Hsbc Holdings PLC Sells 10,503 Shares of American Vanguard Co. (NYSE:AVD)

Hsbc Holdings PLC cut its position in shares of American Vanguard Co. (NYSE:AVD) by 25.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,986 shares of the basic materials company’s stock after selling 10,503 shares during the quarter. Hsbc Holdings PLC’s holdings in American Vanguard were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVD. Oppenheimer Asset Management Inc. lifted its position in American Vanguard by 40.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 44,189 shares of the basic materials company’s stock valued at $380,000 after buying an additional 12,625 shares during the period. Perritt Capital Management Inc purchased a new position in American Vanguard during the 2nd quarter valued at about $172,000. American Century Companies Inc. boosted its stake in American Vanguard by 12.9% during the second quarter. American Century Companies Inc. now owns 45,206 shares of the basic materials company’s stock worth $389,000 after acquiring an additional 5,170 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in American Vanguard by 535.7% during the second quarter. Los Angeles Capital Management LLC now owns 135,165 shares of the basic materials company’s stock worth $1,162,000 after acquiring an additional 113,901 shares in the last quarter. Finally, Pullen Investment Management LLC grew its holdings in American Vanguard by 2.4% in the second quarter. Pullen Investment Management LLC now owns 70,089 shares of the basic materials company’s stock worth $603,000 after purchasing an additional 1,628 shares during the period. 79.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AVD. Lake Street Capital initiated coverage on American Vanguard in a research report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. StockNews.com raised American Vanguard from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.67.

Insider Activity

In other American Vanguard news, Director Keith M. Rosenbloom bought 33,555 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was acquired at an average price of $5.66 per share, with a total value of $189,921.30. Following the transaction, the director now owns 1,047,410 shares in the company, valued at $5,928,340.60. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Peter Eilers sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $5.80, for a total transaction of $29,000.00. Following the transaction, the insider now owns 42,905 shares in the company, valued at $248,849. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith M. Rosenbloom bought 33,555 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was bought at an average cost of $5.66 per share, with a total value of $189,921.30. Following the transaction, the director now owns 1,047,410 shares in the company, valued at $5,928,340.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 163,047 shares of company stock valued at $938,205 over the last ninety days. 10.10% of the stock is currently owned by corporate insiders.

American Vanguard Trading Up 1.8 %

Shares of NYSE AVD opened at $5.19 on Friday. The firm’s 50 day moving average price is $6.32 and its 200-day moving average price is $8.82. American Vanguard Co. has a 52-week low of $4.95 and a 52-week high of $14.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.08 and a current ratio of 2.22. The company has a market cap of $145.24 million, a PE ratio of 19.65 and a beta of 0.87.

American Vanguard (NYSE:AVD) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $134.20 million. On average, equities research analysts expect that American Vanguard Co. will post 0.02 EPS for the current fiscal year.

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.