The Manufacturers Life Insurance Company Buys 28,613 Shares of American Vanguard Co. (NYSE:AVD)

The Manufacturers Life Insurance Company grew its stake in shares of American Vanguard Co. (NYSE:AVD) by 40.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 99,536 shares of the basic materials company’s stock after buying an additional 28,613 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in American Vanguard were worth $528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new position in American Vanguard in the 2nd quarter worth about $1,677,000. Nisa Investment Advisors LLC raised its holdings in American Vanguard by 7,554.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,210 shares of the basic materials company’s stock valued at $36,000 after buying an additional 4,155 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in American Vanguard during the 2nd quarter worth approximately $118,000. Pullen Investment Management LLC boosted its position in American Vanguard by 2.4% during the 2nd quarter. Pullen Investment Management LLC now owns 70,089 shares of the basic materials company’s stock worth $603,000 after buying an additional 1,628 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in American Vanguard by 535.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 135,165 shares of the basic materials company’s stock worth $1,162,000 after acquiring an additional 113,901 shares during the last quarter. Institutional investors own 79.04% of the company’s stock.

Insider Transactions at American Vanguard

In related news, Director Steven D. Macicek bought 12,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of $5.97 per share, for a total transaction of $71,640.00. Following the transaction, the director now directly owns 31,218 shares of the company’s stock, valued at approximately $186,371.46. The trade was a 62.44 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.10% of the company’s stock.

American Vanguard Trading Down 0.2 %

AVD opened at $5.26 on Friday. The stock has a market cap of $151.44 million, a PE ratio of -5.11 and a beta of 0.89. The company has a quick ratio of 0.79, a current ratio of 1.89 and a debt-to-equity ratio of 0.55. American Vanguard Co. has a twelve month low of $4.95 and a twelve month high of $14.28. The company has a fifty day moving average of $5.64 and a 200-day moving average of $6.78.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised American Vanguard from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.67.

American Vanguard Profile

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.