D.A. Davidson & CO. lessened its stake in Calavo Growers, Inc. (NASDAQ:CVGW) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,520 shares of the company’s stock after selling 1,616 shares during the period. D.A. Davidson & CO. owned about 0.29% of Calavo Growers worth $3,771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its stake in shares of Calavo Growers by 5.5% in the 2nd quarter. Alliancebernstein L.P. now owns 21,200 shares of the company’s stock valued at $1,464,000 after acquiring an additional 1,100 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in Calavo Growers during the 2nd quarter valued at about $230,000. Great West Life Assurance Co. Can increased its holdings in Calavo Growers by 3.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 22,328 shares of the company’s stock valued at $1,540,000 after purchasing an additional 800 shares during the period. Renaissance Group LLC increased its holdings in Calavo Growers by 1.2% during the 2nd quarter. Renaissance Group LLC now owns 5,762 shares of the company’s stock valued at $398,000 after purchasing an additional 68 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Calavo Growers by 62.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,527 shares of the company’s stock valued at $244,000 after purchasing an additional 1,358 shares during the period. 88.22% of the stock is owned by institutional investors.

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A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Tuesday, August 22nd. Buckingham Research reduced their price target on Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a report 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 has an average rating of “Buy” and an average target price of $79.40.

In related news, insider James E. Snyder sold 750 shares of the company’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.90% of the company’s stock.

Shares of Calavo Growers, Inc. (CVGW) traded down $0.35 during trading hours on Thursday, reaching $74.50. The company had a trading volume of 49,800 shares, compared to its average volume of 160,692. Calavo Growers, Inc. has a 52 week low of $48.75 and a 52 week high of $76.85. The stock has a market cap of $1,312.36, a P/E ratio of 35.47 and a beta of 0.65.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings results on Wednesday, September 6th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $301.65 million for 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 quarter in the previous year, the business earned $0.73 EPS. research analysts predict that Calavo Growers, Inc. will post 2.05 EPS for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Calavo Growers’s previous annual dividend of $0.90. This represents a yield of 1.29%. Calavo Growers’s dividend payout ratio is 45.89%.

About Calavo Growers

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).

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

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