Mercer Global Advisors Inc. ADV Buys Shares of 5,171 Calavo Growers, Inc. (CVGW)

Mercer Global Advisors Inc. ADV bought a new position in Calavo Growers, Inc. (NASDAQ:CVGW) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,171 shares of the company’s stock, valued at approximately $377,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Calavo Growers by 26.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 969 shares of the company’s stock worth $71,000 after buying an additional 204 shares in the last quarter. We Are One Seven LLC acquired a new position in shares of Calavo Growers in the 4th quarter worth approximately $95,000. Advisors Asset Management Inc. raised its holdings in shares of Calavo Growers by 797.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,149 shares of the company’s stock worth $111,000 after buying an additional 1,021 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Calavo Growers by 1,071.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,640 shares of the company’s stock worth $120,000 after buying an additional 1,500 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Calavo Growers in the 4th quarter worth approximately $224,000. 88.80% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on CVGW. BidaskClub raised Calavo Growers from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research raised Calavo Growers from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Tuesday, April 9th. Vertical Group raised Calavo Growers from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a report on Thursday, April 4th. TheStreet raised Calavo Growers from a “c” rating to a “b-” rating in a report on Monday, March 11th. Finally, Stephens began coverage on Calavo Growers in a report on Tuesday, January 8th. They issued an “overweight” rating and a $88.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $95.40.

In related news, Director Michael Anthony Digregorio sold 1,750 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $84.02, for a total transaction of $147,035.00. Following the completion of the sale, the director now directly owns 11,750 shares of the company’s stock, valued at approximately $987,235. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael A. Browne sold 3,677 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $82.79, for a total value of $304,418.83. Following the sale, the vice president now directly owns 9,884 shares of the company’s stock, valued at $818,296.36. The disclosure for this sale can be found here. Insiders have sold a total of 33,437 shares of company stock valued at $2,806,922 over the last ninety days. Insiders own 7.30% of the company’s stock.

CVGW stock opened at $93.33 on Friday. Calavo Growers, Inc. has a fifty-two week low of $67.52 and a fifty-two week high of $108.00. The firm has a market cap of $1.64 billion, a P/E ratio of 34.70 and a beta of 0.94.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.24. Calavo Growers had a return on equity of 17.32% and a net margin of 2.70%. The firm had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $257.86 million. During the same period last year, the firm posted $0.54 EPS. The business’s revenue was up 4.0% on a year-over-year basis. Equities analysts anticipate that Calavo Growers, Inc. will post 3.17 earnings per share for the current fiscal year.

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About Calavo Growers

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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Institutional Ownership by Quarter for Calavo Growers (NASDAQ:CVGW)

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