Calavo Growers, Inc. (NASDAQ:CVGW) Holdings Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in Calavo Growers, Inc. (NASDAQ:CVGW) by 21.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,741 shares of the company’s stock after selling 57,036 shares during the period. Charles Schwab Investment Management Inc. owned about 1.15% of Calavo Growers worth $5,246,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. DRW Securities LLC purchased a new stake in shares of Calavo Growers during the 3rd quarter worth about $401,000. Quantbot Technologies LP acquired a new position in Calavo Growers in the third quarter worth approximately $357,000. BNP Paribas Financial Markets raised its position in Calavo Growers by 54.1% during the third quarter. BNP Paribas Financial Markets now owns 41,473 shares of the company’s stock valued at $1,183,000 after acquiring an additional 14,568 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Calavo Growers in the third quarter valued at approximately $746,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in Calavo Growers by 3,518.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 24,788 shares of the company’s stock worth $707,000 after acquiring an additional 24,103 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CVGW shares. Lake Street Capital decreased their price objective on shares of Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. StockNews.com cut shares of Calavo Growers from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

Calavo Growers Stock Performance

Shares of NASDAQ:CVGW opened at $23.43 on Wednesday. The stock has a market capitalization of $417.92 million, a price-to-earnings ratio of -390.50 and a beta of 0.57. The business’s fifty day moving average price is $23.37 and its two-hundred day moving average price is $25.76. Calavo Growers, Inc. has a fifty-two week low of $20.30 and a fifty-two week high of $30.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.17 and a quick ratio of 1.70.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Tuesday, January 14th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Calavo Growers had a positive return on equity of 9.66% and a negative net margin of 0.16%. The business had revenue of $169.96 million during the quarter, compared to analyst estimates of $161.99 million. During the same period in the prior year, the firm posted ($0.33) EPS. Calavo Growers’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, analysts predict that Calavo Growers, Inc. will post 1.87 EPS for the current fiscal year.

Calavo Growers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Tuesday, April 1st. Calavo Growers’s dividend payout ratio (DPR) is currently 148.15%.

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 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.