Impax Asset Management Group plc Increases Holdings in Dole PLC $DOLE

Impax Asset Management Group plc lifted its holdings in Dole PLC (NYSE:DOLE) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,675,545 shares of the company’s stock after acquiring an additional 148,896 shares during the period. Impax Asset Management Group plc’s holdings in Dole were worth $22,519,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its position in Dole by 120.8% during the second quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock valued at $26,000 after purchasing an additional 1,004 shares during the period. Westfuller Advisors LLC bought a new position in shares of Dole during the 3rd quarter valued at approximately $49,000. State of Alaska Department of Revenue purchased a new stake in Dole during the 3rd quarter valued at $50,000. NewEdge Advisors LLC lifted its position in Dole by 269.0% in the second quarter. NewEdge Advisors LLC now owns 3,716 shares of the company’s stock worth $52,000 after buying an additional 2,709 shares during the last quarter. Finally, CWM LLC boosted its stake in Dole by 39.5% during the second quarter. CWM LLC now owns 6,234 shares of the company’s stock worth $87,000 after buying an additional 1,765 shares during the period.

Dole Price Performance

DOLE opened at $15.75 on Wednesday. Dole PLC has a 12-month low of $12.52 and a 12-month high of $16.57. The company has a current ratio of 1.21, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $15.16 and its 200-day simple moving average is $14.23. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 105.00, a PEG ratio of 1.94 and a beta of 0.64.

Dole (NYSE:DOLE) last released its quarterly earnings data on Monday, November 10th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Dole had a return on equity of 7.98% and a net margin of 0.17%.The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the company earned $0.19 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts anticipate that Dole PLC will post 1.19 earnings per share for the current fiscal year.

Dole declared that its Board of Directors has approved a share repurchase program on Monday, November 10th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 8.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

DOLE has been the topic of several recent analyst reports. Wall Street Zen raised shares of Dole from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dole in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.00.

Dole Profile

Dole plc is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s product range includes bananas, pineapples, berries, grapes, salads and a variety of other fresh and packaged produce, sold under the Dole brand and through private-label arrangements. Dole’s operations span the full fresh-produce value chain, from farming and sourcing to packing, ripening, cold‑chain logistics and wholesale and retail distribution, supporting both retail grocery and foodservice customers.

The company traces its commercial heritage to the early 20th century Hawaiian pineapple business founded by James Dole and has evolved through subsequent corporate restructurings and combinations.