PNC Financial Services Group Inc. Lowers Stock Holdings in American Vanguard Co. (NYSE:AVD)

PNC Financial Services Group Inc. reduced its stake in American Vanguard Co. (NYSE:AVDFree Report) by 81.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,271 shares of the basic materials company’s stock after selling 14,518 shares during the period. PNC Financial Services Group Inc.’s holdings in American Vanguard were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AVD. CWM LLC increased its holdings in American Vanguard by 492.4% in the 4th quarter. CWM LLC now owns 2,340 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 1,945 shares during the last quarter. Gladius Capital Management LP bought a new stake in American Vanguard in the 4th quarter valued at $37,000. Tower Research Capital LLC TRC increased its holdings in American Vanguard by 240.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,885 shares of the basic materials company’s stock valued at $76,000 after acquiring an additional 4,863 shares during the last quarter. Bfsg LLC bought a new stake in American Vanguard in the 4th quarter valued at $98,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in American Vanguard in the 4th quarter valued at $124,000. 79.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Vanguard

In related news, insider Ulrich Trogele acquired 18,200 shares of the stock in a transaction on Thursday, May 16th. The stock was bought at an average cost of $8.75 per share, with a total value of $159,250.00. Following the transaction, the insider now directly owns 209,876 shares in the company, valued at $1,836,415. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Ulrich Trogele acquired 18,200 shares of the stock in a transaction on Thursday, May 16th. The stock was bought at an average cost of $8.75 per share, with a total value of $159,250.00. Following the transaction, the insider now directly owns 209,876 shares in the company, valued at $1,836,415. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven D. Macicek acquired 8,500 shares of the stock in a transaction on Wednesday, May 15th. The stock was bought at an average cost of $9.01 per share, with a total value of $76,585.00. Following the completion of the transaction, the director now owns 10,044 shares in the company, valued at $90,496.44. The disclosure for this purchase can be found here. 10.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of American Vanguard from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Loop Capital boosted their target price on shares of American Vanguard from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Roth Mkm boosted their target price on shares of American Vanguard from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, March 15th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, American Vanguard has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Check Out Our Latest Analysis on AVD

American Vanguard Price Performance

AVD stock opened at $8.35 on Tuesday. American Vanguard Co. has a 12 month low of $7.97 and a 12 month high of $18.26. The company has a current ratio of 2.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $9.26 and a 200 day moving average price of $10.52. The stock has a market cap of $233.72 million, a PE ratio of 32.12 and a beta of 0.91.

American Vanguard (NYSE:AVDGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. American Vanguard had a net margin of 1.22% and a return on equity of 2.20%. The firm had revenue of $135.14 million during the quarter, compared to analysts’ expectations of $141.20 million. During the same period in the previous year, the company earned $0.07 EPS. Equities research analysts anticipate that American Vanguard Co. will post 0.44 earnings per share for the current year.

American Vanguard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Wednesday, June 26th will be given a $0.03 dividend. The ex-dividend date is Wednesday, June 26th. This represents a $0.12 annualized dividend and a yield of 1.44%. American Vanguard’s dividend payout ratio (DPR) is 46.15%.

About American Vanguard

(Free Report)

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.

See Also

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

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