Central Garden & Pet (NASDAQ:CENTA) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in Central Garden & Pet (NASDAQ:CENTA) by 55.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,110 shares of the company’s stock after selling 1,401 shares during the period. Nisa Investment Advisors LLC’s holdings in Central Garden & Pet were worth $35,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. boosted its holdings in Central Garden & Pet by 2.6% during the third quarter. GHP Investment Advisors Inc. now owns 91,775 shares of the company’s stock worth $2,882,000 after buying an additional 2,352 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Central Garden & Pet by 39.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,650 shares of the company’s stock worth $397,000 after acquiring an additional 3,560 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Central Garden & Pet by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,100,751 shares of the company’s stock worth $65,964,000 after acquiring an additional 38,077 shares in the last quarter. CWM LLC grew its position in shares of Central Garden & Pet by 72.6% during the 3rd quarter. CWM LLC now owns 1,957 shares of the company’s stock valued at $61,000 after acquiring an additional 823 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Central Garden & Pet in the 3rd quarter valued at about $594,000. Institutional investors and hedge funds own 50.82% of the company’s stock.

Insiders Place Their Bets

In other news, Director Brooks Pennington III sold 1,486 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $32.80, for a total value of $48,740.80. Following the transaction, the director now directly owns 40,743 shares of the company’s stock, valued at approximately $1,336,370.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Central Garden & Pet news, Director John Ranelli sold 2,500 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $34.28, for a total transaction of $85,700.00. Following the transaction, the director now owns 822 shares of the company’s stock, valued at approximately $28,178.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brooks Pennington III sold 1,486 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $32.80, for a total value of $48,740.80. Following the completion of the sale, the director now directly owns 40,743 shares of the company’s stock, valued at $1,336,370.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,986 shares of company stock valued at $2,146,841 in the last 90 days. 20.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CENTA shares. StockNews.com downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their target price on Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Central Garden & Pet currently has an average rating of “Buy” and a consensus target price of $41.33.

Central Garden & Pet Price Performance

NASDAQ:CENTA opened at $31.75 on Friday. The stock has a 50 day moving average of $30.99 and a two-hundred day moving average of $33.61. Central Garden & Pet has a 12 month low of $27.70 and a 12 month high of $41.03. The firm has a market cap of $2.14 billion, a P/E ratio of 14.63 and a beta of 0.73. The company has a current ratio of 3.66, a quick ratio of 2.16 and a debt-to-equity ratio of 0.75.

Central Garden & Pet (NASDAQ:CENTA) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. The firm had revenue of $996.35 million during the quarter, compared to analysts’ expectations of $1.01 billion. Central Garden & Pet had a return on equity of 10.66% and a net margin of 4.42%. During the same period in the previous year, the business earned $1.40 earnings per share. On average, analysts expect that Central Garden & Pet will post 2.11 earnings per share for the current fiscal year.

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.