Vanguard Trims Stake in American Vanguard Corp to 6.9%

TL;DR

**Vanguard just cut its stake in American Vanguard Corp to 6.9%, watch for potential shifts in institutional sentiment.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in American Vanguard Corp. As of December 29, 2023, Vanguard beneficially owned 2,059,577 shares of American Vanguard Corp.'s Common Stock, representing 6.9% of the company. This filing indicates a slight decrease in Vanguard's stake from its previous disclosure, which could signal a shift in institutional investor sentiment towards the agricultural chemicals company.

Why It Matters

This filing shows that a major institutional investor, The Vanguard Group, has slightly reduced its ownership in American Vanguard Corp, which could be interpreted by other investors as a signal of changing confidence in the company's future prospects.

Risk Assessment

Risk Level: medium — A reduction in ownership by a large institutional investor like Vanguard could indicate a perceived increase in risk or a less favorable outlook for the company, potentially impacting stock price.

Analyst Insight

Investors should monitor future institutional filings for American Vanguard Corp to see if other major holders are also adjusting their positions, and research the company's recent performance and outlook to understand why Vanguard might have reduced its stake.

Key Numbers

• 2,059,577 — Shares Owned (The total number of Common Stock shares of American Vanguard Corp. beneficially owned by The Vanguard Group as of December 29, 2023.)
• 6.9% — Ownership Percentage (The percentage of American Vanguard Corp.'s Common Stock represented by The Vanguard Group's holdings, indicating a significant institutional stake.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this Schedule 13G/A amendment filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• American Vanguard Corp (company) — subject company, in the agriculture chemicals industry
• 2,059,577 (dollar_amount) — number of shares beneficially owned by Vanguard
• 6.9% (dollar_amount) — percentage of American Vanguard Corp.'s Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Other institutional investors may re-evaluate their positions in American Vanguard Corp following Vanguard's reduced stake. (American Vanguard Corp) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• tv0266-americanvanguardcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-020263.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: American Vanguard Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 4695 MacArthur Court, Suite 1250 Newport Beach, CA 92660

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 030371108

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR