American Vanguard Corp. (NYSE:AVD) insider John Rizzi sold 7,470 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $18.43, for a total transaction of $137,672.10. Following the transaction, the insider now owns 43,072 shares of the company’s stock, valued at approximately $793,816.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
NYSE:AVD opened at $18.18 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.03 and a current ratio of 2.13. American Vanguard Corp. has a fifty-two week low of $13.98 and a fifty-two week high of $24.00. The firm has a market cap of $540.96 million, a PE ratio of 22.22 and a beta of 1.27.
American Vanguard (NYSE:AVD) last posted its quarterly earnings results on Monday, March 11th. The basic materials company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. American Vanguard had a net margin of 5.33% and a return on equity of 7.48%. The business had revenue of $131.00 million for the quarter, compared to analysts’ expectations of $131.60 million. As a group, equities research analysts expect that American Vanguard Corp. will post 0.9 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Wednesday, March 27th will be paid a dividend of $0.02 per share. The ex-dividend date is Tuesday, March 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.44%. American Vanguard’s dividend payout ratio (DPR) is presently 9.88%.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc grew its stake in shares of American Vanguard by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 2,737,677 shares of the basic materials company’s stock worth $49,278,000 after purchasing an additional 93,491 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of American Vanguard by 62.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,431 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 4,000 shares during the period. First Trust Advisors LP grew its stake in shares of American Vanguard by 36.1% during the 3rd quarter. First Trust Advisors LP now owns 40,531 shares of the basic materials company’s stock worth $730,000 after purchasing an additional 10,746 shares during the period. Wells Fargo & Company MN grew its stake in shares of American Vanguard by 10.4% during the 3rd quarter. Wells Fargo & Company MN now owns 90,423 shares of the basic materials company’s stock worth $1,627,000 after purchasing an additional 8,502 shares during the period. Finally, MetLife Investment Advisors LLC grew its stake in shares of American Vanguard by 54.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 22,919 shares of the basic materials company’s stock worth $413,000 after purchasing an additional 8,032 shares during the period. 76.66% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on AVD. Zacks Investment Research downgraded shares of American Vanguard from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. TheStreet downgraded shares of American Vanguard from a “b-” rating to a “c+” rating in a research report on Tuesday, December 18th. Finally, Loop Capital upgraded shares of American Vanguard from a “hold” rating to a “buy” rating and upped their price objective for the stock from $24.00 to $29.00 in a research report on Tuesday, November 20th.
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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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