Impax Asset Management Group plc Grows Stock Holdings in Dole PLC $DOLE

Impax Asset Management Group plc raised its holdings in shares of Dole PLC (NYSE:DOLE) by 9.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,675,545 shares of the company’s stock after purchasing an additional 148,896 shares during the period. Impax Asset Management Group plc owned 1.76% of Dole worth $22,519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Osaic Holdings Inc. grew its stake in shares of Dole by 120.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock valued at $26,000 after purchasing an additional 1,004 shares during the period. Waterfront Wealth Inc. boosted its holdings in shares of Dole by 1.3% in the second quarter. Waterfront Wealth Inc. now owns 95,034 shares of the company’s stock worth $1,330,000 after buying an additional 1,241 shares during the last quarter. Engineers Gate Manager LP grew its position in Dole by 1.0% during the second quarter. Engineers Gate Manager LP now owns 185,475 shares of the company’s stock valued at $2,595,000 after buying an additional 1,756 shares during the period. CWM LLC increased its holdings in Dole by 39.5% during the second quarter. CWM LLC now owns 6,234 shares of the company’s stock valued at $87,000 after buying an additional 1,765 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Dole by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,593 shares of the company’s stock valued at $644,000 after buying an additional 1,879 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DOLE shares. Weiss Ratings restated a “hold (c-)” rating on shares of Dole in a research note on Monday, December 29th. Wall Street Zen upgraded Dole from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.00.

Dole Price Performance

Shares of Dole stock opened at $15.75 on Wednesday. The stock has a 50 day moving average of $15.16 and a 200 day moving average of $14.23. Dole PLC has a 12 month low of $12.52 and a 12 month high of $16.57. The firm has a market cap of $1.50 billion, a PE ratio of 105.00, a PEG ratio of 1.94 and a beta of 0.64. The company has a current ratio of 1.21, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60.

Dole (NYSE:DOLE) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Dole had a return on equity of 7.98% and a net margin of 0.17%.The firm’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share. On average, research analysts expect that Dole PLC will post 1.19 EPS for the current fiscal year.

Dole declared that its board has approved a stock buyback plan on Monday, November 10th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 8.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Dole Profile

Dole plc is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s product range includes bananas, pineapples, berries, grapes, salads and a variety of other fresh and packaged produce, sold under the Dole brand and through private-label arrangements. Dole’s operations span the full fresh-produce value chain, from farming and sourcing to packing, ripening, cold‑chain logistics and wholesale and retail distribution, supporting both retail grocery and foodservice customers.

The company traces its commercial heritage to the early 20th century Hawaiian pineapple business founded by James Dole and has evolved through subsequent corporate restructurings and combinations.