American Vanguard Co. (NYSE:AVD) Director Keith M. Rosenbloom Acquires 25,000 Shares

American Vanguard Co. (NYSE:AVD) Director Keith M. Rosenbloom purchased 25,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were bought 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 directly owns 1,193,682 shares in the company, valued at approximately $7,090,471.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

American Vanguard Trading Up 0.9 %

AVD opened at $6.13 on Friday. 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 twelve month low of $4.95 and a twelve month high of $14.28. The firm’s fifty day moving average is $7.56 and its two-hundred day moving average is $9.56. The firm has a market cap of $171.41 million, a PE ratio of 23.56 and a beta of 0.91.

American Vanguard (NYSE:AVD) last posted its quarterly earnings data 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 negative net margin of 0.60% and a positive return on equity of 1.85%. The business had revenue of $128.21 million during the quarter, compared to analyst estimates of $134.20 million. Equities research analysts anticipate that American Vanguard Co. will post 0.02 EPS for the current year.

Hedge Funds Weigh In On American Vanguard

A number of hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in American Vanguard by 492.4% in the fourth quarter. CWM LLC now owns 2,340 shares of the basic materials company’s stock valued at $26,000 after buying an additional 1,945 shares during the period. Gladius Capital Management LP purchased a new position in shares of American Vanguard in the second quarter valued at $32,000. Nisa Investment Advisors LLC increased its holdings in shares of American Vanguard by 7,554.5% in the second quarter. Nisa Investment Advisors LLC now owns 4,210 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 4,155 shares during the period. Point72 DIFC Ltd raised its stake in American Vanguard by 195.7% in the second quarter. Point72 DIFC Ltd now owns 5,080 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 3,362 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in American Vanguard during the second quarter worth about $118,000. Institutional investors own 79.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Lake Street Capital initiated coverage on American Vanguard in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 target price for the company. StockNews.com downgraded shares of American Vanguard from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.67.

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.