New York State Teachers Retirement System grew its stake in American Vanguard Corp. (NYSE:AVD) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,761 shares of the basic materials company’s stock after acquiring an additional 800 shares during the period. New York State Teachers Retirement System owned 0.13% of American Vanguard worth $533,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank grew its holdings in shares of American Vanguard by 4.0% in the 1st quarter. Comerica Bank now owns 25,920 shares of the basic materials company’s stock valued at $376,000 after acquiring an additional 987 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of American Vanguard by 5.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 22,263 shares of the basic materials company’s stock valued at $322,000 after acquiring an additional 1,111 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of American Vanguard by 3.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 45,178 shares of the basic materials company’s stock valued at $653,000 after acquiring an additional 1,374 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of American Vanguard by 12.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 12,446 shares of the basic materials company’s stock valued at $180,000 after acquiring an additional 1,382 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of American Vanguard by 11.1% in the 1st quarter. Alliancebernstein L.P. now owns 37,513 shares of the basic materials company’s stock valued at $542,000 after acquiring an additional 3,743 shares in the last quarter. Institutional investors own 79.55% of the company’s stock.
Separately, Zacks Investment Research lowered American Vanguard from a “hold” rating to a “sell” rating in a research note on Tuesday, July 14th.
In other news, Director Esmail Zirakparvar bought 3,280 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were bought at an average price of $12.49 per share, with a total value of $40,967.20. Following the completion of the transaction, the director now owns 41,939 shares of the company’s stock, valued at $523,818.11. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.30% of the stock is currently owned by corporate insiders.
NYSE:AVD opened at $13.46 on Friday. American Vanguard Corp. has a 12-month low of $11.35 and a 12-month high of $19.60. The stock’s 50 day moving average price is $13.22 and its two-hundred day moving average price is $14.68. The company has a quick ratio of 1.25, a current ratio of 2.52 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $405.95 million, a price-to-earnings ratio of 37.39 and a beta of 1.01.
American Vanguard (NYSE:AVD) last posted its earnings results on Monday, May 11th. The basic materials company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. American Vanguard had a return on equity of 3.03% and a net margin of 2.20%. The company had revenue of $95.96 million for the quarter, compared to the consensus estimate of $96.05 million. Equities research analysts expect that American Vanguard Corp. will post 0.48 EPS for the current year.
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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