a beta of 0.87. American Vanguard has a 1-year low of $13.82 and a 1-year high of $25.99.

American Vanguard (NYSE:AVDGet Rating) last issued its quarterly earnings results on Tuesday, August 9th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. American Vanguard had a return on equity of 7.20% and a net margin of 4.50%. During the same quarter in the prior year, the company earned $0.17 EPS. On average, research analysts forecast that American Vanguard will post 1.05 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Eric G. Wintemute acquired 2,500 shares of American Vanguard stock in a transaction on Friday, September 9th. The stock was purchased at an average cost of $19.99 per share, with a total value of $49,975.00. Following the purchase, the chief executive officer now directly owns 1,082,076 shares in the company, valued at $21,630,699.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Eric G. Wintemute bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were acquired at an average cost of $19.99 per share, with a total value of $49,975.00. Following the transaction, the chief executive officer now owns 1,082,076 shares of the company’s stock, valued at approximately $21,630,699.24. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric G. Wintemute acquired 2,625 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was bought at an average cost of $19.00 per share, for a total transaction of $49,875.00. Following the completion of the transaction, the chief executive officer now directly owns 1,076,934 shares of the company’s stock, valued at $20,461,746. The disclosure for this purchase can be found here. 5.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Vanguard

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of American Vanguard by 1.2% in the first quarter. BlackRock Inc. now owns 4,611,872 shares of the basic materials company’s stock valued at $93,713,000 after buying an additional 54,517 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in American Vanguard by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,312,686 shares of the basic materials company’s stock worth $46,993,000 after purchasing an additional 32,281 shares in the last quarter. Vanguard Group Inc. boosted its holdings in American Vanguard by 1.3% in the first quarter. Vanguard Group Inc. now owns 1,788,266 shares of the basic materials company’s stock worth $36,337,000 after purchasing an additional 23,071 shares in the last quarter. State Street Corp lifted its position in American Vanguard by 23.2% during the 2nd quarter. State Street Corp now owns 1,265,837 shares of the basic materials company’s stock worth $28,322,000 after acquiring an additional 238,046 shares during the last quarter. Finally, Cruiser Capital Advisors LLC lifted its position in American Vanguard by 250.3% during the 2nd quarter. Cruiser Capital Advisors LLC now owns 769,954 shares of the basic materials company’s stock worth $17,208,000 after acquiring an additional 550,177 shares during the last quarter. 81.03% of the stock is currently owned by institutional investors and hedge funds.


American Vanguard Company Profile

(Get Rating)

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, soil health, plant nutrition, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider American Vanguard, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and American Vanguard wasn’t on the list.

While American Vanguard currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here