American Vanguard (NYSE:AVD) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of American Vanguard (NYSE:AVD) from a hold rating to a sell rating in a research report released on Saturday.

American Vanguard Trading Down 9.6%

Shares of AVD stock opened at $4.47 on Friday. American Vanguard has a 1 year low of $3.28 and a 1 year high of $9.84. The firm has a fifty day moving average price of $4.18 and a 200-day moving average price of $4.79. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 0.79. The company has a market cap of $126.04 million, a price-to-earnings ratio of -4.33 and a beta of 1.28.

American Vanguard (NYSE:AVD) last announced its quarterly earnings results on Friday, June 6th. The basic materials company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.21). The company had revenue of $127.00 million during the quarter, compared to analysts’ expectations of $127.00 million. American Vanguard had a negative return on equity of 3.45% and a negative net margin of 5.22%. During the same quarter in the previous year, the firm earned $0.06 EPS.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AVD. Topline Capital Management LLC purchased a new stake in shares of American Vanguard in the 4th quarter valued at approximately $3,758,000. Millennium Management LLC purchased a new stake in shares of American Vanguard during the 4th quarter worth $2,666,000. CastleKnight Management LP purchased a new stake in shares of American Vanguard during the 4th quarter worth $1,368,000. Cove Street Capital LLC lifted its position in shares of American Vanguard by 35.0% during the 1st quarter. Cove Street Capital LLC now owns 1,119,539 shares of the basic materials company’s stock worth $4,926,000 after purchasing an additional 290,246 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in American Vanguard by 117.8% during the 1st quarter. AQR Capital Management LLC now owns 436,687 shares of the basic materials company’s stock worth $1,921,000 after acquiring an additional 236,212 shares in the last quarter. Institutional investors and hedge funds own 79.04% of the company’s stock.

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. 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.