Cerity Partners LLC Invests $48,000 in American Vanguard Corporation (NYSE:AVD)

Cerity Partners LLC bought a new position in American Vanguard Corporation (NYSE:AVD) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,887 shares of the basic materials company’s stock, valued at approximately $48,000.

Other hedge funds have also modified their holdings of the company. Bayesian Capital Management LP bought a new stake in American Vanguard during the 4th quarter worth approximately $54,000. Susquehanna Fundamental Investments LLC bought a new stake in American Vanguard during the 4th quarter worth approximately $68,000. Wells Fargo & Company MN grew its position in American Vanguard by 23.8% during the 4th 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 during the last quarter. Gabelli Funds LLC grew its position in American Vanguard by 15.8% during the 4th quarter. Gabelli Funds LLC now owns 22,000 shares of the basic materials company’s stock worth $102,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Corton Capital Inc. bought a new stake in American Vanguard during the 4th quarter worth approximately $103,000. 79.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AVD. Wall Street Zen upgraded American Vanguard from a “sell” rating to a “hold” rating in a research report on Sunday, June 15th. Lake Street Capital decreased their price target on American Vanguard from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, June 9th.

American Vanguard Stock Down 2.0%

Shares of AVD opened at $3.37 on Thursday. The firm has a market capitalization of $95.14 million, a price-to-earnings ratio of -0.69 and a beta of 1.21. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.91 and a current ratio of 1.77. The business’s fifty day moving average price is $4.05 and its two-hundred day moving average price is $4.48. American Vanguard Corporation has a 52 week low of $3.28 and a 52 week high of $9.84.

American Vanguard (NYSE:AVD) last announced its quarterly earnings data on Friday, June 6th. The basic materials company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.21). The firm had revenue of $127.00 million during the quarter, compared to the consensus estimate of $127.00 million. American Vanguard had a negative net margin of 25.83% and a negative return on equity of 23.99%. During the same quarter in the previous year, the business posted $0.06 earnings per share.

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.