American Vanguard Corporation $AVD Shares Bought by Williams & Novak LLC

Williams & Novak LLC raised its stake in American Vanguard Corporation (NYSE:AVD) by 40.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,605 shares of the basic materials company’s stock after acquiring an additional 4,505 shares during the quarter. Williams & Novak LLC owned approximately 0.06% of American Vanguard worth $61,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Gabelli Funds LLC lifted its holdings in American Vanguard by 13.6% in the first quarter. Gabelli Funds LLC now owns 25,000 shares of the basic materials company’s stock valued at $110,000 after acquiring an additional 3,000 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of American Vanguard by 3.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 98,358 shares of the basic materials company’s stock worth $386,000 after buying an additional 3,640 shares during the period. CWM LLC raised its stake in shares of American Vanguard by 134.7% during the 1st quarter. CWM LLC now owns 9,425 shares of the basic materials company’s stock worth $41,000 after buying an additional 5,410 shares during the period. Ieq Capital LLC raised its stake in shares of American Vanguard by 46.5% during the 1st quarter. Ieq Capital LLC now owns 17,154 shares of the basic materials company’s stock worth $75,000 after buying an additional 5,448 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of American Vanguard by 11.4% during the 1st quarter. Hsbc Holdings PLC now owns 60,027 shares of the basic materials company’s stock worth $262,000 after buying an additional 6,119 shares during the period. 79.00% of the stock is owned by institutional investors and hedge funds.

American Vanguard Stock Down 3.8%

Shares of AVD opened at $5.06 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.91. American Vanguard Corporation has a one year low of $3.28 and a one year high of $6.68. The stock has a market capitalization of $143.86 million, a price-to-earnings ratio of -1.13 and a beta of 1.26. The stock has a 50 day moving average price of $5.31 and a 200 day moving average price of $4.50.

American Vanguard (NYSE:AVD) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. American Vanguard had a negative return on equity of 26.21% and a negative net margin of 23.72%.The firm had revenue of $129.31 million during the quarter, compared to analysts’ expectations of $130.00 million.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Vanguard in a research note on Wednesday. Wall Street Zen raised American Vanguard from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

American Vanguard 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. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.