American Vanguard Corp. (AVD) : Lapides Asset Management reduced its stake in American Vanguard Corp. by 3.43% during the most recent quarter end. The investment management company now holds a total of 374,900 shares of American Vanguard Corp. which is valued at $6,500,766 after selling 13,300 shares in American Vanguard Corp. , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.American Vanguard Corp. makes up approximately 1.07% of Lapides Asset Management’s portfolio.
Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc added AVD to its portfolio by purchasing 32,675 company shares during the most recent quarter which is valued at $566,585.Janney Montgomery Scott reduced its stake in AVD by selling 152 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 15,400 shares of AVD which is valued at $264,418. Gsa Capital Partners Llp sold out all of its stake in AVD during the most recent quarter. The investment firm sold 11,084 shares of AVD which is valued $190,312. Hartford Investment Management Co added AVD to its portfolio by purchasing 10,400 company shares during the most recent quarter which is valued at $157,144.
American Vanguard Corp. opened for trading at $17.18 and hit $17.53 on the upside on Monday, eventually ending the session at $17.29, with a gain of 1.35% or 0.23 points. The heightened volatility saw the trading volume jump to 1,56,347 shares. Company has a market cap of $507 M.
On the company’s financial health, American Vanguard Corp. reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.09. The company had revenue of $72.70 million for the quarter, compared to analysts expectations of $72.10 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on American Vanguard Corp.. American Vanguard Corp. was Upgraded by SunTrust to ” Buy” on Aug 3, 2016. American Vanguard Corp. was Downgraded by BB&T Capital Mkts to ” Hold” on Jul 13, 2016.
American Vanguard Corporation (AVD) operates as a holding company. The Company is primarily a specialty chemical manufacturer that develops and markets products for agricultural commercial and consumer uses. It manufactures and formulates chemicals for crops human and animal protection. It conducts its business through its subsidiaries which include AMVAC Chemical Corporation (AMVAC) GemChem Inc. 2110 Davie Corporation Quimica Amvac de Mexico S.A. de C.V. AMVAC Mexico Sociedad de Responsabilidad Limitada AMVAC de Costa Rica Sociedad de Responsabilidad Limitada AMVAC Switzerland GmbH AMVAC do Brasil Representacoes Ltda AMVAC CV AMVAC Netherlands BV and Envance Technologies LLC. AMVAC is its main operating subsidiary which owns and/or operates its domestic manufacturing facilities. AMVAC manufactures formulates packages and sells its products in the United States. AMVAC markets insecticides fungicides herbicides molluscicides growth regulators and soil fumigants.