American Vanguard (NYSE:AVD) Receives New Coverage from Analysts at Lake Street Capital

Lake Street Capital began coverage on shares of American Vanguard (NYSE:AVD) in a research note published on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $14.00 target price on the basic materials company’s stock.

A number of other research firms also recently weighed in on AVD. StockNews.com downgraded American Vanguard from a buy rating to a hold rating in a research note on Friday, May 10th. Loop Capital raised their target price on American Vanguard from $19.00 to $20.00 and gave the company a buy rating in a report on Monday, April 15th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $16.67.

American Vanguard Stock Down 1.8 %

AVD opened at $9.14 on Monday. The business has a 50 day moving average price of $8.76 and a two-hundred day moving average price of $10.35. The company has a quick ratio of 1.12, a current ratio of 2.29 and a debt-to-equity ratio of 0.50. The company has a market cap of $255.83 million, a PE ratio of 35.15 and a beta of 0.91. American Vanguard has a 52 week low of $7.94 and a 52 week high of $18.26.

American Vanguard (NYSE:AVD) last posted its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. American Vanguard had a return on equity of 2.20% and a net margin of 1.22%. The firm had revenue of $135.14 million during the quarter, compared to the consensus estimate of $141.20 million. During the same period in the prior year, the business earned $0.07 EPS. As a group, research analysts anticipate that American Vanguard will post 0.44 EPS for the current year.

American Vanguard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Wednesday, June 26th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Wednesday, June 26th. American Vanguard’s dividend payout ratio (DPR) is 46.15%.

Insider Transactions at American Vanguard

In other news, Director Steven D. Macicek purchased 8,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average price of $9.01 per share, with a total value of $76,585.00. Following the purchase, the director now directly owns 10,044 shares of the company’s stock, valued at $90,496.44. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Ulrich Trogele purchased 18,200 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was bought at an average price of $8.75 per share, with a total value of $159,250.00. Following the completion of the transaction, the insider now owns 209,876 shares of the company’s stock, valued at approximately $1,836,415. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven D. Macicek purchased 8,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was bought at an average cost of $9.01 per share, with a total value of $76,585.00. Following the completion of the acquisition, the director now owns 10,044 shares of the company’s stock, valued at $90,496.44. The disclosure for this purchase can be found here. Corporate insiders own 10.10% of the company’s stock.

Institutional Trading of American Vanguard

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in shares of American Vanguard by 492.4% during the 4th quarter. CWM LLC now owns 2,340 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,945 shares during the last quarter. Gladius Capital Management LP purchased a new position in shares of American Vanguard during the fourth quarter valued at approximately $37,000. Nisa Investment Advisors LLC boosted its position in American Vanguard by 7,554.5% during the second quarter. Nisa Investment Advisors LLC now owns 4,210 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 4,155 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in American Vanguard by 240.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,885 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 4,863 shares during the period. Finally, Bfsg LLC purchased a new stake in American Vanguard in the 4th quarter worth approximately $98,000. Hedge funds and other institutional investors own 79.04% of the company’s stock.

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.