Susquehanna Portfolio Strategies LLC Cuts Stock Holdings in American Vanguard Co. (NYSE:AVD)

Susquehanna Portfolio Strategies LLC reduced its stake in American Vanguard Co. (NYSE:AVD) by 1.4% during the second quarter, HoldingsChannel.com reports. The fund owned 140,045 shares of the basic materials company’s stock after selling 1,924 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in American Vanguard were worth $1,204,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC purchased a new stake in shares of American Vanguard during the 4th quarter worth approximately $677,000. Aristides Capital LLC purchased a new stake in American Vanguard during the fourth quarter valued at $132,000. Humankind Investments LLC bought a new position in American Vanguard during the fourth quarter valued at $159,000. Invenomic Capital Management LP grew its stake in shares of American Vanguard by 256.9% in the 4th quarter. Invenomic Capital Management LP now owns 876,708 shares of the basic materials company’s stock worth $9,617,000 after buying an additional 631,070 shares in the last quarter. Finally, Cruiser Capital Advisors LLC increased its holdings in shares of American Vanguard by 0.6% in the 4th quarter. Cruiser Capital Advisors LLC now owns 974,155 shares of the basic materials company’s stock worth $10,686,000 after buying an additional 5,700 shares during the last quarter. Hedge funds and other institutional investors own 79.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AVD. Lake Street Capital initiated coverage on shares of American Vanguard in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target for the company. StockNews.com upgraded American Vanguard from a “sell” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, American Vanguard currently has an average rating of “Moderate Buy” and an average target price of $16.67.

American Vanguard Price Performance

AVD stock opened at $5.27 on Friday. The stock has a market cap of $147.48 million, a PE ratio of 20.27 and a beta of 0.88. American Vanguard Co. has a 12 month low of $4.95 and a 12 month high of $14.28. The company has a 50-day moving average price of $6.65 and a 200 day moving average price of $8.98. The company has a current ratio of 2.22, a quick ratio of 1.08 and a debt-to-equity ratio of 0.60.

American Vanguard (NYSE:AVD) last announced its earnings results on Thursday, August 8th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.08). American Vanguard had a negative net margin of 0.60% and a positive return on equity of 1.85%. The business had revenue of $128.21 million for the quarter, compared to analysts’ expectations of $134.20 million. Equities research analysts anticipate that American Vanguard Co. will post 0.02 earnings per share for the current year.

Insider Activity at American Vanguard

In other news, insider Peter Eilers sold 5,000 shares of American Vanguard stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $5.80, for a total transaction of $29,000.00. Following the completion of the sale, the insider now directly owns 42,905 shares in the company, valued at $248,849. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Keith M. Rosenbloom acquired 25,000 shares of American Vanguard stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of $5.94 per share, for a total transaction of $148,500.00. Following the acquisition, the director now directly owns 1,193,682 shares of the company’s stock, valued at approximately $7,090,471.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Eilers sold 5,000 shares of American Vanguard stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $5.80, for a total value of $29,000.00. Following the sale, the insider now directly owns 42,905 shares of the company’s stock, valued at $248,849. The disclosure for this sale can be found here. Insiders acquired a total of 163,047 shares of company stock worth $938,205 in the last quarter. 10.10% of the stock is owned by company insiders.

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.