Cornerstone Capital Management Holdings LLC. acquired a new position in American Vanguard Corp. (NYSE:AVD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,800 shares of the basic materials company’s stock, valued at approximately $406,000. Cornerstone Capital Management Holdings LLC. owned 0.06% of American Vanguard as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AVD. Teachers Advisors LLC grew its position in shares of American Vanguard by 2.7% during the first quarter. Teachers Advisors LLC now owns 50,213 shares of the basic materials company’s stock worth $834,000 after purchasing an additional 1,323 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of American Vanguard by 20.6% during the second quarter. Russell Investments Group Ltd. now owns 191,090 shares of the basic materials company’s stock worth $3,296,000 after purchasing an additional 32,695 shares in the last quarter. Texas Permanent School Fund grew its position in shares of American Vanguard by 2.3% during the second quarter. Texas Permanent School Fund now owns 19,135 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 429 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of American Vanguard by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 102,878 shares of the basic materials company’s stock worth $1,775,000 after purchasing an additional 646 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of American Vanguard by 1.5% during the second quarter. Arizona State Retirement System now owns 13,625 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 200 shares in the last quarter. 76.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Vanguard Corp. (NYSE:AVD) opened at $19.70 on Wednesday. American Vanguard Corp. has a one year low of $14.65 and a one year high of $24.00. The company has a current ratio of 2.37, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $583.97, a P/E ratio of 36.48, a P/E/G ratio of 2.21 and a beta of 1.23.

American Vanguard (NYSE:AVD) last issued its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03). American Vanguard had a return on equity of 5.44% and a net margin of 4.83%. The business had revenue of $90.00 million for the quarter, compared to the consensus estimate of $89.17 million. During the same period in the prior year, the business posted $0.10 earnings per share. American Vanguard’s revenue was up 9.2% on a year-over-year basis. analysts anticipate that American Vanguard Corp. will post 0.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Tuesday, December 26th. American Vanguard’s dividend payout ratio (DPR) is presently 11.11%.

AVD has been the subject of several research analyst reports. Roth Capital set a $28.00 price target on American Vanguard and gave the company a “buy” rating in a report on Sunday, October 1st. Zacks Investment Research raised American Vanguard from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Friday, September 15th. Finally, Piper Jaffray Companies set a $22.00 price target on American Vanguard and gave the stock a “hold” rating in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.33.

In other American Vanguard news, insider Timothy Donnelly sold 4,000 shares of American Vanguard stock in a transaction on Monday, December 4th. The stock was sold at an average price of $19.36, for a total transaction of $77,440.00. Following the completion of the sale, the insider now directly owns 37,564 shares of the company’s stock, valued at approximately $727,239.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David` T. Johnson sold 6,611 shares of American Vanguard stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $18.87, for a total value of $124,749.57. Following the sale, the insider now directly owns 28,429 shares of the company’s stock, valued at $536,455.23. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

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American Vanguard Company Profile

American Vanguard Corporation operates as a holding company. The Company conducts its business through its subsidiaries, AMVAC Chemical Corporation (AMVAC), GemChem, Inc (GemChem), 2110 Davie Corporation (DAVIE), Quimica Amvac de Mexico SA de C.V. (AMVAC M), AMVAC Mexico Sociedad de Responsabilidad Limitada (AMVAC M Srl), AMVAC de Costa Rica Sociedad de Responsabilidad Limitada (AMVAC CR Srl), AMVAC Switzerland GmbH (AMVAC S), AMVAC do Brasil Representacoes Ltda (AMVAC B), AMVAC C.V.

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

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