JPMorgan Chase & Co. Buys 77,728 Shares of American Vanguard Co. (NYSE:AVD)

JPMorgan Chase & Co. increased its holdings in shares of American Vanguard Co. (NYSE:AVD - Free Report) by 26.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 376,626 shares of the basic materials company's stock after purchasing an additional 77,728 shares during the period. JPMorgan Chase & Co. owned approximately 1.31% of American Vanguard worth $1,744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in shares of American Vanguard by 70.6% in the 4th quarter. Sei Investments Co. now owns 31,360 shares of the basic materials company's stock valued at $145,000 after purchasing an additional 12,975 shares in the last quarter. American Century Companies Inc. boosted its stake in American Vanguard by 23.2% in the fourth quarter. American Century Companies Inc. now owns 64,072 shares of the basic materials company's stock worth $297,000 after purchasing an additional 12,057 shares in the last quarter. Intech Investment Management LLC acquired a new position in American Vanguard in the fourth quarter worth $50,000. PNC Financial Services Group Inc. increased its stake in shares of American Vanguard by 133.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,575 shares of the basic materials company's stock valued at $30,000 after buying an additional 3,753 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of American Vanguard in the fourth quarter valued at about $94,000. Institutional investors and hedge funds own 79.04% of the company's stock.

American Vanguard Trading Down 1.9 %

American Vanguard stock traded down $0.08 during mid-day trading on Wednesday, hitting $4.22. The stock had a trading volume of 116,153 shares, compared to its average volume of 279,798. The stock has a market capitalization of $121.49 million, a PE ratio of -4.10 and a beta of 1.03. American Vanguard Co. has a 12 month low of $3.28 and a 12 month high of $12.67. The company has a current ratio of 1.89, a quick ratio of 0.79 and a debt-to-equity ratio of 0.55. The stock has a 50-day simple moving average of $4.35 and a two-hundred day simple moving average of $5.04.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital set a $14.00 target price on shares of American Vanguard in a research report on Tuesday, January 21st.

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.