American Vanguard Corp. (NYSE:AVD) has been assigned an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $25.50.
Several research analysts have recently weighed in on the stock. Roth Capital set a $28.00 price target on shares of American Vanguard and gave the company a “buy” rating in a report on Sunday, October 1st. Zacks Investment Research upgraded shares of American Vanguard from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Friday, September 15th. Finally, Piper Jaffray Companies set a $22.00 price target on shares of American Vanguard and gave the company a “hold” rating in a report on Friday, October 6th.
American Vanguard (NYSE AVD) opened at $20.80 on Wednesday. The stock has a market cap of $618.24, a P/E ratio of 39.25, a P/E/G ratio of 1.65 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 2.37. American Vanguard has a 1-year low of $14.65 and a 1-year high of $24.00.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be issued a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Tuesday, December 26th. American Vanguard’s dividend payout ratio (DPR) is presently 11.32%.
In other news, insider David` T. Johnson sold 6,611 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $18.87, for a total value of $124,749.57. Following the sale, the insider now owns 28,429 shares of the company’s stock, valued at $536,455.23. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Timothy Donnelly sold 4,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $19.36, for a total transaction of $77,440.00. Following the completion of the sale, the insider now directly owns 37,564 shares in the company, valued at approximately $727,239.04. The disclosure for this sale can be found here. 4.70% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in AVD. Macquarie Group Ltd. bought a new stake in shares of American Vanguard in the third quarter worth $141,000. Acrospire Investment Management LLC lifted its position in shares of American Vanguard by 83.7% in the second quarter. Acrospire Investment Management LLC now owns 8,685 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 3,956 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of American Vanguard in the third quarter worth $153,000. BNP Paribas Arbitrage SA lifted its position in shares of American Vanguard by 54.0% in the second quarter. BNP Paribas Arbitrage SA now owns 9,019 shares of the basic materials company’s stock worth $156,000 after purchasing an additional 3,162 shares in the last quarter. Finally, Hancock Holding Co. lifted its position in shares of American Vanguard by 7.2% in the second quarter. Hancock Holding Co. now owns 12,029 shares of the basic materials company’s stock worth $208,000 after purchasing an additional 813 shares in the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.
About American Vanguard
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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