Insider Buying: John Rizzi Acquires 3,000 Shares of American Vanguard Corp. Stock (AVD)
American Vanguard Corp. (NYSE:AVD) Insider John Rizzi acquired 3,000 shares of the stock on the open market in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of $14.85 per share, for a total transaction of $44,550.00. Following the completion of the acquisition, the insider now directly owns 28,109 shares of the company’s stock, valued at approximately $417,419. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on AVD. Analysts at Topeka Capital Markets downgraded shares of American Vanguard Corp. from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. They now have a $17.00 price target on the stock, down previously from $23.00. Separately, analysts at SunTrust raised their price target on shares of American Vanguard Corp. from $3.00 to $21.00 in a research note on Monday, April 14th. Finally, analysts at Zacks downgraded shares of American Vanguard Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 25th. They now have a $20.60 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. American Vanguard Corp. presently has a consensus rating of “Hold” and an average target price of $23.66.
Shares of American Vanguard Corp. (NYSE:AVD) traded up 0.95% on Thursday, hitting $14.95. 281,919 shares of the company’s stock traded hands. American Vanguard Corp. has a 1-year low of $14.46 and a 1-year high of $32.34. The stock has a 50-day moving average of $19.8 and a 200-day moving average of $23.59. The company has a market cap of $429.8 million and a price-to-earnings ratio of 22.10.
American Vanguard Corp. (NYSE:AVD) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.04. The company had revenue of $81.10 million for the quarter, compared to the consensus estimate of $81.20 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was down 33.3% on a year-over-year basis. Analysts expect that American Vanguard Corp. will post $0.78 EPS for the current fiscal year.
American Vanguard Corporation operates as a holding company. It is primarily a chemical manufacturer that develops and markets products for agricultural and commercial uses.
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