Public Sector Pension investment Board cut its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 28.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,949 shares of the company’s stock after selling 3,200 shares during the quarter. Public Sector Pension investment Board’s holdings in Calavo Growers were worth $549,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CVGW. Acrospire Investment Management LLC lifted its holdings in shares of Calavo Growers by 561.8% during the second quarter. Acrospire Investment Management LLC now owns 1,767 shares of the company’s stock worth $122,000 after buying an additional 1,500 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Calavo Growers by 54.7% during the first quarter. Victory Capital Management Inc. now owns 2,077 shares of the company’s stock worth $126,000 after buying an additional 734 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Calavo Growers during the second quarter worth approximately $128,000. PNC Financial Services Group Inc. raised its stake in shares of Calavo Growers by 7.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,169 shares of the company’s stock valued at $131,000 after purchasing an additional 142 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its stake in shares of Calavo Growers by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 2,031 shares of the company’s stock valued at $140,000 after purchasing an additional 29 shares in the last quarter. Institutional investors own 86.93% of the company’s stock.

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Calavo Growers, Inc. (NASDAQ CVGW) opened at 73.25 on Monday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 35.39 and a beta of 0.69. The company has a 50 day moving average price of $70.55 and a 200-day moving average price of $68.61. Calavo Growers, Inc. has a 52 week low of $48.75 and a 52 week high of $76.85.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Wednesday, September 6th. The company reported $0.50 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The business had revenue of $301.65 million during the quarter, compared to analysts’ expectations of $278.66 million. Calavo Growers had a return on equity of 16.07% and a net margin of 3.46%. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. Equities analysts predict that Calavo Growers, Inc. will post $2.06 earnings per share for the current year.

The company also recently declared an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a dividend of $0.95 per share. This is a boost from Calavo Growers’s previous annual dividend of $0.90. This represents a yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 16th. Calavo Growers’s dividend payout ratio (DPR) is presently 43.48%.

A number of brokerages recently commented on CVGW. BidaskClub lowered Calavo Growers from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Buckingham Research cut their target price on Calavo Growers from $83.00 to $82.00 and set a “buy” rating for the company in a research note on Friday, August 18th. Finally, Zacks Investment Research lowered Calavo Growers from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $79.40.

Calavo Growers Company 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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