Great West Life Assurance Can boosted its position in shares of Central Garden & Pets (NASDAQ:CENTA – Get Rating) by 14.5% in the third quarter, according to its latest disclosure to the Securities and Exchange Commission. The company owned his 45,938 shares of the company’s stock after purchasing an additional 5,813 shares during the quarter. Great West Life Assurance Co. owned his 0.08% of Central Garden & Pet, valued at $1,569,000, as of the recent Securities and Exchange Commission filing.
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Several other institutional investors and hedge funds have also recently bought and sold shares in CENTA. Nisa Investment Advisors LLC bought his new position in Central Garden & Pet for $27,000 in the second quarter. Wipfli Financial Advisors LLC bought a new stake in Central Garden & Pet for his $31,000 in the third quarter. Point72 Hong Kong Ltd purchased a new stake in Central Garden & Pet for $42,000 in the second quarter. Money Concepts Capital Corp purchased a new stake in Central Garden & Pet for $135,000 in the third quarter. Finally, Captrust Financial Advisors increased its stock position in Central Garden & Pet by 19.0% in the first quarter. Captrust Financial Advisors now owns 4,545 shares of the company, valued at $185,000, after purchasing an additional 725 shares last quarter. 69.21% of the shares are owned by hedge funds and other institutional investors.
Central Garden & Pet Insider Trading
In other news, insider John D. Walker III sold 3,400 shares of the company’s stock in a transaction on Thursday, December 1st. The shares sold for an average of $38.73 and the total trading value he had was $131,682.00. After the sale, the insider now owns his 88,272 shares in the company, worth his $3,418,774.56. The sale is disclosed in legal documents to the Securities and Exchange Commission, available at this hyperlink. The insider owns his 20.28% of the company’s shares.
Analyst upgrades and downgrades
CENTA has been the subject of several research analyst reports. StockNews.com downgraded Central Garden & Pet from ‘Buy’ to ‘Hold’ in a research report on Wednesday, October 19th. JPMorgan Chase & Co. lowered its price target for Central Garden & Pet from $40.00 to $39.00 in a report on Friday, January 13, giving the company an “overweight” rating. TheStreet downgraded Central Garden & Pet from a ‘b’ rating to a ‘c+’ rating in its report on Monday, November 21st. Finally, KeyCorp lowered its price target for Central Garden & Pet from $52.00 to $48.00, giving the company an “Overweight” rating in its Tuesday, November 22nd report. One equity research analyst rated the stock with a hold rating and four gave the stock a buy rating. According to MarketBeat.com data, Central Garden & Pet’s consensus rating is currently a “moderate buy” with a consensus target price of $49.25.
Central Garden & Pet Stock Performance
Shares of Central Gardens & Pets opened Monday at $38.92. The company has a market capitalization of $2.11 billion, a PE ratio of 14.00 and a beta of 0.65. The company has a debt to equity ratio of 0.89, a quick ratio of 1.32 and a current ratio of 3.34. The company has a 50-day simple moving average of $37.26 and a 200-day simple moving average of $38.10. Central Garden & Pet has a one-year low of $33.69 and a one-year high of $44.72.
Central Garden & Pet (NASDAQ:CENTA – Get Rating) last reported its results on Monday, November 21st. The company reported EPS for the quarter ($0.04), missing analyst consensus expectations of $0.03 ($0.07). The company’s revenue for the quarter was $707.44 million, compared to consensus expectations of $724.45 million. Central Garden & Pet’s return on equity was 11.68% and net profit margin was 4.56%. A research analyst expects Central Garden & Pet’s EPS to hit 2.63 this year.
Central Garden & Pet Profile
Central Garden & Pet Co is engaged in the manufacture and sale of branded and private label products for the lawn, garden and pet markets. It operates through the following segments: Pets and Gardens. The Pets segment includes pet birds, including dog treats and chews, toys, pet beds and grooming products, waste management and training pads, pet containment, aquatic life, small animals, reptiles, toys, cages and habitats. Includes dog and cat supplies such as; Bedding, Food and Supplements, Equine and Livestock Products, Animal and Household Health and Insect Repellent Products, Live Fish and Small Animals, Outdoor Cushions.
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