American Vanguard (NYSE:AVD - Get Free Report) released its earnings results on Friday. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.27), RTT News reports. The business had revenue of $127.00 million for the quarter, compared to analyst estimates of $127.00 million. American Vanguard had a negative return on equity of 3.45% and a negative net margin of 5.22%. During the same quarter last year, the company earned $0.06 earnings per share.
American Vanguard Stock Down 6.1%
Shares of AVD traded down $0.30 during midday trading on Friday, reaching $4.57. The stock had a trading volume of 244,986 shares, compared to its average volume of 266,391. American Vanguard has a 1-year low of $3.28 and a 1-year high of $9.84. The company's fifty day simple moving average is $4.17 and its two-hundred day simple moving average is $4.83. The company has a market cap of $128.86 million, a price-to-earnings ratio of -4.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.89 and a quick ratio of 0.79.
Institutional Investors Weigh In On American Vanguard
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of American Vanguard in the 1st quarter valued at $28,000. Jane Street Group LLC increased its holdings in shares of American Vanguard by 287.6% in the 1st quarter. Jane Street Group LLC now owns 40,509 shares of the basic materials company's stock valued at $178,000 after acquiring an additional 30,058 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of American Vanguard by 1,732.4% in the 1st quarter. Acadian Asset Management LLC now owns 58,234 shares of the basic materials company's stock valued at $253,000 after acquiring an additional 55,056 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of American Vanguard by 117.8% in the 1st quarter. AQR Capital Management LLC now owns 436,687 shares of the basic materials company's stock valued at $1,921,000 after acquiring an additional 236,212 shares during the last quarter. 79.04% of the stock is currently owned by institutional investors and hedge funds.
American Vanguard Company Profile
(
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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.
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