Xact Kapitalforvaltning AB Invests $224,000 in Calavo Growers, Inc. (CVGW) Stock

Xact Kapitalforvaltning AB bought a new stake in Calavo Growers, Inc. (NASDAQ:CVGW) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,658 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its position in Calavo Growers by 1.4% in the fourth quarter. BlackRock Inc. now owns 2,002,202 shares of the company’s stock valued at $168,987,000 after buying an additional 27,805 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Calavo Growers by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 645,154 shares of the company’s stock valued at $47,225,000 after buying an additional 12,002 shares during the last quarter. Cardinal Capital Management LLC CT boosted its position in Calavo Growers by 2.5% in the fourth quarter. Cardinal Capital Management LLC CT now owns 468,858 shares of the company’s stock valued at $39,572,000 after buying an additional 11,223 shares during the last quarter. Freshford Capital Management LLC boosted its position in Calavo Growers by 35.0% in the fourth quarter. Freshford Capital Management LLC now owns 326,703 shares of the company’s stock valued at $27,574,000 after buying an additional 84,746 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Calavo Growers by 17.6% in the fourth quarter. Allianz Asset Management GmbH now owns 280,107 shares of the company’s stock valued at $23,641,000 after buying an additional 41,997 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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In other Calavo Growers news, Director J Link Leavens sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $92.31, for a total value of $692,325.00. Following the completion of the transaction, the director now directly owns 92,528 shares of the company’s stock, valued at $8,541,259.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael A. Browne sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the transaction, the vice president now directly owns 13,117 shares of the company’s stock, valued at $1,208,731.55. The disclosure for this sale can be found here. Insiders own 8.40% of the company’s stock.

CVGW has been the topic of a number of recent research reports. ValuEngine upgraded Calavo Growers from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. BidaskClub upgraded Calavo Growers from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Buckingham Research reiterated a “buy” rating and issued a $95.00 target price (up previously from $88.00) on shares of Calavo Growers in a research report on Thursday, March 8th. Lake Street Capital set a $91.00 target price on Calavo Growers and gave the company a “buy” rating in a research report on Thursday, March 8th. Finally, Zacks Investment Research upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research report on Tuesday, February 27th. Six investment analysts have rated the stock with a buy rating, Calavo Growers has a consensus rating of “Buy” and an average target price of $96.25.

Shares of NASDAQ:CVGW opened at $97.25 on Tuesday. Calavo Growers, Inc. has a 12-month low of $63.80 and a 12-month high of $97.83. The company has a market capitalization of $1,680.66, a price-to-earnings ratio of 40.42 and a beta of 0.64.

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

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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.

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

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