RMB Capital Management LLC lessened its stake in American Vanguard Co. (NYSE:AVD) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,850 shares of the basic materials company’s stock after selling 1,250 shares during the quarter. RMB Capital Management LLC owned approximately 0.28% of American Vanguard worth $1,773,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. bought a new position in shares of American Vanguard in the first quarter valued at approximately $263,000. Cim Investment Mangement Inc. lifted its holdings in American Vanguard by 28.5% during the fourth quarter. Cim Investment Mangement Inc. now owns 31,717 shares of the basic materials company’s stock worth $492,000 after acquiring an additional 7,037 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in American Vanguard by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 179,852 shares of the basic materials company’s stock worth $2,792,000 after acquiring an additional 1,292 shares during the period. IndexIQ Advisors LLC bought a new stake in American Vanguard during the first quarter worth $400,000. Finally, SG Americas Securities LLC bought a new stake in American Vanguard during the fourth quarter worth $252,000. Institutional investors own 77.70% of the company’s stock.
A number of analysts recently commented on AVD shares. Loop Capital lifted their price target on American Vanguard from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, May 4th. Roth Capital lifted their price target on American Vanguard from $16.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 4th. Finally, TheStreet upgraded American Vanguard from a “c” rating to a “b-” rating in a report on Wednesday, February 24th.
Shares of AVD opened at $17.71 on Friday. The company has a market capitalization of $545.96 million, a price-to-earnings ratio of 30.02 and a beta of 0.86. The company has a fifty day moving average price of $19.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.16 and a current ratio of 2.19. American Vanguard Co. has a 1 year low of $11.85 and a 1 year high of $22.49.
American Vanguard (NYSE:AVD) last issued its earnings results on Wednesday, May 5th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.09. The firm had revenue of $116.16 million for the quarter, compared to analyst estimates of $108.40 million. American Vanguard had a return on equity of 5.06% and a net margin of 3.72%. On average, equities analysts forecast that American Vanguard Co. will post 0.71 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 8th. Shareholders of record on Thursday, June 24th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, June 23rd. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. American Vanguard’s payout ratio is presently 15.69%.
About American Vanguard
American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. The company manufactures and formulates chemicals, including insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.
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