Rhumbline Advisers Has $3.06 Million Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Rhumbline Advisers boosted its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 17.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,242 shares of the company’s stock after purchasing an additional 5,361 shares during the period. Rhumbline Advisers owned about 0.21% of Calavo Growers worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System grew its position in Calavo Growers by 224.9% in the fourth quarter. Arizona State Retirement System now owns 26,521 shares of the company’s stock valued at $2,238,000 after purchasing an additional 18,358 shares in the last quarter. Eagle Asset Management Inc. grew its position in Calavo Growers by 2.8% in the fourth quarter. Eagle Asset Management Inc. now owns 44,284 shares of the company’s stock valued at $3,737,000 after purchasing an additional 1,217 shares in the last quarter. Pinebridge Investments L.P. grew its position in Calavo Growers by 258.9% in the fourth quarter. Pinebridge Investments L.P. now owns 7,031 shares of the company’s stock valued at $594,000 after purchasing an additional 5,072 shares in the last quarter. D.A. Davidson & CO. grew its position in Calavo Growers by 4.2% in the fourth quarter. D.A. Davidson & CO. now owns 53,661 shares of the company’s stock valued at $4,529,000 after purchasing an additional 2,141 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Calavo Growers by 8.5% in the fourth quarter. Wells Fargo & Company MN now owns 163,988 shares of the company’s stock valued at $13,840,000 after purchasing an additional 12,874 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

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In other news, VP Michael A. Browne sold 6,500 shares of the firm’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $92.15, for a total transaction of $598,975.00. Following the completion of the sale, the vice president now owns 13,117 shares in the company, valued at approximately $1,208,731.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director J Link Leavens sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of $92.31, for a total transaction of $692,325.00. Following the sale, the director now owns 92,528 shares of the company’s stock, valued at approximately $8,541,259.68. The disclosure for this sale can be found here. Company insiders own 8.40% of the company’s stock.

Shares of CVGW traded down $2.90 during midday trading on Friday, reaching $91.10. The stock had a trading volume of 225,234 shares, compared to its average volume of 178,886. Calavo Growers, Inc. has a one year low of $61.05 and a one year high of $97.83. The company has a market cap of $1,598.17, a PE ratio of 42.77 and a beta of 0.64.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings data on Wednesday, March 7th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The company had revenue of $247.90 million during the quarter, compared to the consensus estimate of $272.89 million. Calavo Growers had a net margin of 3.57% and a return on equity of 16.95%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. analysts expect that Calavo Growers, Inc. will post 3.17 earnings per share for the current year.

A number of research analysts recently weighed in on CVGW shares. BidaskClub raised shares of Calavo Growers from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 16th. Lake Street Capital reaffirmed a “buy” rating and issued a $91.00 target price (up previously from $76.00) on shares of Calavo Growers in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Calavo Growers from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research report on Tuesday, February 27th. Stephens lifted their price objective on shares of Calavo Growers from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 20th. Finally, Buckingham Research reissued a “buy” rating and issued a $95.00 price objective (up previously from $88.00) on shares of Calavo Growers in a research report on Thursday, March 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $96.25.

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Calavo Growers Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to grocery retailers, food services, club stores, mass merchandisers, food distributors, wholesalers, supermarkets, specialty/natural retailers, and convenience stores worldwide. It operates in three segments: Fresh Products, Calavo Foods, and RFG.

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

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