Calavo Growers, Inc. (NASDAQ:CVGW) Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Calavo Growers, Inc. (NASDAQ:CVGW) by 12.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 27,683 shares of the company’s stock after buying an additional 3,141 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Calavo Growers were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVGW. American Century Companies Inc. grew its position in Calavo Growers by 26.8% in the 4th quarter. American Century Companies Inc. now owns 445,817 shares of the company’s stock worth $11,368,000 after purchasing an additional 94,221 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Calavo Growers by 104.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 150,960 shares of the company’s stock worth $3,849,000 after purchasing an additional 77,220 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Calavo Growers by 363.0% in the fourth quarter. Squarepoint Ops LLC now owns 78,538 shares of the company’s stock valued at $2,003,000 after acquiring an additional 61,574 shares in the last quarter. Penn Capital Management Company LLC boosted its holdings in shares of Calavo Growers by 54.0% in the fourth quarter. Penn Capital Management Company LLC now owns 168,344 shares of the company’s stock valued at $4,293,000 after acquiring an additional 58,995 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Calavo Growers by 46.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 180,268 shares of the company’s stock valued at $4,597,000 after acquiring an additional 57,575 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Calavo Growers from a “buy” rating to a “hold” rating in a report on Thursday, May 15th.

Insider Buying and Selling

In other Calavo Growers news, EVP Michael A. Browne bought 6,000 shares of Calavo Growers stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of $23.69 per share, for a total transaction of $142,140.00. Following the completion of the acquisition, the executive vice president now owns 7,500 shares of the company’s stock, valued at approximately $177,675. This represents a 400.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James E. Snyder bought 3,213 shares of Calavo Growers stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average price of $23.33 per share, with a total value of $74,959.29. Following the completion of the acquisition, the chief financial officer now directly owns 5,157 shares of the company’s stock, valued at $120,312.81. This represents a 165.28% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 73,438 shares of company stock worth $1,771,303. Corporate insiders own 7.20% of the company’s stock.

Calavo Growers Trading Up 1.7%

Calavo Growers stock opened at $23.58 on Thursday. The firm has a 50 day simple moving average of $25.94 and a 200-day simple moving average of $24.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.17 and a quick ratio of 1.70. The stock has a market capitalization of $420.60 million, a PE ratio of -393.00 and a beta of 0.41. Calavo Growers, Inc. has a 12-month low of $20.30 and a 12-month high of $30.02.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings data on Monday, June 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). The company had revenue of $190.55 million during the quarter, compared to the consensus estimate of $192.75 million. Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share. As a group, equities research analysts expect that Calavo Growers, Inc. will post 1.87 EPS for the current fiscal year.

Calavo Growers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Monday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Monday, June 30th. Calavo Growers’s payout ratio is 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.