Millennium Management LLC lowered its holdings in shares of American Vanguard Co. (NYSE:AVD) by 30.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 182,834 shares of the basic materials company’s stock after selling 80,852 shares during the period. Millennium Management LLC’s holdings in American Vanguard were worth $3,593,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in AVD. Macquarie Group Ltd. bought a new position in shares of American Vanguard during the third quarter valued at $141,000. Wells Fargo & Company MN raised its stake in shares of American Vanguard by 63.7% during the third quarter. Wells Fargo & Company MN now owns 32,762 shares of the basic materials company’s stock valued at $750,000 after acquiring an additional 12,750 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of American Vanguard by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,481,563 shares of the basic materials company’s stock valued at $56,828,000 after acquiring an additional 28,327 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of American Vanguard during the third quarter valued at $406,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of American Vanguard by 9.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 111,565 shares of the basic materials company’s stock valued at $2,193,000 after acquiring an additional 9,285 shares during the last quarter. 76.82% of the stock is owned by hedge funds and other institutional investors.
AVD opened at $22.90 on Friday. American Vanguard Co. has a twelve month low of $15.20 and a twelve month high of $24.00. The company has a quick ratio of 1.04, a current ratio of 2.02 and a debt-to-equity ratio of 0.25. The firm has a market cap of $691.23, a PE ratio of 40.18 and a beta of 1.19.
American Vanguard (NYSE:AVD) last posted its quarterly earnings data on Monday, March 12th. The basic materials company reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. American Vanguard had a net margin of 5.70% and a return on equity of 5.74%. The company had revenue of $116.50 million during the quarter, compared to analysts’ expectations of $110.06 million. During the same period in the prior year, the company posted $0.13 earnings per share. American Vanguard’s revenue for the quarter was up 33.1% compared to the same quarter last year. research analysts anticipate that American Vanguard Co. will post 0.8 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 30th were given a dividend of $0.02 per share. The ex-dividend date was Wednesday, March 28th. This is a boost from American Vanguard’s previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a dividend yield of 0.35%. American Vanguard’s dividend payout ratio is 14.04%.
Several equities analysts have recently issued reports on the stock. ValuEngine raised shares of American Vanguard from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research cut shares of American Vanguard from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Finally, Roth Capital reiterated a “buy” rating on shares of American Vanguard in a research report on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $25.33.
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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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