American Vanguard Corporation (NYSE:AVD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage currently has a $23.00 target price on the basic materials company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 10.84% from the company’s previous close.

According to Zacks, “AMERICAN VANGUARD CORP. is a holding company, which through its subsidiaries, is engaged in the manufacturer and formulation of chemicals for crops, human and animal health protection. These chemicals which include insecticides, fungicides, molluscicides, growth regulatorsain, and soil fumigants, are marketed in liquid, powder, and granular forms. “

Other analysts have also issued reports about the stock. Roth Capital set a $22.00 price target on shares of American Vanguard Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded American Vanguard Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $20.67.

American Vanguard Corporation (AVD) traded up 0.97% during midday trading on Friday, reaching $20.75. 290,300 shares of the company were exchanged. American Vanguard Corporation has a 52-week low of $14.20 and a 52-week high of $21.03. The firm’s 50-day moving average price is $19.93 and its 200 day moving average price is $17.75. The stock has a market capitalization of $618.00 million, a price-to-earnings ratio of 42.35 and a beta of 1.29.

American Vanguard Corporation (NYSE:AVD) last posted its quarterly earnings results on Monday, July 31st. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $77.90 million during the quarter, compared to analyst estimates of $77.71 million. American Vanguard Corporation had a net margin of 4.56% and a return on equity of 5.10%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities analysts predict that American Vanguard Corporation will post $0.63 earnings per share for the current year.

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In related news, insider David` T. Johnson sold 6,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $19.00, for a total value of $114,000.00. Following the transaction, the insider now owns 35,040 shares in the company, valued at $665,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its holdings in American Vanguard Corporation by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the basic materials company’s stock worth $174,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its holdings in American Vanguard Corporation by 0.8% in the first quarter. Arizona State Retirement System now owns 13,425 shares of the basic materials company’s stock worth $223,000 after buying an additional 100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in American Vanguard Corporation by 0.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 39,515 shares of the basic materials company’s stock worth $682,000 after buying an additional 100 shares during the last quarter. Prudential Financial Inc. increased its holdings in American Vanguard Corporation by 0.3% in the first quarter. Prudential Financial Inc. now owns 43,710 shares of the basic materials company’s stock worth $726,000 after buying an additional 150 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in American Vanguard Corporation by 1.5% in the second quarter. Wells Fargo & Company MN now owns 20,012 shares of the basic materials company’s stock worth $345,000 after buying an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 76.87% of the company’s stock.

About American Vanguard Corporation

American Vanguard Corporation operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC C.V.

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