Swiss National Bank Purchases 1,100 Shares of American Vanguard Corp. (NYSE:AVD)

Swiss National Bank lifted its position in American Vanguard Corp. (NYSE:AVD) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,851 shares of the basic materials company’s stock after buying an additional 1,100 shares during the period. Swiss National Bank owned about 0.17% of American Vanguard worth $784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AVD. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of American Vanguard by 65.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,943 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 1,165 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in American Vanguard by 218.1% during the first quarter. BNP Paribas Arbitrage SA now owns 7,325 shares of the basic materials company’s stock valued at $126,000 after buying an additional 5,022 shares during the last quarter. Aperio Group LLC purchased a new stake in American Vanguard during the second quarter valued at approximately $116,000. SG Americas Securities LLC purchased a new stake in American Vanguard during the first quarter valued at approximately $194,000. Finally, KBC Group NV increased its holdings in American Vanguard by 255.6% during the second quarter. KBC Group NV now owns 12,502 shares of the basic materials company’s stock valued at $193,000 after buying an additional 8,986 shares during the last quarter. Hedge funds and other institutional investors own 75.81% of the company’s stock.

AVD has been the subject of a number of research reports. ValuEngine raised shares of American Vanguard from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research cut shares of American Vanguard from a “hold” rating to a “strong sell” rating in a report on Thursday, July 25th.

In other news, COO Ulrich Trogele purchased 2,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of $14.24 per share, for a total transaction of $28,480.00. Following the completion of the transaction, the chief operating officer now directly owns 126,201 shares in the company, valued at approximately $1,797,102.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric G. Wintemute purchased 5,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was purchased at an average price of $14.08 per share, with a total value of $70,400.00. Following the completion of the transaction, the chief executive officer now owns 955,060 shares of the company’s stock, valued at $13,447,244.80. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 7,700 shares of company stock valued at $109,050. Company insiders own 5.30% of the company’s stock.

AVD stock traded up $0.02 during midday trading on Friday, reaching $16.93. 1,104 shares of the company’s stock traded hands, compared to its average volume of 81,545. American Vanguard Corp. has a 52-week low of $12.69 and a 52-week high of $21.19. The stock has a market cap of $513.70 million, a P/E ratio of 20.88 and a beta of 1.37. The company has a current ratio of 2.65, a quick ratio of 1.16 and a debt-to-equity ratio of 0.52. The stock’s 50-day moving average is $14.01 and its 200 day moving average is $15.45.

American Vanguard (NYSE:AVD) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. The business had revenue of $113.10 million during the quarter, compared to analysts’ expectations of $109.83 million. American Vanguard had a net margin of 4.60% and a return on equity of 6.34%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. As a group, research analysts expect that American Vanguard Corp. will post 0.68 EPS for the current fiscal year.

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

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