Bank of Montreal Can boosted its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 33.9% during the first quarter, Holdings Channel reports. The firm owned 2,957 shares of the company’s stock after buying an additional 748 shares during the period. Bank of Montreal Can’s holdings in Calavo Growers were worth $179,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. DF Dent & Co. Inc. raised its position in shares of Calavo Growers by 0.4% in the third quarter. DF Dent & Co. Inc. now owns 3,289 shares of the company’s stock worth $215,000 after buying an additional 13 shares during the last quarter. L & S Advisors Inc bought a new position in shares of Calavo Growers during the fourth quarter worth $230,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Calavo Growers by 5.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 6,200 shares of the company’s stock worth $381,000 after buying an additional 300 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Calavo Growers by 5.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,230 shares of the company’s stock worth $505,000 after buying an additional 440 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Calavo Growers during the fourth quarter worth $526,000. 67.96% of the stock is owned by institutional investors.
Calavo Growers, Inc. (NASDAQ CVGW) opened at 69.05 on Tuesday. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 32.73 and a beta of 0.54. Calavo Growers, Inc. has a 52 week low of $48.75 and a 52 week high of $71.48. The company has a 50-day moving average of $66.29 and a 200-day moving average of $60.45.
Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings data on Tuesday, March 7th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by $0.10. The business had revenue of $226.60 million for the quarter, compared to analyst estimates of $240.27 million. Calavo Growers had a net margin of 4.06% and a return on equity of 18.36%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. On average, equities analysts forecast that Calavo Growers, Inc. will post $2.37 earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Calavo Growers from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Calavo Growers currently has a consensus rating of “Buy” and an average price target of $72.60. In related news, Chairman Lecil E. Cole acquired 42,942 shares of the stock in a transaction on Tuesday, April 11th. The shares were acquired at an average price of $61.78 per share, with a total value of $2,652,956.76. Following the completion of the transaction, the chairman now owns 604,923 shares in the company, valued at approximately $37,372,142.94. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Lecil E. Cole acquired 95,000 shares of the stock in a transaction on Monday, March 13th. The stock was bought at an average cost of $56.42 per share, for a total transaction of $5,359,900.00. Following the transaction, the chairman now owns 473,181 shares of the company’s stock, valued at approximately $26,696,872.02. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 139,942 shares of company stock worth $8,123,857. 10.20% of the stock is owned by corporate insiders.
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