Calavo Growers, Inc. (NASDAQ:CVGW) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW - Free Report) by 21.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC boosted its position in shares of Calavo Growers by 215.5% in the third quarter. Jane Street Group LLC now owns 262,626 shares of the company's stock worth $7,493,000 after acquiring an additional 179,395 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Calavo Growers by 221.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,841 shares of the company's stock valued at $3,533,000 after purchasing an additional 85,272 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Calavo Growers in the 4th quarter valued at $1,371,000. Weiss Asset Management LP purchased a new stake in shares of Calavo Growers during the 3rd quarter valued at $1,378,000. Finally, XTX Topco Ltd acquired a new stake in shares of Calavo Growers during the 3rd quarter worth $1,007,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Calavo Growers Trading Down 1.1 %

CVGW traded down $0.28 during trading on Friday, hitting $24.22. 96,713 shares of the company's stock were exchanged, compared to its average volume of 206,626. Calavo Growers, Inc. has a 1 year low of $20.30 and a 1 year high of $30.58. The stock has a 50 day moving average price of $23.39 and a 200 day moving average price of $25.74. The firm has a market cap of $432.01 million, a P/E ratio of -403.67 and a beta of 0.57. The company has a current ratio of 2.17, a quick ratio of 1.70 and a debt-to-equity ratio of 0.02.

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

Calavo Growers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Tuesday, April 1st. Calavo Growers's dividend payout ratio (DPR) is presently 148.15%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. StockNews.com cut Calavo Growers from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Lake Street Capital reduced their price objective on Calavo Growers from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th.

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.