American Century Companies Inc. Purchases 91,283 Shares of American Vanguard Corporation $AVD

American Century Companies Inc. grew its position in American Vanguard Corporation (NYSE:AVD) by 142.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,355 shares of the basic materials company’s stock after acquiring an additional 91,283 shares during the quarter. American Century Companies Inc. owned 0.54% of American Vanguard worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. CWM LLC increased its stake in American Vanguard by 134.7% in the 1st quarter. CWM LLC now owns 9,425 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 5,410 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of American Vanguard in the 1st quarter worth approximately $44,000. Cerity Partners LLC purchased a new position in shares of American Vanguard in the 1st quarter worth approximately $48,000. Bayesian Capital Management LP purchased a new position in shares of American Vanguard in the 4th quarter worth approximately $54,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of American Vanguard by 23.8% in the 4th quarter. Wells Fargo & Company MN now owns 14,952 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 2,875 shares during the period. Institutional investors own 79.00% of the company’s stock.

Analysts Set New Price Targets

AVD has been the subject of a number of recent analyst reports. Lake Street Capital dropped their price objective on American Vanguard from $14.00 to $12.00 and set a “buy” rating for the company in a report on Monday, June 9th. Wall Street Zen lowered American Vanguard from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, American Vanguard currently has a consensus rating of “Buy” and an average target price of $12.00.

American Vanguard Stock Up 0.5%

Shares of AVD stock opened at $5.43 on Friday. The firm has a market capitalization of $154.23 million, a PE ratio of -1.21 and a beta of 1.26. American Vanguard Corporation has a fifty-two week low of $3.28 and a fifty-two week high of $6.68. The stock’s 50-day simple moving average is $4.43 and its 200-day simple moving average is $4.39. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.91.

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

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.