Insider Selling: Calavo Growers, Inc. (NASDAQ:CVGW) Chairman Sells 15,909 Shares of Stock

Calavo Growers, Inc. (NASDAQ:CVGW) Chairman Lecil E. Cole sold 15,909 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $94.50, for a total transaction of $1,503,400.50. Following the transaction, the chairman now owns 362,358 shares of the company’s stock, valued at approximately $34,242,831. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of CVGW opened at $90.93 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.94 and a current ratio of 1.39. Calavo Growers, Inc. has a twelve month low of $67.52 and a twelve month high of $108.00. The firm has a 50 day moving average of $94.50. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 36.52 and a beta of 1.04.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings results on Thursday, June 6th. The company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.15. Calavo Growers had a net margin of 2.84% and a return on equity of 17.76%. The firm had revenue of $286.00 million for the quarter, compared to analyst estimates of $281.37 million. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. As a group, research analysts forecast that Calavo Growers, Inc. will post 3.35 EPS for the current year.



A number of research analysts recently issued reports on CVGW shares. ValuEngine cut shares of Viewray from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Lake Street Capital lifted their price target on shares of Calavo Growers from $94.00 to $104.00 in a research note on Friday, June 7th. Vertical Group raised shares of Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Thursday, April 4th. BidaskClub raised shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Finally, Zacks Investment Research raised shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, June 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $96.80.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Calavo Growers by 2.2% in the fourth quarter. BlackRock Inc. now owns 2,435,811 shares of the company’s stock worth $177,716,000 after purchasing an additional 52,059 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Calavo Growers by 5.5% in the first quarter. Stephens Investment Management Group LLC now owns 684,592 shares of the company’s stock worth $57,403,000 after purchasing an additional 35,576 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Calavo Growers by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 667,196 shares of the company’s stock worth $48,679,000 after purchasing an additional 9,782 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Calavo Growers by 192.7% in the first quarter. Clearbridge Investments LLC now owns 535,428 shares of the company’s stock worth $44,896,000 after purchasing an additional 352,526 shares in the last quarter. Finally, Copeland Capital Management LLC lifted its position in shares of Calavo Growers by 21.5% in the second quarter. Copeland Capital Management LLC now owns 366,270 shares of the company’s stock worth $35,433,000 after purchasing an additional 64,820 shares in the last quarter. 87.60% of the stock is currently owned by hedge funds and other institutional investors.

Calavo Growers Company Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers. It operates in three segments: Fresh Products, Calavo Foods, and RFG. The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in California, Mexico, and Peru, as well as various other commodities, including tomatoes and papayas.

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Insider Buying and Selling by Quarter for Calavo Growers (NASDAQ:CVGW)

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