Ameriprise Financial Inc. Purchases 8,999 Shares of Calavo Growers, Inc. (CVGW)

Ameriprise Financial Inc. grew its position in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 10.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,677 shares of the company’s stock after buying an additional 8,999 shares during the period. Ameriprise Financial Inc. owned approximately 0.55% of Calavo Growers worth $6,675,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Calavo Growers by 54.7% during the 1st quarter. Victory Capital Management Inc. now owns 2,077 shares of the company’s stock worth $126,000 after buying an additional 734 shares during the period. SG Americas Securities LLC bought a new position in Calavo Growers during the 2nd quarter worth $128,000. PNC Financial Services Group Inc. increased its position in Calavo Growers by 7.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,169 shares of the company’s stock worth $131,000 after buying an additional 142 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Calavo Growers during the 1st quarter worth $150,000. Finally, Peregrine Asset Advisers Inc. bought a new position in Calavo Growers during the 2nd quarter worth $207,000. Hedge funds and other institutional investors own 86.93% of the company’s stock.

Several research analysts have weighed in on CVGW shares. BidaskClub upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Tuesday, August 22nd. Finally, Buckingham Research decreased their price target on Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a research report on Friday, August 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $79.40.

ILLEGAL ACTIVITY WARNING: “Ameriprise Financial Inc. Purchases 8,999 Shares of Calavo Growers, Inc. (CVGW)” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/19/ameriprise-financial-inc-purchases-8999-shares-of-calavo-growers-inc-cvgw.html.

Calavo Growers, Inc. (NASDAQ CVGW) opened at 70.25 on Thursday. The company has a 50 day moving average price of $70.84 and a 200-day moving average price of $69.37. Calavo Growers, Inc. has a 12 month low of $48.75 and a 12 month high of $76.85. The company has a market cap of $1.23 billion, a PE ratio of 33.94 and a beta of 0.70.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Wednesday, September 6th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. Calavo Growers had a return on equity of 16.07% and a net margin of 3.46%. The company had revenue of $301.65 million for the quarter, compared to analyst estimates of $278.66 million. During the same period in the previous year, the company posted $0.73 EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities analysts predict that Calavo Growers, Inc. will post $2.06 earnings per share for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.95 per share. This represents a dividend yield of 1.29%. This is a positive change from Calavo Growers’s previous annual

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Calavo Growers by 54.7% during the 1st quarter. Victory Capital Management Inc. now owns 2,077 shares of the company’s stock worth $126,000 after buying an additional 734 shares during the period. SG Americas Securities LLC bought a new position in Calavo Growers during the 2nd quarter worth $128,000. PNC Financial Services Group Inc. increased its position in Calavo Growers by 7.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,169 shares of the company’s stock worth $131,000 after buying an additional 142 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Calavo Growers during the 1st quarter worth $150,000. Finally, Peregrine Asset Advisers Inc. bought a new position in Calavo Growers during the 2nd quarter worth $207,000. Hedge funds and other institutional investors own 86.93% of the company’s stock.

Several research analysts have weighed in on CVGW shares. BidaskClub upgraded Calavo Growers from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Calavo Growers from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Tuesday, August 22nd. Finally, Buckingham Research decreased their price target on Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a research report on Friday, August 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $79.40.

ILLEGAL ACTIVITY WARNING: “Ameriprise Financial Inc. Purchases 8,999 Shares of Calavo Growers, Inc. (CVGW)” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/19/ameriprise-financial-inc-purchases-8999-shares-of-calavo-growers-inc-cvgw.html.

Calavo Growers, Inc. (NASDAQ CVGW) opened at 70.25 on Thursday. The company has a 50 day moving average price of $70.84 and a 200-day moving average price of $69.37. Calavo Growers, Inc. has a 12 month low of $48.75 and a 12 month high of $76.85. The company has a market cap of $1.23 billion, a PE ratio of 33.94 and a beta of 0.70.

Calavo Growers (NASDAQ:CVGW) last released its quarterly earnings data on Wednesday, September 6th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. Calavo Growers had a return on equity of 16.07% and a net margin of 3.46%. The company had revenue of $301.65 million for the quarter, compared to analyst estimates of $278.66 million. During the same period in the previous year, the company posted $0.73 EPS. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities analysts predict that Calavo Growers, Inc. will post $2.06 earnings per share for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.95 per share. This represents a dividend yield of 1.29%. This is a positive change from Calavo Growers’s previous annual dividend of $0.90. The ex-dividend date is Thursday, November 16th. Calavo Growers’s payout ratio is presently 43.48%.

Calavo Growers Company Profile

Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

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

Receive News & Ratings for Calavo Growers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calavo Growers Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply