Jupiter Asset Management Ltd. Has $284,000 Stock Holdings in American Vanguard Co. (NYSE:AVD)

Jupiter Asset Management Ltd. decreased its holdings in American Vanguard Co. (NYSE:AVD) by 10.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,901 shares of the basic materials company’s stock after selling 1,923 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.05% of American Vanguard worth $284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AVD. State Street Corp increased its stake in shares of American Vanguard by 23.2% in the 2nd quarter. State Street Corp now owns 1,265,837 shares of the basic materials company’s stock valued at $28,322,000 after buying an additional 238,046 shares during the period. River Road Asset Management LLC acquired a new stake in American Vanguard in the second quarter worth $3,889,000. Goldman Sachs Group Inc. lifted its holdings in American Vanguard by 308.6% during the second quarter. Goldman Sachs Group Inc. now owns 255,499 shares of the basic materials company’s stock worth $5,711,000 after acquiring an additional 192,970 shares in the last quarter. Cruiser Capital Advisors LLC grew its position in shares of American Vanguard by 372.5% in the 1st quarter. Cruiser Capital Advisors LLC now owns 219,777 shares of the basic materials company’s stock valued at $4,466,000 after purchasing an additional 173,261 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of American Vanguard by 2.8% during the third quarter. BlackRock Inc. now owns 4,830,965 shares of the basic materials company’s stock worth $90,339,000 after acquiring an additional 132,636 shares during the period. Institutional investors and hedge funds own 79.93% of the company’s stock.

American Vanguard Stock Performance

Shares of AVD stock opened at $9.22 on Tuesday. American Vanguard Co. has a 12 month low of $8.41 and a 12 month high of $23.67. The company’s fifty day simple moving average is $10.33 and its 200-day simple moving average is $14.46. The firm has a market cap of $265.08 million, a PE ratio of 57.63 and a beta of 1.04. The company has a quick ratio of 1.18, a current ratio of 2.49 and a debt-to-equity ratio of 0.61.

American Vanguard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Friday, September 22nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $0.12 dividend on an annualized basis and a yield of 1.30%. American Vanguard’s dividend payout ratio is 75.00%.

Wall Street Analyst Weigh In

AVD has been the subject of a number of research analyst reports. TheStreet lowered shares of American Vanguard from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. StockNews.com initiated coverage on American Vanguard in a report on Thursday, October 5th. They set a “hold” rating for the company.

American Vanguard Company 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, molluscicides, soil health, plant nutrition, growth regulators, and soil fumigants in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.