Calavo Growers, Inc. (CVGW) Shares Sold by Voya Investment Management LLC
Voya Investment Management LLC decreased its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 71.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,590 shares of the company’s stock after selling 19,466 shares during the period. Voya Investment Management LLC’s holdings in Calavo Growers were worth $524,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Calavo Growers by 2,685.6% in the 1st 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. Vanguard Group Inc. grew its holdings in shares of Calavo Growers by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 877,726 shares of the company’s stock valued at $60,607,000 after buying an additional 36,077 shares during the period. Stephens Investment Management Group LLC grew its holdings in shares of Calavo Growers by 4.6% in the 2nd quarter. Stephens Investment Management Group LLC now owns 782,453 shares of the company’s stock valued at $54,028,000 after buying an additional 34,752 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Calavo Growers by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 633,152 shares of the company’s stock valued at $43,719,000 after buying an additional 12,243 shares during the period. Finally, Riverbridge Partners LLC grew its holdings in shares of Calavo Growers by 59.9% in the 2nd 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. 87.25% of the stock is owned by institutional investors.
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In related news, insider James E. Snyder sold 750 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 9.90% of the stock is currently owned by corporate insiders.
Several brokerages have recently issued reports on CVGW. Zacks Investment Research raised shares of Calavo Growers from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Tuesday, August 22nd. Buckingham Research decreased their price target on shares of Calavo Growers from $83.00 to $82.00 and set a “buy” rating for the company in a report on Friday, August 18th. Finally, BidaskClub raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Calavo Growers currently has a consensus rating of “Buy” and a consensus price target of $79.40.
Calavo Growers, Inc. (NASDAQ CVGW) opened at $71.45 on Monday. The firm has a market cap of $1,252.75, a price-to-earnings ratio of 33.86 and a beta of 0.65. Calavo Growers, Inc. has a one year low of $48.75 and a one year high of $76.85.
Calavo Growers (NASDAQ:CVGW) last announced its earnings results on Wednesday, September 6th. The company reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. The firm had revenue of $301.65 million during the quarter, compared to analyst estimates of $278.66 million. Calavo Growers had a net margin of 3.46% and a return on equity of 16.07%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. equities research analysts predict that Calavo Growers, Inc. will post 2.05 EPS for the current year.
The business also recently announced an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.95 dividend. The ex-dividend date is Thursday, November 16th. This is a positive change from Calavo Growers’s previous annual dividend of $0.90. This represents a yield of 1.29%. Calavo Growers’s dividend 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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