Federated Hermes Inc. Acquires Shares of 64,357 American Vanguard Corporation (NYSE:AVD)

Key Points

• Federated Hermes Inc. has acquired 64,357 shares of American Vanguard Corporation, valued at approximately $283,000, during the first quarter of the year.
• Institutional investors collectively own 79.04% of American Vanguard's stock, with notable purchases made by firms like Topline Capital Management and Cubist Systematic Strategies.
• Analysts have recently downgraded American Vanguard's stock, with Lake Street Capital reducing its price target from $14.00 to $12.00 and changing the rating from "buy" to "hold."

Federated Hermes Inc. acquired a new stake in shares of American Vanguard Corporation (NYSE:AVD - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 64,357 shares of the basic materials company's stock, valued at approximately $283,000. Federated Hermes Inc. owned approximately 0.22% of American Vanguard as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of AVD. Topline Capital Management LLC bought a new stake in shares of American Vanguard in the 4th quarter worth approximately $3,758,000. Millennium Management LLC bought a new stake in shares of American Vanguard in the 4th quarter worth approximately $2,666,000. CastleKnight Management LP bought a new stake in shares of American Vanguard in the 4th quarter worth approximately $1,368,000. Jacobs Levy Equity Management Inc. boosted its position in shares of American Vanguard by 63.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 444,574 shares of the basic materials company's stock worth $2,058,000 after purchasing an additional 173,349 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of American Vanguard by 264.8% in the 4th quarter. Cubist Systematic Strategies LLC now owns 193,846 shares of the basic materials company's stock worth $898,000 after purchasing an additional 140,709 shares in the last quarter. 79.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AVD shares. Lake Street Capital dropped 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. Wall Street Zen cut American Vanguard from a "buy" rating to a "hold" rating in a research report on Sunday.

American Vanguard Price Performance

Shares of NYSE AVD opened at $4.66 on Friday. American Vanguard Corporation has a twelve month low of $3.28 and a twelve month high of $6.68. The firm has a market cap of $132.48 million, a P/E ratio of -1.04 and a beta of 1.23. The company has a 50 day moving average of $4.05 and a 200 day moving average of $4.45. The company has a quick ratio of 1.00, a current ratio of 1.91 and a debt-to-equity ratio of 0.82.

American Vanguard (NYSE:AVD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. The company had revenue of $129.31 million during the quarter, compared to analyst estimates of $130.00 million. American Vanguard had a negative net margin of 23.72% and a negative return on equity of 26.21%.

American Vanguard 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.

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