SG Americas Securities LLC Purchases New Position in American Vanguard Co. (NYSE:AVD)

SG Americas Securities LLC acquired a new stake in American Vanguard Co. (NYSE:AVD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 35,154 shares of the basic materials company’s stock, valued at approximately $529,000. SG Americas Securities LLC owned 0.11% of American Vanguard at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in American Vanguard in the second quarter valued at approximately $80,000. Metropolitan Life Insurance Co NY grew its holdings in American Vanguard by 95,722.2% in the second quarter. Metropolitan Life Insurance Co NY now owns 8,624 shares of the basic materials company’s stock valued at $151,000 after purchasing an additional 8,615 shares during the period. Maryland State Retirement & Pension System acquired a new stake in American Vanguard in the third quarter valued at approximately $164,000. Louisiana State Employees Retirement System grew its holdings in American Vanguard by 5.7% in the third quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the basic materials company’s stock valued at $194,000 after purchasing an additional 700 shares during the period. Finally, Amalgamated Bank acquired a new stake in American Vanguard in the second quarter valued at approximately $231,000. 78.35% of the stock is currently owned by institutional investors.

Shares of American Vanguard stock opened at $16.17 on Friday. American Vanguard Co. has a one year low of $14.16 and a one year high of $22.49. The company has a market cap of $500.20 million, a price-to-earnings ratio of 22.77 and a beta of 0.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 2.11. The business’s 50 day moving average price is $15.78 and its 200 day moving average price is $15.86.

American Vanguard (NYSE:AVD) last posted its earnings results on Monday, November 8th. The basic materials company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.07. American Vanguard had a return on equity of 5.93% and a net margin of 4.01%. The company had revenue of $147.30 million for the quarter. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, analysts predict that American Vanguard Co. will post 0.7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 10th. Investors of record on Monday, December 27th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, December 23rd. This represents a $0.08 annualized dividend and a dividend yield of 0.49%. American Vanguard’s dividend payout ratio is presently 11.27%.

A number of brokerages have recently issued reports on AVD. TheStreet raised American Vanguard from a “c+” rating to a “b” rating in a research note on Monday, January 3rd. Roth Capital reaffirmed a “buy” rating on shares of American Vanguard in a research note on Wednesday, November 24th.

American Vanguard Company Profile

American Vanguard Corp. is a holding company, which engages in the development and marketing of specialty and agricultural products for crop protection and management, turf and ornamentals management, and public and animal health. It also acquires and licenses both new and well-established product lines that serve numerous market niches.

Further Reading: Return On Assets

Institutional Ownership by Quarter for American Vanguard (NYSE:AVD)

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