American Vanguard (NYSE:AVD) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of American Vanguard (NYSE:AVD) from a hold rating to a sell rating in a research report released on Saturday.

American Vanguard Trading Down 9.6%

American Vanguard stock opened at $4.47 on Friday. The firm’s 50-day moving average is $4.18 and its 200-day moving average is $4.79. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.79 and a current ratio of 1.89. American Vanguard has a 1 year low of $3.28 and a 1 year high of $9.84. The company has a market cap of $126.04 million, a P/E ratio of -4.33 and a beta of 1.28.

American Vanguard (NYSE:AVD) last released its earnings results on Friday, June 6th. The basic materials company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.21). The company had revenue of $127.00 million for the quarter, compared to analyst estimates of $127.00 million. American Vanguard had a negative net margin of 5.22% and a negative return on equity of 3.45%. During the same period in the previous year, the business posted $0.06 EPS.

Institutional Trading of American Vanguard

Institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of American Vanguard during the 1st quarter worth about $28,000. Acadian Asset Management LLC boosted its stake in shares of American Vanguard by 1,732.4% in the 1st quarter. Acadian Asset Management LLC now owns 58,234 shares of the basic materials company’s stock valued at $253,000 after purchasing an additional 55,056 shares during the last quarter. Jane Street Group LLC boosted its stake in American Vanguard by 287.6% during the 1st quarter. Jane Street Group LLC now owns 40,509 shares of the basic materials company’s stock worth $178,000 after acquiring an additional 30,058 shares during the last quarter. Cove Street Capital LLC grew its holdings in shares of American Vanguard by 35.0% in the 1st quarter. Cove Street Capital LLC now owns 1,119,539 shares of the basic materials company’s stock valued at $4,926,000 after buying an additional 290,246 shares during the period. Finally, AQR Capital Management LLC raised its holdings in American Vanguard by 117.8% during the 1st quarter. AQR Capital Management LLC now owns 436,687 shares of the basic materials company’s stock worth $1,921,000 after buying an additional 236,212 shares during the period. 79.04% of the stock is currently owned by institutional investors and hedge funds.

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. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.