Central Garden & Pet (NASDAQ:CENTA) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in Central Garden & Pet (NASDAQ:CENTA) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 154,071 shares of the company’s stock after acquiring an additional 6,600 shares during the quarter. Nordea Investment Management AB’s holdings in Central Garden & Pet were worth $5,113,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Quarry LP lifted its holdings in shares of Central Garden & Pet by 503.2% during the second quarter. Quarry LP now owns 754 shares of the company’s stock worth $25,000 after purchasing an additional 629 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Central Garden & Pet during the second quarter worth about $26,000. Quest Partners LLC acquired a new stake in shares of Central Garden & Pet during the second quarter worth about $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Central Garden & Pet during the second quarter worth about $61,000. Finally, CWM LLC lifted its holdings in shares of Central Garden & Pet by 72.6% during the third quarter. CWM LLC now owns 1,957 shares of the company’s stock worth $61,000 after purchasing an additional 823 shares during the period. Institutional investors and hedge funds own 50.82% of the company’s stock.

Central Garden & Pet Trading Down 2.5 %

Shares of NASDAQ:CENTA opened at $29.86 on Friday. Central Garden & Pet has a 12-month low of $27.70 and a 12-month high of $41.03. The company has a market capitalization of $1.96 billion, a PE ratio of 18.45 and a beta of 0.76. The business has a 50 day moving average of $33.02 and a two-hundred day moving average of $32.55. The company has a current ratio of 3.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.76.

Analyst Ratings Changes

A number of equities research analysts recently commented on CENTA shares. JPMorgan Chase & Co. decreased their target price on Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Argus downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, StockNews.com downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.33.

Central Garden & Pet 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.