Hsbc Holdings PLC Buys 6,119 Shares of American Vanguard Corporation $AVD

Hsbc Holdings PLC increased its stake in shares of American Vanguard Corporation (NYSE:AVD) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,027 shares of the basic materials company’s stock after acquiring an additional 6,119 shares during the quarter. Hsbc Holdings PLC owned approximately 0.21% of American Vanguard worth $262,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC boosted its stake in American Vanguard by 134.7% during the first 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 in the last quarter. Aigen Investment Management LP bought a new position in American Vanguard during the first quarter worth $44,000. Cerity Partners LLC bought a new position in American Vanguard during the first quarter worth $48,000. Bayesian Capital Management LP bought a new position in American Vanguard during the fourth quarter worth $54,000. Finally, Wells Fargo & Company MN boosted its stake in American Vanguard by 23.8% during the fourth quarter. Wells Fargo & Company MN now owns 14,952 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 2,875 shares in the last quarter. 79.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on AVD shares. Wall Street Zen lowered shares of American Vanguard from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Lake Street Capital lowered their price objective on shares of American Vanguard from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, June 9th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, American Vanguard has an average rating of “Buy” and an average target price of $12.00.

American Vanguard Stock Performance

AVD opened at $5.43 on Friday. 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’s fifty day moving average price is $4.43 and its two-hundred day moving average price is $4.39. American Vanguard Corporation has a 1-year low of $3.28 and a 1-year high of $6.68. The company has a market cap of $154.23 million, a price-to-earnings ratio of -1.21 and a beta of 1.26.

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

About American Vanguard

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.