Calavo Growers, Inc. $CVGW Stock Position Raised by Deprince Race & Zollo Inc.

Key Points

• Deprince Race & Zollo Inc. raised its stake in Calavo Growers by 11.1% to 410,469 shares (2.30% ownership, ~$8.93M), and other institutions including Goldman Sachs and Arrowstreet also materially increased positions, leaving institutional ownership at 81.3%.
• Calavo reported quarterly EPS of $0.27, beating estimates by $0.05 while revenue missed at $122.2M versus $138.45M expected; the stock trades near $27.46 with a market cap of $490.7M and a P/E of 30.85.
• The company declared a quarterly dividend of $0.20 (annualized $0.80, ~2.9% yield, DPR ~89.9%), and analysts hold a consensus "Hold" rating with an average price target of $33.50.

Deprince Race & Zollo Inc. lifted its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 410,469 shares of the company's stock after acquiring an additional 41,094 shares during the quarter. Deprince Race & Zollo Inc. owned 2.30% of Calavo Growers worth $8,928,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CVGW. AQR Capital Management LLC bought a new stake in shares of Calavo Growers during the 1st quarter worth $2,520,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Calavo Growers by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,985 shares of the company's stock worth $240,000 after buying an additional 390 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Calavo Growers by 91.6% in the first quarter. Goldman Sachs Group Inc. now owns 275,452 shares of the company's stock worth $6,608,000 after buying an additional 131,674 shares during the period. Jane Street Group LLC boosted its position in shares of Calavo Growers by 49.7% in the first quarter. Jane Street Group LLC now owns 50,858 shares of the company's stock worth $1,220,000 after buying an additional 16,891 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Calavo Growers by 588.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 236,579 shares of the company's stock worth $6,291,000 after buying an additional 202,221 shares during the period. 81.30% of the stock is owned by institutional investors.

Calavo Growers Stock Performance

Shares of Calavo Growers stock opened at $27.46 on Tuesday. The stock has a market cap of $490.71 million, a PE ratio of 30.85 and a beta of 0.38. The business has a fifty day simple moving average of $25.93 and a 200-day simple moving average of $23.85. The company has a quick ratio of 1.66, a current ratio of 2.21 and a debt-to-equity ratio of 0.02. Calavo Growers, Inc. has a 12 month low of $18.40 and a 12 month high of $28.72.

Calavo Growers (NASDAQ:CVGW - Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. Calavo Growers had a return on equity of 12.81% and a net margin of 2.61%.The business had revenue of $122.20 million during the quarter, compared to analyst estimates of $138.45 million. On average, sell-side analysts anticipate that Calavo Growers, Inc. will post 1.87 EPS for the current fiscal year.

Calavo Growers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Friday, April 24th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, April 24th. Calavo Growers's dividend payout ratio (DPR) is currently 89.89%.

Analysts Set New Price Targets

Several analysts have recently commented on CVGW shares. Weiss Ratings raised Calavo Growers from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, March 9th. Stephens decreased their target price on Calavo Growers from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Calavo Growers currently has a consensus rating of "Hold" and a consensus target price of $33.50.

Calavo Growers Company Profile

Calavo Growers, Inc NASDAQ: CVGW, founded in 1924 and headquartered in Santa Paula, California, is a global supplier and distributor of fresh avocados and perishable foods. The company partners with growers in key producing regions to source, ripen and package whole avocados for retail, wholesale and foodservice customers. Calavo's commitment to quality and food safety underpins its position as a trusted link between growers and end-markets.

The company operates two segments: Fresh and Calavo Foods.

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