Texas Permanent School Fund lowered its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,666 shares of the company’s stock after selling 853 shares during the period. Texas Permanent School Fund owned about 0.06% of Calavo Growers worth $900,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Calavo Growers by 4.3% during the second 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. Dimensional Fund Advisors LP increased its stake in shares of Calavo Growers by 1.9% during 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 period. State Street Corp increased its stake in shares of Calavo Growers by 5.1% during the second quarter. State Street Corp now owns 383,219 shares of the company’s stock valued at $26,462,000 after buying an additional 18,591 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Calavo Growers by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 383,180 shares of the company’s stock valued at $28,048,000 after buying an additional 2,511 shares during the period. Finally, Copeland Capital Management LLC increased its stake in shares of Calavo Growers by 1.8% during the third quarter. Copeland Capital Management LLC now owns 273,063 shares of the company’s stock valued at $19,988,000 after buying an additional 4,699 shares during the period. Hedge funds and other institutional investors own 92.54% of the company’s stock.
In other Calavo Growers news, insider James E. Gibson sold 10,000 shares of Calavo Growers stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $79.14, for a total value of $791,400.00. Following the transaction, the insider now owns 61,991 shares in the company, valued at $4,905,967.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marc Laurence Brown sold 1,000 shares of Calavo Growers stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $85.05, for a total value of $85,050.00. Following the completion of the transaction, the director now owns 9,600 shares in the company, valued at approximately $816,480. The disclosure for this sale can be found here. 9.90% of the stock is owned by insiders.
Calavo Growers (NASDAQ:CVGW) last posted its earnings results on Tuesday, December 19th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.09. Calavo Growers had a return on equity of 16.01% and a net margin of 3.47%. The company had revenue of $277.20 million for the quarter, compared to analyst estimates of $297.40 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. analysts forecast that Calavo Growers, Inc. will post 2.86 earnings per share for the current fiscal year.
Several equities analysts have recently commented on CVGW shares. BidaskClub lowered Calavo Growers from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. 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 research note on Wednesday, December 20th. Stephens raised their price target on Calavo Growers from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Calavo Growers currently has an average rating of “Buy” and a consensus price target of $88.00.
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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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