American Vanguard Corp. (NYSE:AVD) Shares Bought by Comerica Bank

Comerica Bank boosted its holdings in shares of American Vanguard Corp. (NYSE:AVD) by 3.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 26,493 shares of the basic materials company’s stock after purchasing an additional 805 shares during the period. Comerica Bank owned approximately 0.09% of American Vanguard worth $478,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AVD. Victory Capital Management Inc. boosted its holdings in shares of American Vanguard by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 16,532 shares of the basic materials company’s stock valued at $251,000 after acquiring an additional 644 shares in the last quarter. Texas Permanent School Fund lifted its stake in shares of American Vanguard by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 17,460 shares of the basic materials company’s stock valued at $265,000 after purchasing an additional 670 shares during the period. Rhumbline Advisers lifted its stake in shares of American Vanguard by 1.0% in the first quarter. Rhumbline Advisers now owns 84,382 shares of the basic materials company’s stock valued at $1,453,000 after purchasing an additional 853 shares during the period. Legal & General Group Plc lifted its stake in shares of American Vanguard by 1.6% in the fourth quarter. Legal & General Group Plc now owns 57,885 shares of the basic materials company’s stock valued at $874,000 after purchasing an additional 884 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in shares of American Vanguard by 11.4% in the fourth quarter. Two Sigma Advisers LP now owns 11,761 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 1,200 shares during the period. 77.05% of the stock is currently owned by institutional investors.

American Vanguard stock traded up $0.05 during trading on Monday, reaching $15.46. The company had a trading volume of 91,221 shares, compared to its average volume of 95,390. American Vanguard Corp. has a 12-month low of $12.69 and a 12-month high of $23.30. The business’s 50 day moving average price is $13.96. The stock has a market capitalization of $459.44 million, a price-to-earnings ratio of 19.09 and a beta of 1.39. The company has a quick ratio of 1.02, a current ratio of 2.31 and a debt-to-equity ratio of 0.47.

American Vanguard (NYSE:AVD) last released its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. American Vanguard had a net margin of 5.21% and a return on equity of 7.17%. The company had revenue of $99.70 million during the quarter, compared to the consensus estimate of $105.20 million. During the same period in the previous year, the firm earned $0.16 earnings per share. American Vanguard’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts expect that American Vanguard Corp. will post 0.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.52%. American Vanguard’s payout ratio is currently 9.88%.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of American Vanguard from a “strong sell” rating to a “hold” rating in a research note on Monday, May 13th. ValuEngine cut shares of American Vanguard from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th.

About American Vanguard

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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Institutional Ownership by Quarter for American Vanguard (NYSE:AVD)

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