Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its stake in Calavo Growers, Inc. (NASDAQ:CVGW) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,532 shares of the company’s stock after selling 1,123 shares during the period. New York State Teachers Retirement System’s holdings in Calavo Growers were worth $1,016,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CVGW. Advisor Group Holdings Inc. increased its position in Calavo Growers by 5.5% in the first quarter. Advisor Group Holdings Inc. now owns 7,365 shares of the company’s stock worth $270,000 after buying an additional 384 shares during the period. Raymond James & Associates increased its holdings in shares of Calavo Growers by 8.0% during the first quarter. Raymond James & Associates now owns 104,193 shares of the company’s stock valued at $3,798,000 after purchasing an additional 7,684 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Calavo Growers by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 171,057 shares of the company’s stock valued at $6,233,000 after purchasing an additional 2,839 shares during the period. Citigroup Inc. increased its holdings in shares of Calavo Growers by 13.1% during the first quarter. Citigroup Inc. now owns 15,151 shares of the company’s stock valued at $552,000 after purchasing an additional 1,759 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Calavo Growers by 168.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,492 shares of the company’s stock valued at $127,000 after purchasing an additional 2,190 shares during the period. 81.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an “equal weight” rating and set a $32.00 price target on shares of Calavo Growers in a report on Wednesday, January 17th.

Calavo Growers Price Performance

Shares of CVGW opened at $26.03 on Thursday. The firm has a market capitalization of $463.33 million, a price-to-earnings ratio of -39.44 and a beta of 0.65. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.70 and a current ratio of 2.03. Calavo Growers, Inc. has a one year low of $21.42 and a one year high of $38.97. The stock’s fifty day moving average is $27.72 and its 200-day moving average is $26.82.

Calavo Growers (NASDAQ:CVGW) last issued its quarterly earnings results on Monday, March 11th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.18). Calavo Growers had a negative net margin of 1.32% and a positive return on equity of 0.49%. The business had revenue of $127.60 million for the quarter, compared to analyst estimates of $254.25 million. During the same period last year, the business posted ($0.08) earnings per share. Calavo Growers’s revenue for the quarter was down 3.9% on a year-over-year basis. Equities analysts anticipate that Calavo Growers, Inc. will post 1.04 EPS for the current year.

Calavo Growers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Monday, April 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.40 annualized dividend and a yield of 1.54%. Calavo Growers’s dividend payout ratio is currently -60.61%.

Calavo Growers 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 worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.