Quantinno Capital Management Acquires 16,839 Shares in American Vanguard Co.

Quantinno Capital Management LP has recently disclosed the acquisition of 16,839 shares in American Vanguard Co. (NYSE:AVD – Free Report) during the third quarter of the year. This investment is valued at approximately $89,000, marking a new position for the firm in the basic materials sector. With this purchase, Quantinno Capital Management now holds about 0.06% of American Vanguard’s total shares according to their latest filing with the Securities and Exchange Commission (SEC).

In addition to Quantinno, several other hedge funds have adjusted their holdings in American Vanguard. For instance, Pullen Investment Management LLC increased its stake by 2.4% in the second quarter, bringing its total to 70,089 shares, valued at roughly $603,000 after buying an additional 1,628 shares. Empowered Funds LLC also grew its investment by 5.2% in the third quarter, now owning 64,915 shares worth about $344,000 after an additional purchase of 3,216 shares.

Another notable change was made by Point72 DIFC Ltd, which boosted its stake in American Vanguard by a striking 195.7% during the second quarter, resulting in ownership of 5,080 shares with a value of $44,000 after acquiring 3,362 shares. Similarly, Nisa Investment Advisors LLC significantly increased their position by 7,554.5% in the same quarter, holding now 4,210 shares valued at approximately $36,000 after buying an extra 4,155 shares. Furthermore, Quantbot Technologies LP raised its stake by 64.5% in the third quarter, amounting to 11,291 shares valued at $60,000.

Overall, institutional investors and hedge funds collectively own 79.04% of American Vanguard’s stock.

Analyst Insights

From the analytical perspective, StockNews.com has upgraded American Vanguard’s rating from “sell” to “hold” in a recent research report. Currently, one analyst rates the stock as a hold while four others have issued buy ratings. MarketBeat data suggests that the consensus rating for American Vanguard is “Moderate Buy,” with an average target price set at $16.67.

Current Stock Performance

The stock for American Vanguard (NYSE:AVD) opened at $4.59 recently. Over the past year, the company has experienced a 52-week low of $4.57 and a high of $14.28. The firm boasts a market capitalization of $132.14 million and displays a price-to-earnings ratio of -4.46, with a beta of 0.89. Financial metrics include a quick ratio of 0.79, a current ratio of 1.89, and a debt-to-equity ratio of 0.55. American Vanguard also recorded a 50-day moving average of $5.62 and a 200-day moving average of $6.71.

Insider Activity

In related developments, Director Steven D. Macicek recently acquired 12,000 shares of American Vanguard stock in a transaction dated November 15. He purchased these shares at an average price of $5.97 each, amounting to a total of $71,640. Following this purchase, Macicek’s ownership of the company increased significantly, now totaling 31,218 shares valued at around $186,371, which represents a 62.44% increase in his holdings. This insider transaction has been duly reported in a legal filing with the SEC.

About American Vanguard

American Vanguard Corporation, through its various subsidiaries, specializes in developing, manufacturing, and marketing a wide range of specialty chemicals for agricultural, commercial, and consumer applications, both domestically and internationally. Their product offerings include insecticides, fungicides, herbicides, soil health agents, plant nutrition solutions, molluscicides, growth regulators, soil fumigants, and biorationals, available in liquid, powder, and granular forms for usage in crops, turf, ornamental plants, and human and animal health protection.

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