Limoneira (NASDAQ:LMNR) major shareholder Calavo Growers Inc sold 8,275 shares of Limoneira stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $23.84, for a total value of $197,276.00. Following the sale, the insider now directly owns 1,720,295 shares in the company, valued at approximately $41,011,832.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of LMNR traded down $0.58 during mid-day trading on Thursday, reaching $22.32. 8,242 shares of the company’s stock traded hands, compared to its average volume of 53,308. The stock has a market cap of $404.63 million, a PE ratio of 53.14, a price-to-earnings-growth ratio of 1.65 and a beta of 0.85. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 0.31. Limoneira has a 12 month low of $19.62 and a 12 month high of $33.42.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings data on Monday, September 10th. The company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.05). Limoneira had a net margin of 15.91% and a return on equity of 6.46%. The company had revenue of $39.95 million for the quarter, compared to analyst estimates of $37.68 million. As a group, analysts forecast that Limoneira will post 0.66 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlas Capital Advisors LLC acquired a new position in shares of Limoneira during the third quarter valued at approximately $108,000. Bank of Montreal Can increased its stake in shares of Limoneira by 6,740.2% during the third quarter. Bank of Montreal Can now owns 5,951 shares of the company’s stock valued at $155,000 after acquiring an additional 5,864 shares during the period. MetLife Investment Advisors LLC increased its stake in shares of Limoneira by 56.1% during the third quarter. MetLife Investment Advisors LLC now owns 9,690 shares of the company’s stock valued at $253,000 after acquiring an additional 3,481 shares during the period. Trexquant Investment LP acquired a new position in shares of Limoneira during the second quarter valued at approximately $285,000. Finally, Royal Bank of Canada increased its stake in shares of Limoneira by 62.0% during the first quarter. Royal Bank of Canada now owns 13,333 shares of the company’s stock valued at $316,000 after acquiring an additional 5,103 shares during the period. Institutional investors and hedge funds own 50.29% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Buckingham Research lifted their price target on Limoneira from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Zacks Investment Research raised Limoneira from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Lake Street Capital set a $31.00 price target on Limoneira and gave the company a “buy” rating in a report on Tuesday, September 11th. ValuEngine raised Limoneira from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Finally, BidaskClub cut Limoneira from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Limoneira currently has an average rating of “Buy” and a consensus price target of $29.50.

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About Limoneira

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.

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