Fmr LLC Acquires 34,297 Shares of American Vanguard Co. (NYSE:AVD)

Fmr LLC raised its holdings in shares of American Vanguard Co. (NYSE:AVD) by 28.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 156,691 shares of the basic materials company’s stock after purchasing an additional 34,297 shares during the period. Fmr LLC owned approximately 0.54% of American Vanguard worth $830,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. First Eagle Investment Management LLC grew its position in shares of American Vanguard by 67.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 520,398 shares of the basic materials company’s stock valued at $4,475,000 after acquiring an additional 209,800 shares during the period. Assenagon Asset Management S.A. bought a new stake in American Vanguard during the second quarter valued at about $1,677,000. AQR Capital Management LLC purchased a new stake in American Vanguard in the second quarter worth about $1,006,000. Los Angeles Capital Management LLC raised its stake in shares of American Vanguard by 535.7% in the second quarter. Los Angeles Capital Management LLC now owns 135,165 shares of the basic materials company’s stock worth $1,162,000 after buying an additional 113,901 shares during the period. Finally, Barington Capital Group L.P. lifted its position in shares of American Vanguard by 11.8% during the 2nd quarter. Barington Capital Group L.P. now owns 475,000 shares of the basic materials company’s stock valued at $4,085,000 after buying an additional 50,000 shares in the last quarter. Institutional investors own 79.04% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of American Vanguard from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.67.

Insider Transactions at American Vanguard

In other news, Director Steven D. Macicek bought 12,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $5.97 per share, with a total value of $71,640.00. Following the completion of the acquisition, the director now directly owns 31,218 shares of the company’s stock, valued at $186,371.46. This trade represents a 62.44 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.10% of the company’s stock.

American Vanguard Stock Down 6.9 %

American Vanguard stock opened at $4.59 on Wednesday. American Vanguard Co. has a twelve month low of $4.57 and a twelve month high of $14.28. The business has a fifty day moving average of $5.62 and a two-hundred day moving average of $6.71. The firm has a market cap of $132.14 million, a P/E ratio of -4.46 and a beta of 0.89. The company has a quick ratio of 0.79, a current ratio of 1.89 and a debt-to-equity ratio of 0.55.

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.