Stephens started coverage on shares of Limoneira (NASDAQ:LMNR) in a research report released on Tuesday morning, The Fly reports. The brokerage issued an overweight rating on the stock.

A number of other equities research analysts also recently commented on LMNR. Buckingham Research increased their price objective on shares of Limoneira from $30.00 to $32.00 and gave the company a buy rating in a research report on Tuesday, September 11th. Lake Street Capital set a $31.00 target price on shares of Limoneira and gave the company a buy rating in a report on Tuesday, September 11th. ValuEngine cut shares of Limoneira from a buy rating to a hold rating in a report on Tuesday, October 2nd. BidaskClub cut shares of Limoneira from a strong-buy rating to a buy rating in a report on Thursday, November 8th. Finally, Roth Capital set a $28.00 target price on shares of Limoneira and gave the company a buy rating in a report on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $29.50.

Shares of NASDAQ:LMNR traded down $0.05 during trading hours on Tuesday, reaching $22.00. The stock had a trading volume of 26,097 shares, compared to its average volume of 91,826. Limoneira has a 1 year low of $18.07 and a 1 year high of $33.42. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 0.31. The company has a market cap of $388.02 million, a PE ratio of 52.38, a P/E/G ratio of 1.85 and a beta of 1.03.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, December 28th. This represents a $0.30 dividend on an annualized basis and a yield of 1.36%. This is a boost from Limoneira’s previous quarterly dividend of $0.06. Limoneira’s dividend payout ratio is currently 71.43%.

In related news, major shareholder Calavo Growers Inc sold 8,275 shares of the stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $23.84, for a total transaction of $197,276.00. Following the completion of the sale, the insider now owns 1,720,295 shares in the company, valued at approximately $41,011,832.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.50% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of LMNR. Atlas Capital Advisors LLC acquired a new stake in shares of Limoneira in the 3rd quarter worth $108,000. Bank of Montreal Can lifted its stake in shares of Limoneira by 6,740.2% in the 3rd quarter. Bank of Montreal Can now owns 5,951 shares of the company’s stock worth $155,000 after acquiring an additional 5,864 shares during the period. MetLife Investment Advisors LLC lifted its stake in shares of Limoneira by 56.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 9,690 shares of the company’s stock worth $253,000 after acquiring an additional 3,481 shares during the period. First Trust Advisors LP lifted its stake in shares of Limoneira by 18.0% in the 2nd quarter. First Trust Advisors LP now owns 13,671 shares of the company’s stock worth $336,000 after acquiring an additional 2,082 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Limoneira in the 3rd quarter worth $421,000. Hedge funds and other institutional investors own 50.29% of the company’s stock.

Limoneira Company Profile

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.

Featured Article: What is a put option?

The Fly

Analyst Recommendations for Limoneira (NASDAQ:LMNR)

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