O Brien Greene & Co. Inc Purchases Shares of 3,400 Calavo Growers, Inc. (NASDAQ:CVGW)

O Brien Greene & Co. Inc acquired a new position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,400 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors have also bought and sold shares of CVGW. Legal & General Group Plc raised its holdings in shares of Calavo Growers by 0.3% in the 4th quarter. Legal & General Group Plc now owns 37,095 shares of the company’s stock valued at $2,708,000 after purchasing an additional 127 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Calavo Growers by 26.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 969 shares of the company’s stock valued at $71,000 after acquiring an additional 204 shares during the period. LPL Financial LLC raised its holdings in Calavo Growers by 2.9% in the 4th quarter. LPL Financial LLC now owns 9,391 shares of the company’s stock valued at $685,000 after acquiring an additional 267 shares during the period. Eagle Asset Management Inc. raised its holdings in Calavo Growers by 0.6% in the 4th quarter. Eagle Asset Management Inc. now owns 50,401 shares of the company’s stock valued at $3,677,000 after acquiring an additional 297 shares during the period. Finally, Advisor Group Inc. raised its holdings in Calavo Growers by 5.5% in the 4th quarter. Advisor Group Inc. now owns 6,188 shares of the company’s stock valued at $452,000 after acquiring an additional 320 shares during the period. Institutional investors own 88.80% of the company’s stock.

Shares of CVGW traded down $0.31 during mid-day trading on Friday, hitting $93.33. 79,839 shares of the company’s stock were exchanged, compared to its average volume of 140,315. Calavo Growers, Inc. has a 52 week low of $67.52 and a 52 week high of $108.00. The stock has a market capitalization of $1.64 billion, a PE ratio of 37.48 and a beta of 0.94.

Calavo Growers (NASDAQ:CVGW) last announced its earnings results on Thursday, March 7th. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.24. Calavo Growers had a net margin of 2.70% and a return on equity of 17.32%. The company had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $257.86 million. During the same period last year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, sell-side analysts forecast that Calavo Growers, Inc. will post 3.17 EPS for the current year.

Several research analysts have weighed in on CVGW shares. Stephens started coverage on shares of Calavo Growers in a report on Tuesday, January 8th. They issued an “overweight” rating and a $88.00 price target on the stock. BidaskClub raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. TheStreet cut shares of Calavo Growers from a “b” rating to a “c” rating in a report on Thursday, January 3rd. 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 report on Thursday, April 4th. Finally, Zacks Investment Research raised shares of Calavo Growers from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $95.40.

In related news, insider James E. Gibson sold 5,770 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $82.20, for a total transaction of $474,294.00. Following the sale, the insider now owns 52,150 shares in the company, valued at approximately $4,286,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Anthony Digregorio sold 1,750 shares of the stock in a transaction that occurred 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 sale, the director now owns 11,750 shares in the company, valued at approximately $987,235. The disclosure for this sale can be found here. Insiders have sold 33,437 shares of company stock worth $2,806,922 over the last ninety days. Insiders own 7.30% of the company’s stock.

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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.

Further Reading: Net Asset Value

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

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