DF Dent & Co. Inc. Has $412,000 Stake in Calavo Growers, Inc. (CVGW)
DF Dent & Co. Inc. raised its stake in Calavo Growers, Inc. (NASDAQ:CVGW) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,967 shares of the company’s stock after purchasing an additional 224 shares during the quarter. DF Dent & Co. Inc.’s holdings in Calavo Growers were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Great West Life Assurance Co. Can raised its stake in shares of Calavo Growers by 3.7% in the second quarter. Great West Life Assurance Co. Can now owns 22,328 shares of the company’s stock worth $1,540,000 after purchasing an additional 800 shares during the last quarter. Renaissance Group LLC increased its position in shares of Calavo Growers by 1.2% during the second quarter. Renaissance Group LLC now owns 5,762 shares of the company’s stock valued at $398,000 after acquiring an additional 68 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Calavo Growers during the first quarter valued at approximately $6,983,000. Comerica Bank increased its position in shares of Calavo Growers by 22.3% during the second quarter. Comerica Bank now owns 20,794 shares of the company’s stock valued at $1,527,000 after acquiring an additional 3,795 shares during the last quarter. Finally, Chicago Equity Partners LLC increased its position in shares of Calavo Growers by 65.5% during the second quarter. Chicago Equity Partners LLC now owns 14,910 shares of the company’s stock valued at $1,030,000 after acquiring an additional 5,900 shares during the last quarter. 86.93% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on CVGW. BidaskClub raised Calavo Growers from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded Calavo Growers from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Buckingham Research decreased their price target 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $79.40.
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Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Calavo Growers had a net margin of 3.46% and a return on equity of 16.07%. The company had revenue of $301.65 million during the quarter, compared to analyst estimates of $278.66 million. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis.
The company also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued 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 of this dividend is Thursday, November 16th. Calavo Growers’s payout ratio is presently 43.48%.
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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