Trexquant Investment LP Purchases 102,774 Shares of American Vanguard Corporation $AVD

Key Points

• Trexquant Investment LP significantly expanded its investment in American Vanguard Corporation, acquiring an additional 102,774 shares, raising its total holdings by 415.6% to 127,504 shares valued at approximately $561,000.
• Institutional investors own 79% of American Vanguard's stock, indicating strong investor confidence and interest in the company.
• Recent analyst ratings for American Vanguard show a mix of opinions, with Lake Street Capital lowering its price target from $14.00 to $12.00 while maintaining a "buy" rating.

Trexquant Investment LP increased its position in shares of American Vanguard Corporation (NYSE:AVD - Free Report) by 415.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,504 shares of the basic materials company's stock after acquiring an additional 102,774 shares during the period. Trexquant Investment LP owned approximately 0.44% of American Vanguard worth $561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AVD. CWM LLC increased its holdings in American Vanguard by 134.7% during the 1st quarter. CWM LLC now owns 9,425 shares of the basic materials company's stock worth $41,000 after acquiring an additional 5,410 shares during the period. Aigen Investment Management LP bought a new stake in American Vanguard during the 1st quarter worth approximately $44,000. Cerity Partners LLC bought a new stake in American Vanguard during the 1st quarter worth approximately $48,000. Wells Fargo & Company MN increased its holdings 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 period. Finally, Ieq Capital LLC increased its holdings in American Vanguard by 46.5% during the 1st quarter. Ieq Capital LLC now owns 17,154 shares of the basic materials company's stock worth $75,000 after acquiring an additional 5,448 shares during the period. Institutional investors own 79.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Lake Street Capital cut their price target on shares of American Vanguard from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Monday, June 9th. Wall Street Zen raised shares of American Vanguard from a "hold" rating to a "buy" rating in a research report on Friday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, American Vanguard presently has an average rating of "Buy" and an average target price of $12.00.

American Vanguard Stock Performance

AVD opened at $5.70 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. American Vanguard Corporation has a 12-month low of $3.28 and a 12-month high of $6.68. The company has a market cap of $162.06 million, a price-to-earnings ratio of -1.28 and a beta of 1.26. The company's 50 day moving average is $4.50 and its 200 day moving average is $4.38.

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

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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