Calavo Growers, Inc. $CVGW Shares Bought by Comerica Bank

Comerica Bank raised its stake in Calavo Growers, Inc. (NASDAQ:CVGW) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,776 shares of the company’s stock after acquiring an additional 441 shares during the period. Comerica Bank owned 0.07% of Calavo Growers worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CVGW. Nuance Investments LLC boosted its stake in Calavo Growers by 6.4% in the first quarter. Nuance Investments LLC now owns 1,770,251 shares of the company’s stock valued at $42,468,000 after acquiring an additional 106,736 shares in the last quarter. Squarepoint Ops LLC boosted its stake in Calavo Growers by 363.0% in the fourth quarter. Squarepoint Ops LLC now owns 78,538 shares of the company’s stock valued at $2,003,000 after acquiring an additional 61,574 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Calavo Growers by 46.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 180,268 shares of the company’s stock valued at $4,597,000 after acquiring an additional 57,575 shares in the last quarter. Nuveen LLC acquired a new position in Calavo Growers in the first quarter valued at $1,189,000. Finally, Teacher Retirement System of Texas boosted its stake in Calavo Growers by 390.5% in the first quarter. Teacher Retirement System of Texas now owns 60,533 shares of the company’s stock valued at $1,452,000 after acquiring an additional 48,193 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Calavo Growers from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Calavo Growers currently has a consensus rating of “Buy” and an average price target of $35.00.

Calavo Growers Stock Performance

NASDAQ:CVGW opened at $27.54 on Wednesday. The firm’s fifty day moving average price is $27.03 and its 200 day moving average price is $25.90. Calavo Growers, Inc. has a 1-year low of $21.46 and a 1-year high of $30.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.00 and a quick ratio of 1.54. The firm has a market cap of $491.23 million, a price-to-earnings ratio of 47.48 and a beta of 0.39.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings results on Monday, September 8th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.03. The firm had revenue of $178.82 million during the quarter, compared to analysts’ expectations of $195.20 million. Calavo Growers had a net margin of 1.50% and a return on equity of 11.79%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. On average, sell-side analysts expect that Calavo Growers, Inc. will post 1.87 EPS for the current year.

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.