Jane Street Group LLC Sells 30,514 Shares of American Vanguard Co. (NYSE:AVD)

Jane Street Group LLC lessened its stake in shares of American Vanguard Co. (NYSE:AVD) by 74.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,451 shares of the basic materials company’s stock after selling 30,514 shares during the period. Jane Street Group LLC’s holdings in American Vanguard were worth $48,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Northern Trust Corp lifted its holdings in shares of American Vanguard by 3.3% in the 4th quarter. Northern Trust Corp now owns 224,507 shares of the basic materials company’s stock worth $1,039,000 after acquiring an additional 7,251 shares during the last quarter. Oxford Asset Management LLP purchased a new position in American Vanguard during the 4th quarter valued at $163,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of American Vanguard in the 4th quarter worth about $68,000. Topline Capital Management LLC purchased a new stake in shares of American Vanguard in the 4th quarter worth about $3,758,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of American Vanguard by 3.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 69,909 shares of the basic materials company’s stock worth $324,000 after buying an additional 2,221 shares during the period. Hedge funds and other institutional investors own 79.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AVD shares. Lake Street Capital lowered their target price on shares of American Vanguard from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday. Wall Street Zen lowered shares of American Vanguard from a “hold” rating to a “sell” rating in a report on Saturday.

American Vanguard Stock Down 9.6%

Shares of NYSE:AVD opened at $4.47 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 0.79. The firm has a market capitalization of $126.04 million, a PE ratio of -4.33 and a beta of 1.28. The business has a 50 day simple moving average of $4.18 and a two-hundred day simple moving average of $4.79. American Vanguard Co. has a 1 year low of $3.28 and a 1 year high of $9.84.

American Vanguard (NYSE:AVD) last issued its quarterly earnings results on Friday, June 6th. The basic materials company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.21). American Vanguard had a negative return on equity of 3.45% and a negative net margin of 5.22%. The business had revenue of $127.00 million for the quarter, compared to analyst estimates of $127.00 million. During the same period in the previous year, the company posted $0.06 earnings per share.

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.