DekaBank Deutsche Girozentrale purchased a new stake in Central Garden & Pet (NASDAQ:CENT – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,347 shares of the company’s stock, valued at approximately $51,000.
A number of other institutional investors also recently modified their holdings of CENT. American Century Companies Inc. grew its position in Central Garden & Pet by 24.5% in the second quarter. American Century Companies Inc. now owns 162,647 shares of the company’s stock valued at $6,262,000 after acquiring an additional 32,009 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Central Garden & Pet during the 2nd quarter valued at approximately $295,000. Versor Investments LP acquired a new position in Central Garden & Pet during the 2nd quarter worth approximately $270,000. Allspring Global Investments Holdings LLC lifted its stake in Central Garden & Pet by 6.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 885,333 shares of the company’s stock valued at $34,085,000 after purchasing an additional 51,454 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Central Garden & Pet by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 86,877 shares of the company’s stock valued at $3,345,000 after buying an additional 1,873 shares in the last quarter. Institutional investors and hedge funds own 16.13% of the company’s stock.
Central Garden & Pet Stock Performance
NASDAQ CENT opened at $38.09 on Friday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 17.08 and a beta of 0.75. Central Garden & Pet has a twelve month low of $30.75 and a twelve month high of $47.48. The stock has a fifty day simple moving average of $38.89 and a 200 day simple moving average of $40.57. The company has a quick ratio of 2.16, a current ratio of 3.66 and a debt-to-equity ratio of 0.75.
Analysts Set New Price Targets
CENT has been the subject of several research analyst reports. Canaccord Genuity Group upgraded shares of Central Garden & Pet to a “strong-buy” rating in a report on Monday, July 1st. Canaccord Genuity Group dropped their target price on Central Garden & Pet from $52.00 to $49.00 and set a “buy” rating for the company in a research report on Monday, July 1st. Finally, Argus upgraded Central Garden & Pet from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, May 28th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $52.75.
Read Our Latest Report on Central Garden & Pet
Insider Transactions at Central Garden & Pet
In other news, Director Brooks Pennington III sold 1,486 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $32.80, for a total transaction of $48,740.80. Following the completion of the sale, the director now directly owns 40,743 shares in the company, valued at $1,336,370.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Central Garden & Pet news, Chairman William E. Brown sold 60,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $33.54, for a total transaction of $2,012,400.00. Following the transaction, the chairman now directly owns 1,125,773 shares in the company, valued at approximately $37,758,426.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brooks Pennington III sold 1,486 shares of Central Garden & Pet stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $32.80, for a total transaction of $48,740.80. Following the completion of the sale, the director now owns 40,743 shares of the company’s stock, valued at approximately $1,336,370.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,986 shares of company stock worth $2,146,841. Company insiders own 9.53% of the company’s stock.
Central Garden & Pet Company Profile
Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments: Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.
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