Champlain Investment Partners LLC cut its stake in Central Garden & Pet (NASDAQ:CENTA – Get Rating) by 4.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,686,195 shares of the company's stock after selling 85,475 shares during the period. Champlain Investment Partners LLC's holdings in Central Garden & Pet were worth $68,763,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Westwood Holdings Group Inc. lifted its holdings in Central Garden & Pet by 20.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,467,752 shares of the company's stock worth $70,232,000 after buying an additional 249,979 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in shares of Central Garden & Pet by 7.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,268,275 shares of the company's stock valued at $60,218,000 after purchasing an additional 86,873 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Central Garden & Pet by 1.5% during the first quarter. Principal Financial Group Inc. now owns 972,886 shares of the company's stock valued at $39,675,000 after purchasing an additional 13,915 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Central Garden & Pet by 3,349.5% during the first quarter. Victory Capital Management Inc. now owns 866,660 shares of the company's stock valued at $35,360,000 after purchasing an additional 841,536 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Central Garden & Pet by 27.9% during the first quarter. JPMorgan Chase & Co. now owns 594,668 shares of the company's stock valued at $24,250,000 after purchasing an additional 129,812 shares during the last quarter. 70.70% of the stock is currently owned by hedge funds and other institutional investors.
Get Central Garden & Pet alerts:Analyst Ratings Changes
Several research firms have recently issued reports on CENTA. Truist Financial lowered their target price on shares of Central Garden & Pet from $65.00 to $60.00 and set a "buy" rating for the company in a report on Monday, August 8th. CJS Securities began coverage on shares of Central Garden & Pet in a report on Thursday, August 25th. They set an "outperform" rating and a $50.00 target price for the company. Finally, KeyCorp lowered their target price on shares of Central Garden & Pet from $56.00 to $52.00 and set an "overweight" rating for the company in a report on Thursday, August 4th.
Central Garden & Pet Stock Down 3.3 %
Central Garden & Pet stock opened at $36.29 on Friday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 13.15 and a beta of 0.55. The stock has a fifty day simple moving average of $40.69 and a two-hundred day simple moving average of $41.34. Central Garden & Pet has a 12 month low of $36.09 and a 12 month high of $52.04. The company has a current ratio of 3.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.88.Central Garden & Pet (NASDAQ:CENTA – Get Rating) last posted its earnings results on Wednesday, August 3rd. The company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.13. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $993.37 million. Central Garden & Pet had a return on equity of 11.86% and a net margin of 4.48%. Equities analysts predict that Central Garden & Pet will post 2.87 EPS for the current fiscal year.
Insiders Place Their Bets
In other Central Garden & Pet news, insider John D. Walker III sold 5,000 shares of Central Garden & Pet stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $40.56, for a total value of $202,800.00. Following the completion of the sale, the insider now owns 88,116 shares of the company's stock, valued at approximately $3,573,984.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP John Edward Hanson sold 6,466 shares of the firm's stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $42.65, for a total value of $275,774.90. Following the transaction, the senior vice president now directly owns 49,805 shares in the company, valued at approximately $2,124,183.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John D. Walker III sold 5,000 shares of the firm's stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $40.56, for a total value of $202,800.00. Following the completion of the transaction, the insider now owns 88,116 shares in the company, valued at $3,573,984.96. The disclosure for this sale can be found here. Corporate insiders own 20.28% of the company's stock.
About Central Garden & Pet
(Get Rating)
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 grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for horses and livestock, as well as outdoor cushions and pillows.
Read More
- Get a free copy of the StockNews.com research report on Central Garden & Pet (CENTA)
- Could Snap Stock Rebound As Management Restructures?
- MarketBeat: Week in Review 8/29 – 9/2
- Hormel Looks Cheap At These Levels
- Lululemon Set To Soar Into September
- Could Nike Stock be Oversold, but Still Overvalued?
Want to see what other hedge funds are holding CENTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Central Garden & Pet (NASDAQ:CENTA – Get Rating).
Receive News & Ratings for Central Garden & Pet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet and related companies with MarketBeat.com's FREE daily email newsletter.