DF Dent & Co. Inc. lifted its holdings in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 42.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,489 shares of the company’s stock after buying an additional 2,522 shares during the quarter. DF Dent & Co. Inc.’s holdings in Calavo Growers were worth $621,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Granahan Investment Management Inc. MA boosted its stake in Calavo Growers by 69.0% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 110,244 shares of the company’s stock worth $8,070,000 after acquiring an additional 45,010 shares during the last quarter. National Planning Corp boosted its stake in Calavo Growers by 26.0% during the 3rd quarter. National Planning Corp now owns 10,940 shares of the company’s stock worth $811,000 after acquiring an additional 2,256 shares during the last quarter. Welch & Forbes LLC boosted its stake in Calavo Growers by 204.3% during the 3rd quarter. Welch & Forbes LLC now owns 54,180 shares of the company’s stock worth $3,967,000 after acquiring an additional 36,375 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Calavo Growers by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 645,154 shares of the company’s stock worth $47,225,000 after acquiring an additional 12,002 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in Calavo Growers by 148.3% during the 3rd quarter. Brown Advisory Inc. now owns 7,373 shares of the company’s stock worth $539,000 after acquiring an additional 4,404 shares during the last quarter. Institutional investors own 92.22% of the company’s stock.

Calavo Growers, Inc. (CVGW) opened at $73.15 on Wednesday. Calavo Growers, Inc. has a one year low of $48.75 and a one year high of $77.89. The firm has a market cap of $1,260.64, a P/E ratio of 34.08 and a beta of 0.65.

The company also recently disclosed an annual dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were paid a dividend of $0.95 per share. This is a positive change from Calavo Growers’s previous annual dividend of $0.90. The ex-dividend date of this dividend was Thursday, November 16th. This represents a yield of 1.29%. Calavo Growers’s dividend payout ratio (DPR) is presently 45.89%.

In related news, insider James E. Snyder sold 750 shares of Calavo Growers stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $70.19, for a total transaction of $52,642.50. Following the transaction, the insider now owns 11,095 shares of the company’s stock, valued at approximately $778,758.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.90% of the stock is owned by company insiders.

Several research firms recently weighed in on CVGW. Buckingham Research reduced their price objective on shares of Calavo Growers from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Zacks Investment Research lowered shares of Calavo Growers from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, BidaskClub lowered shares of Calavo Growers from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Calavo Growers presently has an average rating of “Buy” and an average price target of $79.40.

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Calavo Growers 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).

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

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