Pullen Investment Management LLC Has $1.26 Million Stake in American Vanguard Corporation $AVD

Pullen Investment Management LLC lifted its position in shares of American Vanguard Corporation (NYSE:AVD) by 31.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 320,489 shares of the basic materials company’s stock after purchasing an additional 77,346 shares during the quarter. Pullen Investment Management LLC owned 1.14% of American Vanguard worth $1,256,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC acquired a new position in shares of American Vanguard during the first quarter worth approximately $48,000. American Century Companies Inc. grew its holdings in American Vanguard by 142.5% during the first quarter. American Century Companies Inc. now owns 155,355 shares of the basic materials company’s stock worth $684,000 after buying an additional 91,283 shares in the last quarter. Hsbc Holdings PLC grew its holdings in American Vanguard by 11.4% during the first 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 in the last quarter. Mackenzie Financial Corp grew its holdings in American Vanguard by 27.2% during the first quarter. Mackenzie Financial Corp now owns 130,339 shares of the basic materials company’s stock worth $573,000 after buying an additional 27,896 shares in the last quarter. Finally, Trexquant Investment LP grew its holdings in American Vanguard by 415.6% during the first quarter. Trexquant Investment LP now owns 127,504 shares of the basic materials company’s stock worth $561,000 after buying an additional 102,774 shares in the last quarter. 79.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on AVD. Wall Street Zen upgraded American Vanguard from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of American Vanguard in a report on Friday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.00.

American Vanguard Stock Up 1.6%

Shares of NYSE:AVD opened at $5.34 on Friday. The company has a market capitalization of $151.67 million, a PE ratio of -1.19 and a beta of 1.26. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.91 and a quick ratio of 1.00. The business has a fifty day moving average price of $5.39 and a two-hundred day moving average price of $4.58. American Vanguard Corporation has a 1 year low of $3.28 and a 1 year high of $6.68.

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

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.