Charles Schwab Investment Management Inc. Trims Stock Holdings in American Vanguard Co. (NYSE:AVD)

Charles Schwab Investment Management Inc. reduced its holdings in shares of American Vanguard Co. (NYSE:AVD) by 23.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,877 shares of the basic materials company’s stock after selling 62,259 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.69% of American Vanguard worth $1,054,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AVD. Nisa Investment Advisors LLC raised its holdings in American Vanguard by 7,554.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,210 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 4,155 shares during the period. Point72 DIFC Ltd raised its stake in shares of American Vanguard by 195.7% during the 2nd quarter. Point72 DIFC Ltd now owns 5,080 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 3,362 shares during the period. SG Americas Securities LLC purchased a new stake in American Vanguard during the 3rd quarter worth about $56,000. Allspring Global Investments Holdings LLC bought a new position in American Vanguard in the 2nd quarter worth about $118,000. Finally, Algert Global LLC bought a new position in American Vanguard in the 2nd quarter worth about $158,000. 79.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Steven D. Macicek purchased 12,000 shares of the company’s stock in a transaction 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 purchase, the director now directly owns 31,218 shares in the company, valued at approximately $186,371.46. This trade represents a 62.44 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.10% of the company’s stock.

American Vanguard Price Performance

NYSE:AVD opened at $4.59 on Wednesday. American Vanguard Co. has a 52-week low of $4.57 and a 52-week high of $14.28. The stock has a fifty day moving average of $5.62 and a 200 day moving average of $6.71. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.79 and a current ratio of 1.89. The firm has a market capitalization of $132.14 million, a price-to-earnings ratio of -4.46 and a beta of 0.89.

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.