Bank of New York Mellon Corp Raises Holdings in American Vanguard Corp. (AVD)

Bank of New York Mellon Corp grew its position in American Vanguard Corp. (NYSE:AVD) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 463,778 shares of the basic materials company’s stock after buying an additional 10,596 shares during the quarter. Bank of New York Mellon Corp owned 1.53% of American Vanguard worth $8,348,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Heartland Advisors Inc. raised its stake in shares of American Vanguard by 4.4% during the third quarter. Heartland Advisors Inc. now owns 886,657 shares of the basic materials company’s stock worth $15,960,000 after buying an additional 37,349 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of American Vanguard by 62.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 10,431 shares of the basic materials company’s stock worth $188,000 after buying an additional 4,000 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of American Vanguard by 10.4% during the third quarter. Wells Fargo & Company MN now owns 90,423 shares of the basic materials company’s stock worth $1,627,000 after buying an additional 8,502 shares during the last quarter. First Trust Advisors LP raised its stake in shares of American Vanguard by 36.1% during the third quarter. First Trust Advisors LP now owns 40,531 shares of the basic materials company’s stock worth $730,000 after buying an additional 10,746 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of American Vanguard by 6.5% during the third quarter. Bank of Montreal Can now owns 595,922 shares of the basic materials company’s stock worth $10,728,000 after buying an additional 36,469 shares during the last quarter. Institutional investors and hedge funds own 76.44% of the company’s stock.

Shares of NYSE:AVD opened at $17.22 on Friday. American Vanguard Corp. has a 52 week low of $13.98 and a 52 week high of $24.00. The company has a quick ratio of 1.15, a current ratio of 2.33 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $541.82 million, a price-to-earnings ratio of 30.21 and a beta of 1.20.

American Vanguard (NYSE:AVD) last issued its earnings results on Monday, November 5th. The basic materials company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. American Vanguard had a net margin of 5.73% and a return on equity of 6.90%. The firm had revenue of $112.00 million during the quarter, compared to the consensus estimate of $119.20 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 24.4% on a year-over-year basis. On average, research analysts anticipate that American Vanguard Corp. will post 0.79 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 10th. Shareholders of record on Thursday, December 27th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.46%. The ex-dividend date was Wednesday, December 26th. American Vanguard’s payout ratio is presently 14.04%.

A number of research firms recently weighed in on AVD. Zacks Investment Research raised shares of American Vanguard from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. TheStreet downgraded shares of American Vanguard from a “b-” rating to a “c+” rating in a research note on Tuesday, December 18th. Loop Capital raised shares of American Vanguard from a “hold” rating to a “buy” rating and upped their target price for the company from $24.00 to $29.00 in a research note on Tuesday, November 20th. Finally, ValuEngine raised shares of American Vanguard from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. American Vanguard has a consensus rating of “Buy” and an average price target of $24.00.

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

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