Dimensional Fund Advisors LP Has $37,922,000 Stake in Calavo Growers, Inc. (CVGW)

Dimensional Fund Advisors LP increased its stake in Calavo Growers, Inc. (NASDAQ:CVGW) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 617,618 shares of the company’s stock after buying an additional 6,977 shares during the period. Dimensional Fund Advisors LP’s holdings in Calavo Growers were worth $37,922,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. DF Dent & Co. Inc. increased its position in Calavo Growers by 0.4% in the third quarter. DF Dent & Co. Inc. now owns 3,289 shares of the company’s stock valued at $215,000 after buying an additional 13 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Calavo Growers by 1.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,290 shares of the company’s stock valued at $215,000 after buying an additional 60 shares during the last quarter. Capital One National Association increased its position in Calavo Growers by 1.6% in the third quarter. Capital One National Association now owns 10,797 shares of the company’s stock valued at $706,000 after buying an additional 170 shares during the last quarter. BlackRock Investment Management LLC increased its position in Calavo Growers by 0.4% in the third quarter. BlackRock Investment Management LLC now owns 64,394 shares of the company’s stock valued at $4,213,000 after buying an additional 229 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Calavo Growers by 3.9% in the third quarter. Arizona State Retirement System now owns 7,963 shares of the company’s stock valued at $521,000 after buying an additional 300 shares during the last quarter. 67.96% of the stock is currently owned by institutional investors and hedge funds.

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

Calavo Growers, Inc. (NASDAQ:CVGW) opened at 59.55 on Tuesday. The stock has a 50 day moving average of $57.18 and a 200 day moving average of $60.23. Calavo Growers, Inc. has a 1-year low of $48.75 and a 1-year high of $71.48. The stock has a market cap of $1.04 billion, a P/E ratio of 28.22 and a beta of 0.54.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Tuesday, March 7th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.10. Calavo Growers had a net margin of 4.06% and a return on equity of 18.36%. The firm had revenue of $226.60 million for the quarter, compared to analysts’ expectations of $240.27 million. During the same period last year, the company posted $0.37 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts anticipate that Calavo Growers, Inc. will post $2.32 EPS for the current fiscal year.

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Several research firms have recently weighed in on CVGW. Zacks Investment Research upgraded shares of Calavo Growers from a “sell” rating to a “hold” rating in a research note on Thursday, March 9th. DA Davidson reiterated a “buy” rating and issued a $75.00 target price (up previously from $70.00) on shares of Calavo Growers in a research note on Friday, December 23rd. Finally, Lake Street Capital lifted their target price on shares of Calavo Growers from $71.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, December 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Calavo Growers presently has an average rating of “Buy” and an average price target of $72.60.

In other news, VP Michael A. Browne acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were bought at an average cost of $55.50 per share, with a total value of $111,000.00. Following the transaction, the vice president now owns 18,156 shares of the company’s stock, valued at approximately $1,007,658. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Lecil E. Cole acquired 95,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were purchased at an average cost of $56.42 per share, for a total transaction of $5,359,900.00. Following the completion of the transaction, the chairman now directly owns 473,181 shares in the company, valued at approximately $26,696,872.02. The disclosure for this purchase can be found here. Corporate insiders own 10.20% of the company’s stock.

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).

5 Day Chart for NASDAQ:CVGW

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