American Vanguard Corporation (NYSE:AVD) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its position in American Vanguard Corporation (NYSE:AVD) by 27.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,339 shares of the basic materials company’s stock after acquiring an additional 27,896 shares during the quarter. Mackenzie Financial Corp owned 0.45% of American Vanguard worth $573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in American Vanguard by 2.0% in the fourth quarter. Wellington Management Group LLP now owns 1,498,061 shares of the basic materials company’s stock valued at $6,936,000 after buying an additional 29,713 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of American Vanguard by 9.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 990,238 shares of the basic materials company’s stock worth $4,585,000 after buying an additional 88,070 shares during the last quarter. Topline Capital Management LLC acquired a new position in shares of American Vanguard in the 4th quarter valued at $3,758,000. Geode Capital Management LLC grew its position in shares of American Vanguard by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 595,771 shares of the basic materials company’s stock valued at $2,759,000 after buying an additional 13,798 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in American Vanguard during the 4th quarter worth $2,666,000. Institutional investors and hedge funds own 79.04% of the company’s stock.

Analyst Upgrades and Downgrades

AVD has been the subject of several research analyst reports. Lake Street Capital decreased their price objective on shares of American Vanguard from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, June 9th. Wall Street Zen raised American Vanguard from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd.

American Vanguard Price Performance

AVD stock opened at $4.47 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $127.08 million, a P/E ratio of -1.00 and a beta of 1.23. The business has a 50 day simple moving average of $4.05 and a 200-day simple moving average of $4.46. American Vanguard Corporation has a twelve month low of $3.28 and a twelve month high of $8.68.

American Vanguard (NYSE:AVD) last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. The firm had revenue of $129.31 million during the quarter, compared to analysts’ expectations of $130.00 million. American Vanguard had a negative net margin of 23.72% and a negative return on equity of 26.21%.

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.