EVR Research LP Raises Stock Holdings in American Vanguard Corporation $AVD

EVR Research LP lifted its stake in shares of American Vanguard Corporation (NYSE:AVD) by 82.0% during the fourth quarter, Holdings Channel reports. The fund owned 618,657 shares of the basic materials company’s stock after purchasing an additional 278,657 shares during the quarter. American Vanguard comprises 1.3% of EVR Research LP’s portfolio, making the stock its 24th biggest holding. EVR Research LP’s holdings in American Vanguard were worth $2,363,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in American Vanguard in the 1st quarter valued at about $28,000. Jain Global LLC purchased a new stake in shares of American Vanguard during the fourth quarter worth about $53,000. XTX Topco Ltd acquired a new position in shares of American Vanguard in the second quarter valued at approximately $57,000. Graham Capital Management L.P. purchased a new position in shares of American Vanguard during the fourth quarter valued at approximately $58,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of American Vanguard by 15.0% during the third quarter. Russell Investments Group Ltd. now owns 22,456 shares of the basic materials company’s stock valued at $129,000 after buying an additional 2,921 shares during the period. Institutional investors and hedge funds own 79.00% of the company’s stock.

Insider Activity

In related news, Director Patrick E. Gottschalk acquired 25,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of $2.70 per share, with a total value of $67,500.00. Following the purchase, the director directly owned 191,705 shares of the company’s stock, valued at approximately $517,603.50. This represents a 15.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of American Vanguard from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

American Vanguard Trading Down 1.7%

NYSE AVD opened at $2.60 on Thursday. The company has a market cap of $74.24 million, a P/E ratio of -1.63 and a beta of 1.43. American Vanguard Corporation has a 12 month low of $2.05 and a 12 month high of $5.92. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.32 and a quick ratio of 1.41. The company has a 50-day moving average of $2.74 and a 200-day moving average of $3.66.

American Vanguard (NYSE:AVD) last released its earnings results on Wednesday, May 6th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). American Vanguard had a negative net margin of 8.71% and a negative return on equity of 4.13%. The company had revenue of $123.57 million during the quarter, compared to analysts’ expectations of $120.00 million.

About American Vanguard

American Vanguard Corporation (NYSE: AVD) is a developer, manufacturer and marketer of specialty chemical products for crop protection, turf and ornamental care, and public health pest control. Headquartered in Newport Beach, California, the company offers a portfolio of insecticides, herbicides, fungicides and rodenticides designed for use across agricultural, turf and urban pest management applications. Its research and development efforts focus on novel chemistries and formulation technologies that address emerging pest resistance and regulatory requirements.

The company’s product lines include emulsifiable concentrates, wettable powders, granular formulations, baits and liquid concentrates sold under proprietary brand names.