American International Group Inc. grew its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 6.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 12,666 shares of the company’s stock after acquiring an additional 738 shares during the quarter. American International Group Inc. owned about 0.07% of Calavo Growers worth $927,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. William Blair Investment Management LLC raised its holdings in Calavo Growers by 89.8% during the 2nd quarter. William Blair Investment Management LLC now owns 101,594 shares of the company’s stock valued at $7,015,000 after buying an additional 48,076 shares during the period. Kennedy Capital Management Inc. raised its holdings in Calavo Growers by 110.3% during the 2nd quarter. Kennedy Capital Management Inc. now owns 82,073 shares of the company’s stock valued at $5,667,000 after buying an additional 43,053 shares during the period. Russell Investments Group Ltd. raised its holdings in Calavo Growers by 48.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 125,435 shares of the company’s stock valued at $9,182,000 after buying an additional 40,671 shares during the period. Vanguard Group Inc. raised its holdings in Calavo Growers by 4.3% during 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. Finally, Stephens Investment Management Group LLC raised its holdings in Calavo Growers by 4.6% during 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. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Several analysts recently weighed in on CVGW shares. Zacks Investment Research upgraded Calavo Growers from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. BidaskClub lowered Calavo Growers from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Stephens increased their price target on Calavo Growers from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Lake Street Capital restated a “buy” rating and set a $91.00 price target (up previously from $76.00) on shares of Calavo Growers in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $85.40.

Shares of Calavo Growers, Inc. (NASDAQ CVGW) opened at $79.25 on Thursday. Calavo Growers, Inc. has a 52 week low of $48.75 and a 52 week high of $83.00. The firm has a market capitalization of $1,357.07, a price-to-earnings ratio of 35.67 and a beta of 0.65.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Tuesday, December 19th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.09. Calavo Growers had a return on equity of 16.17% and a net margin of 3.47%. The business had revenue of $277.20 million for the quarter, compared to analyst estimates of $297.40 million. During the same quarter last year, the firm posted $0.53 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. analysts expect that Calavo Growers, Inc. will post 2.86 earnings per share for the current fiscal year.

The firm also recently announced an annual dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were paid a $0.95 dividend. This is a positive change from Calavo Growers’s previous annual dividend of $0.90. The ex-dividend date was Thursday, November 16th. This represents a yield of 1.29%. Calavo Growers’s dividend payout ratio (DPR) is presently 44.60%.

In other Calavo Growers news, insider James E. Snyder sold 750 shares of the stock in a transaction 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 sale, the insider now owns 11,095 shares in the company, valued at $778,758.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company 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).

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

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