Calavo Growers, Inc. (CVGW) Position Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 48.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,435 shares of the company’s stock after purchasing an additional 40,671 shares during the quarter. Russell Investments Group Ltd. owned 0.72% of Calavo Growers worth $9,182,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Acrospire Investment Management LLC increased its position in shares of Calavo Growers by 561.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,767 shares of the company’s stock worth $122,000 after purchasing an additional 1,500 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Calavo Growers during the 2nd quarter worth about $128,000. Pinebridge Investments L.P. increased its position in shares of Calavo Growers by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,031 shares of the company’s stock worth $140,000 after purchasing an additional 29 shares during the last quarter. Aviance Capital Management LLC acquired a new stake in shares of Calavo Growers during the 2nd quarter worth about $153,000. Finally, Victory Capital Management Inc. increased its position in shares of Calavo Growers by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,444 shares of the company’s stock worth $169,000 after purchasing an additional 367 shares during the last quarter. 92.22% of the stock is owned by hedge funds and other institutional investors.

Calavo Growers, Inc. (CVGW) opened at $74.00 on Thursday. The firm has a market capitalization of $1,290.00, a PE ratio of 36.56 and a beta of 0.65. Calavo Growers, Inc. has a 52-week low of $48.75 and a 52-week high of $77.89.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Wednesday, September 6th. The company reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $301.65 million during the quarter, compared to the consensus estimate of $278.66 million. Calavo Growers had a return on equity of 16.07% and a net margin of 3.46%. Calavo Growers’s revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. 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 an increase 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 payout ratio is currently 45.89%.

Several equities analysts have weighed in on CVGW shares. Zacks Investment Research raised Calavo Growers from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, August 22nd. Buckingham Research dropped their target price on Calavo Growers from $83.00 to $82.00 and set a “buy” rating for the company in a research report on Friday, August 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $79.40.

In other Calavo Growers news, insider James E. Snyder sold 750 shares of Calavo Growers 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 completion of the transaction, the insider now directly owns 11,095 shares of the company’s stock, valued at approximately $778,758.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 9.90% of the company’s stock.

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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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Institutional Ownership by Quarter for Calavo Growers (NASDAQ:CVGW)

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