American Vanguard Co. (NYSE:AVD) Shares Sold by Cove Street Capital LLC

Cove Street Capital LLC decreased its position in shares of American Vanguard Co. (NYSE:AVD) by 21.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 829,293 shares of the basic materials company’s stock after selling 220,027 shares during the quarter. American Vanguard makes up approximately 4.5% of Cove Street Capital LLC’s portfolio, making the stock its 3rd largest holding. Cove Street Capital LLC’s holdings in American Vanguard were worth $3,837,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in American Vanguard by 20.2% during the third quarter. JPMorgan Chase & Co. now owns 298,898 shares of the basic materials company’s stock worth $1,584,000 after buying an additional 50,230 shares during the period. Barclays PLC grew its position in shares of American Vanguard by 59.3% during the third quarter. Barclays PLC now owns 73,112 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 27,229 shares during the last quarter. FMR LLC increased its holdings in shares of American Vanguard by 28.0% in the 3rd quarter. FMR LLC now owns 156,691 shares of the basic materials company’s stock valued at $830,000 after acquiring an additional 34,297 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new stake in American Vanguard in the 3rd quarter valued at $2,351,000. Finally, The Manufacturers Life Insurance Company boosted its stake in American Vanguard by 40.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 99,536 shares of the basic materials company’s stock worth $528,000 after purchasing an additional 28,613 shares during the period. Institutional investors and hedge funds own 79.04% of the company’s stock.

American Vanguard Trading Down 4.5 %

Shares of AVD stock opened at $4.42 on Friday. The company has a market capitalization of $127.24 million, a P/E ratio of -4.29 and a beta of 0.91. 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 business’s 50 day moving average is $5.20 and its two-hundred day moving average is $5.30. American Vanguard Co. has a twelve month low of $4.20 and a twelve month high of $13.13.

Wall Street Analysts Forecast Growth

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

American Vanguard Company 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.