American Vanguard Co. (NYSE:AVD) Shares Acquired by Point72 DIFC Ltd

Point72 DIFC Ltd boosted its position in shares of American Vanguard Co. (NYSE:AVD) by 195.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,080 shares of the basic materials company’s stock after purchasing an additional 3,362 shares during the period. Point72 DIFC Ltd’s holdings in American Vanguard were worth $44,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in American Vanguard by 4.5% during the 4th quarter. Wellington Management Group LLP now owns 1,685,126 shares of the basic materials company’s stock valued at $18,486,000 after purchasing an additional 73,120 shares in the last quarter. Cruiser Capital Advisors LLC grew its holdings in American Vanguard by 0.6% during the 4th quarter. Cruiser Capital Advisors LLC now owns 974,155 shares of the basic materials company’s stock valued at $10,686,000 after purchasing an additional 5,700 shares in the last quarter. Invenomic Capital Management LP grew its holdings in American Vanguard by 256.9% during the 4th quarter. Invenomic Capital Management LP now owns 876,708 shares of the basic materials company’s stock worth $9,617,000 after acquiring an additional 631,070 shares in the last quarter. Cove Street Capital LLC grew its holdings in American Vanguard by 166.1% during the 1st quarter. Cove Street Capital LLC now owns 709,287 shares of the basic materials company’s stock worth $9,185,000 after acquiring an additional 442,702 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in American Vanguard by 67.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 520,398 shares of the basic materials company’s stock worth $4,475,000 after acquiring an additional 209,800 shares in the last quarter. 79.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AVD has been the subject of several recent analyst reports. StockNews.com raised shares of American Vanguard from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. Lake Street Capital initiated coverage on shares of American Vanguard in a report on Monday, July 22nd. They set a “buy” rating and a $14.00 price objective for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.67.

Insider Transactions at American Vanguard

In other American Vanguard news, Director Keith M. Rosenbloom purchased 25,000 shares of American Vanguard stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average cost of $5.94 per share, for a total transaction of $148,500.00. Following the transaction, the director now owns 1,193,682 shares in the company, valued at approximately $7,090,471.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Peter Eilers sold 5,000 shares of American Vanguard stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $5.80, for a total value of $29,000.00. Following the sale, the insider now directly owns 42,905 shares in the company, valued at approximately $248,849. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Keith M. Rosenbloom acquired 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $5.94 per share, for a total transaction of $148,500.00. Following the completion of the transaction, the director now owns 1,193,682 shares in the company, valued at $7,090,471.08. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 163,047 shares of company stock worth $938,205. 10.10% of the stock is currently owned by insiders.

American Vanguard Trading Down 0.3 %

American Vanguard stock opened at $5.12 on Thursday. The firm’s 50-day moving average is $6.49 and its 200-day moving average is $8.87. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.08 and a current ratio of 2.22. American Vanguard Co. has a 1 year low of $4.95 and a 1 year high of $14.28. The company has a market cap of $143.14 million, a P/E ratio of 19.65 and a beta of 0.88.

American Vanguard (NYSE:AVD) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). American Vanguard had a positive return on equity of 1.85% and a negative net margin of 0.60%. The business had revenue of $128.21 million during the quarter, compared to the consensus estimate of $134.20 million. On average, equities analysts expect that American Vanguard Co. will post 0.02 earnings per share for the current year.

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. 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.