Charles Schwab Investment Management Inc. Has $5.25 Million Stock Holdings in Calavo Growers, Inc. (NASDAQ:CVGW)

Charles Schwab Investment Management Inc. decreased its stake in shares of Calavo Growers, Inc. (NASDAQ:CVGW) by 21.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 205,741 shares of the company’s stock after selling 57,036 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Calavo Growers were worth $5,246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CVGW. R Squared Ltd bought a new stake in Calavo Growers in the fourth quarter valued at approximately $26,000. Van ECK Associates Corp raised its stake in Calavo Growers by 69.1% in the 4th quarter. Van ECK Associates Corp now owns 2,542 shares of the company’s stock valued at $65,000 after acquiring an additional 1,039 shares during the period. Point72 DIFC Ltd lifted its holdings in Calavo Growers by 42.3% during the 3rd quarter. Point72 DIFC Ltd now owns 3,272 shares of the company’s stock valued at $93,000 after purchasing an additional 973 shares during the last quarter. Janus Henderson Group PLC bought a new position in Calavo Growers during the third quarter worth $219,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Calavo Growers in the fourth quarter valued at $247,000. Institutional investors own 81.30% of the company’s stock.

Analyst Upgrades and Downgrades

CVGW has been the subject of a number of research analyst reports. StockNews.com cut Calavo Growers from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Lake Street Capital reduced their price target on Calavo Growers from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th.

Calavo Growers Stock Performance

Calavo Growers stock opened at $23.43 on Wednesday. The company has a quick ratio of 1.70, a current ratio of 2.17 and a debt-to-equity ratio of 0.02. The stock has a market cap of $417.92 million, a PE ratio of -390.50 and a beta of 0.57. Calavo Growers, Inc. has a 12-month low of $20.30 and a 12-month high of $30.58. The business’s 50-day moving average price is $23.37 and its two-hundred day moving average price is $25.76.

Calavo Growers (NASDAQ:CVGW) last posted its earnings results on Tuesday, January 14th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25). Calavo Growers had a negative net margin of 0.16% and a positive return on equity of 9.66%. The firm had revenue of $169.96 million during the quarter, compared to the consensus estimate of $161.99 million. During the same quarter in the prior year, the business posted ($0.33) earnings per share. Calavo Growers’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, analysts expect that Calavo Growers, Inc. will post 1.87 earnings per share for the current fiscal year.

Calavo Growers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Tuesday, April 1st. Calavo Growers’s dividend payout ratio (DPR) is presently 148.15%.

About Calavo Growers

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.