TD Asset Management Inc. purchased a new stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,600 shares of the company’s stock, valued at approximately $2,365,000. TD Asset Management Inc. owned approximately 0.14% of Calavo Growers as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Legal & General Group Plc increased its position in shares of Calavo Growers by 1.9% during the first quarter. Legal & General Group Plc now owns 29,398 shares of the company’s stock valued at $2,699,000 after acquiring an additional 548 shares in the last quarter. Swiss National Bank grew its position in Calavo Growers by 2.2% in the 1st quarter. Swiss National Bank now owns 27,500 shares of the company’s stock worth $2,536,000 after purchasing an additional 600 shares during the period. Copeland Capital Management LLC grew its position in Calavo Growers by 0.3% in the 1st quarter. Copeland Capital Management LLC now owns 269,755 shares of the company’s stock worth $24,871,000 after purchasing an additional 797 shares during the period. California Public Employees Retirement System grew its position in Calavo Growers by 3.3% in the 1st quarter. California Public Employees Retirement System now owns 36,235 shares of the company’s stock worth $3,341,000 after purchasing an additional 1,146 shares during the period. Finally, Rhumbline Advisers grew its position in Calavo Growers by 3.2% in the 1st quarter. Rhumbline Advisers now owns 37,409 shares of the company’s stock worth $3,449,000 after purchasing an additional 1,167 shares during the period. 87.83% of the stock is owned by institutional investors.

CVGW has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Calavo Growers from a “hold” rating to a “sell” rating in a research report on Friday, June 8th. Zacks Investment Research raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Buckingham Research lifted their target price on shares of Calavo Growers from $95.00 to $101.00 and gave the stock a “buy” rating in a research report on Tuesday, June 5th. Finally, Vertical Group downgraded shares of Calavo Growers from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $97.75.

In other news, Director Der Kar Scott Van sold 1,000 shares of Calavo Growers stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $100.00, for a total transaction of $100,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert J. Wedin sold 2,601 shares of Calavo Growers stock in a transaction on Friday, July 6th. The stock was sold at an average price of $98.37, for a total transaction of $255,860.37. Following the transaction, the vice president now owns 10,000 shares in the company, valued at approximately $983,700. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,844 shares of company stock valued at $2,389,564. 8.40% of the stock is currently owned by insiders.

NASDAQ:CVGW opened at $100.83 on Friday. Calavo Growers, Inc. has a 12 month low of $65.85 and a 12 month high of $102.80. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 47.34 and a beta of 0.56.

Calavo Growers (NASDAQ:CVGW) last posted its earnings results on Wednesday, June 6th. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Calavo Growers had a return on equity of 16.89% and a net margin of 3.70%. The company had revenue of $264.40 million during the quarter, compared to the consensus estimate of $301.20 million. During the same period last year, the firm posted $0.74 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. equities analysts expect that Calavo Growers, Inc. will post 2.97 earnings per share for the current year.

About Calavo Growers

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to grocery retailers, food services, club stores, mass merchandisers, food distributors, wholesalers, supermarkets, specialty/natural retailers, and convenience stores worldwide. It operates in three segments: Fresh Products, Calavo Foods, and RFG.

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

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