The Oregon Public Employees Retirement Fund reduced its holdings of shares of Central Garden & Pet (NASDAQ: CENTA – Get a rating) by 2.6% in the 1st quarter, according to its latest communication to the SEC. The fund held 14,959 shares of the company after selling 400 shares during the period. The Oregon Public Employees Retirement Fund’s holdings in Central Garden & Pet were worth $610,000 when it last filed with the SEC.
Other major investors have also recently changed their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Central Garden & Pet during the fourth quarter, valued at approximately $73,756,000. Boston Trust Walden Corp bought a new stake in shares of Central Garden & Pet during the fourth quarter, valued at approximately $27,215,000. Westwood Holdings Group Inc. increased its position in shares of Central Garden & Pet by 20.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,467,752 shares of the company valued at $70,232,000 after acquiring an additional 249,979 shares last quarter. Logan Stone Capital LLC purchased a new stake in shares of Central Garden & Pet during the fourth quarter, valued at approximately $6,398,000. Finally, Champlain Investment Partners LLC increased its position in shares of Central Garden & Pet by 7.6% during the fourth quarter. Champlain Investment Partners LLC now owns 1,771,670 shares of the company valued at $84,774,000 after acquiring an additional 124,430 shares last quarter. 68.74% of the shares are currently held by hedge funds and other institutional investors.
Insiders place their bets
In other Central Garden & Pet news, Chief Financial Officer Nicholas Lahanas sold 7,306 shares of Central Garden & Pet in a trade that took place on Friday, May 13. The shares were sold at an average price of $41.78, for a total value of $305,244.68. Following the completion of the sale, the CFO now owns 113,520 shares of the company, valued at approximately $4,742,865.60. The transaction was disclosed in a legal filing with the SEC, available at the SEC website. 20.28% of the shares are currently held by insiders.
Central Garden & Pet Trading up 1.9%
NASDAQ: CENTA opened at $41.23 on Friday. The company has a current ratio of 2.85, a quick ratio of 1.29 and a debt ratio of 0.92. Central Garden & Pet has a 12 month minimum of $37.56 and a 12 month maximum of $52.04. The company has a market capitalization of $2.27 billion, a PE ratio of 15.05 and a beta of 0.57. The company has a 50-day simple moving average of $40.72 and a two-hundred-day simple moving average of $42.08.
Central garden and pet (NASDAQ: CENTA – Get a rating) last reported results on Wednesday, May 4. The company reported EPS of $1.27 for the quarter, beating analyst consensus estimates of $1.18 by $0.09. Central Garden & Pet had a net margin of 4.48% and a return on equity of 12.18%. The company posted revenue of $954.37 million in the quarter, versus a consensus estimate of $935.14 million. Research analysts expect Central Garden & Pet to post earnings per share of 2.77 for the current year.
Analyst upgrades and downgrades
CENTA has been the subject of several analyst reports. KeyCorp cut its price target on Central Garden & Pet shares from $62.00 to $56.00 and set an “overweight” rating for the company in a Thursday, June 23 research report. JPMorgan Chase & Co. raised its price target on shares of Central Garden & Pet from $47.00 to $49.00 in a Thursday, April 14 research report. To finish, StockNews.com launched a hedge on Central Garden & Pet shares in a research report on Thursday, March 31. They issued a “holding” rating for the company.
Central Garden & Pet Company Profile
Central Garden & Pet Company produces and distributes various products for the lawn and garden and pet supply markets in the United States. It operates through two segments, Pet and Garden. The Pets segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training mats, and pet containment devices; supplies for aquatic animals, small animals, reptiles and pet birds, including toys, cages and habitats, bedding, food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles and other aquarium pets, such as aquariums, furniture and fixtures, pumps, filters, water conditioners, foods and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.
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