Calavo Growers, Inc. (NASDAQ:CVGW) Position Increased by US Bancorp DE

US Bancorp DE raised its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 4.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 9,136 shares of the company’s stock after purchasing an additional 384 shares during the quarter. US Bancorp DE’s holdings in Calavo Growers were worth $219,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. New York State Teachers Retirement System acquired a new position in Calavo Growers in the 1st quarter worth approximately $36,000. CWM LLC boosted its stake in Calavo Growers by 5,960.5% in the 1st quarter. CWM LLC now owns 2,303 shares of the company’s stock worth $55,000 after purchasing an additional 2,265 shares during the period. Aquatic Capital Management LLC acquired a new position in Calavo Growers in the 4th quarter worth approximately $86,000. State of Wyoming acquired a new stake in shares of Calavo Growers during the 4th quarter valued at $99,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Calavo Growers by 139.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,393 shares of the company’s stock valued at $138,000 after buying an additional 3,141 shares during the period. 81.30% of the stock is currently owned by institutional investors.

Calavo Growers Trading Down 1.0%

Shares of NASDAQ:CVGW opened at $27.39 on Friday. The stock has a market capitalization of $488.64 million, a PE ratio of 47.22 and a beta of 0.42. Calavo Growers, Inc. has a 1 year low of $21.46 and a 1 year high of $30.02. The firm has a fifty day moving average price of $26.81 and a 200 day moving average price of $25.37. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.02.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings results on Monday, June 9th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Calavo Growers had a net margin of 1.50% and a return on equity of 11.79%. The firm had revenue of $190.55 million for the quarter, compared to the consensus estimate of $192.75 million. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts expect that Calavo Growers, Inc. will post 1.87 EPS for the current fiscal year.

Calavo Growers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 30th. Shareholders of record on Monday, June 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, June 30th. Calavo Growers’s dividend payout ratio is 137.93%.

Analyst Upgrades and Downgrades

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

Calavo Growers Company Profile

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.