Dynamic Technology Lab Private Ltd raised its stake in Calavo Growers, Inc. (NASDAQ:CVGW) by 35.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 18,282 shares of the company’s stock after buying an additional 4,761 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.10% of Calavo Growers worth $1,122,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of CVGW. SG Capital Management LLC boosted its stake in shares of Calavo Growers by 74.9% in the third quarter. SG Capital Management LLC now owns 275,007 shares of the company’s stock valued at $17,994,000 after buying an additional 117,768 shares during the period. BlackRock Fund Advisors boosted its position in shares of Calavo Growers by 10.2% in the third quarter. BlackRock Fund Advisors now owns 1,045,403 shares of the company’s stock valued at $68,401,000 after buying an additional 96,943 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in shares of Calavo Growers by 24.0% in the third quarter. Stephens Investment Management Group LLC now owns 308,030 shares of the company’s stock valued at $20,154,000 after buying an additional 59,710 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Calavo Growers by 13.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 430,000 shares of the company’s stock valued at $28,135,000 after buying an additional 50,000 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Calavo Growers by 10.2% in the fourth quarter. State Street Corp now owns 338,534 shares of the company’s stock valued at $20,786,000 after buying an additional 31,337 shares during the last quarter. Institutional investors and hedge funds own 67.96% of the company’s stock.
Shares of Calavo Growers, Inc. (NASDAQ:CVGW) traded up 1.85% during midday trading on Tuesday, hitting $57.85. 106,638 shares of the company traded hands. The stock has a 50 day moving average of $58.21 and a 200-day moving average of $61.24. The stock has a market capitalization of $1.01 billion, a PE ratio of 26.54 and a beta of 0.54. Calavo Growers, Inc. has a 52 week low of $46.56 and a 52 week high of $71.48.
Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings results on Tuesday, December 20th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. The firm had revenue of $247.70 million for the quarter, compared to the consensus estimate of $256.91 million. Calavo Growers had a net margin of 4.06% and a return on equity of 18.36%. The business’s revenue was up 19.1% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. Equities analysts forecast that Calavo Growers, Inc. will post $2.41 earnings per share for the current fiscal year.
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Several equities analysts have recently commented on the stock. DA Davidson restated a “buy” rating and issued a $75.00 target price (up from $70.00) on shares of Calavo Growers in a research report on Friday, December 23rd. Lake Street Capital boosted their target price on shares of Calavo Growers from $71.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, December 21st. Zacks Investment Research upgraded shares of Calavo Growers from a “hold” rating to a “strong-buy” rating and set a $72.00 target price for the company in a research report on Friday, December 23rd. Finally, Stephens upgraded shares of Calavo Growers from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 11th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $72.60.
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).
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