Gamco Investors INC. ET AL trimmed its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 17.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,249 shares of the company’s stock after selling 1,800 shares during the period. Gamco Investors INC. ET AL’s holdings in Calavo Growers were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of CVGW. BlackRock Inc. raised its position in Calavo Growers by 2,685.6% during the first quarter. BlackRock Inc. now owns 1,917,023 shares of the company’s stock valued at $116,172,000 after buying an additional 1,848,205 shares during the period. Riverbridge Partners LLC raised its position in Calavo Growers by 59.9% during the second quarter. Riverbridge Partners LLC now owns 559,857 shares of the company’s stock valued at $38,658,000 after buying an additional 209,708 shares during the period. Teachers Advisors LLC raised its position in Calavo Growers by 681.4% during the first quarter. Teachers Advisors LLC now owns 227,223 shares of the company’s stock valued at $13,770,000 after buying an additional 198,144 shares during the period. Rice Hall James & Associates LLC raised its position in Calavo Growers by 30.3% during the second quarter. Rice Hall James & Associates LLC now owns 292,301 shares of the company’s stock valued at $20,183,000 after buying an additional 67,984 shares during the period. Finally, Copeland Capital Management LLC increased its position in Calavo Growers by 23.9% in the 2nd quarter. Copeland Capital Management LLC now owns 268,364 shares of the company’s stock worth $18,531,000 after purchasing an additional 51,755 shares during the last quarter. 87.01% of the stock is currently owned by hedge funds and other institutional investors.
In other Calavo Growers news, insider James E. Snyder sold 750 shares of the company’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $70.19, for a total value of $52,642.50. Following the transaction, the insider now directly owns 11,095 shares of the company’s stock, valued at approximately $778,758.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.90% of the company’s stock.
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Calavo Growers, Inc. (CVGW) opened at $72.05 on Thursday. Calavo Growers, Inc. has a 52-week low of $48.75 and a 52-week high of $76.85. The firm has a market capitalization of $1,273.35, a PE ratio of 34.42 and a beta of 0.65.
Calavo Growers (NASDAQ:CVGW) last issued its earnings results on Wednesday, September 6th. The company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Calavo Growers had a return on equity of 16.07% and a net margin of 3.46%. The company had revenue of $301.65 million for the quarter, compared to analyst estimates of $278.66 million. During the same period in the prior year, the firm posted $0.73 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. equities research analysts predict that Calavo Growers, Inc. will post 2.05 EPS for the current year.
The company also recently announced an annual dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.95 dividend. This is a positive change from Calavo Growers’s previous annual dividend of $0.90. This represents a yield of 1.29%. The ex-dividend date is Thursday, November 16th. Calavo Growers’s dividend payout ratio is presently 43.48%.
Several research analysts have weighed in on CVGW shares. BidaskClub raised Calavo Growers from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Buckingham Research dropped their target price on Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a research report on Friday, August 18th. Finally, Zacks Investment Research lowered Calavo Growers from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Calavo Growers presently has an average rating of “Buy” and a consensus target price of $79.40.
Calavo Growers Profile
Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).
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