State of Tennessee Treasury Department lifted its stake in shares of Central Garden & Pet (NASDAQ:CENT – Get Rating) by 17.9% during the 1st quarter, HoldingsChannel reports. The fund owned 3,708 shares of the company's stock after acquiring an additional 562 shares during the period. State of Tennessee Treasury Department's holdings in Central Garden & Pet were worth $163,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. Allianz Asset Management GmbH lifted its holdings in shares of Central Garden & Pet by 12.0% during the 4th quarter. Allianz Asset Management GmbH now owns 664,425 shares of the company's stock worth $34,969,000 after acquiring an additional 71,092 shares during the period. Orchard Capital Managment LLC lifted its holdings in shares of Central Garden & Pet by 1.9% during the 4th quarter. Orchard Capital Managment LLC now owns 145,993 shares of the company's stock worth $7,684,000 after acquiring an additional 2,700 shares during the period. Martin & Co. Inc. TN lifted its holdings in shares of Central Garden & Pet by 2.7% during the 1st quarter. Martin & Co. Inc. TN now owns 70,002 shares of the company's stock worth $3,077,000 after acquiring an additional 1,826 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Central Garden & Pet by 8.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 67,170 shares of the company's stock worth $2,953,000 after acquiring an additional 5,492 shares during the period. Finally, Rhumbline Advisers raised its holdings in Central Garden & Pet by 3.8% in the fourth quarter. Rhumbline Advisers now owns 27,531 shares of the company's stock valued at $1,449,000 after buying an additional 1,014 shares during the period. 18.08% of the stock is currently owned by hedge funds and other institutional investors.
Get Central Garden & Pet alerts:Insider Activity at Central Garden & Pet
In other news, insider John D. Walker III sold 5,000 shares of Central Garden & Pet stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $40.56, for a total transaction of $202,800.00. Following the sale, the insider now owns 88,116 shares in the company, valued at $3,573,984.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP John Edward Hanson sold 6,466 shares of Central Garden & Pet stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $42.65, for a total transaction of $275,774.90. Following the sale, the senior vice president now owns 49,805 shares in the company, valued at $2,124,183.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John D. Walker III sold 5,000 shares of Central Garden & Pet stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $40.56, for a total transaction of $202,800.00. Following the sale, the insider now owns 88,116 shares in the company, valued at approximately $3,573,984.96. The disclosure for this sale can be found here. 8.80% of the stock is currently owned by insiders.
Central Garden & Pet Trading Down 3.2 %
NASDAQ CENT opened at $38.50 on Tuesday. Central Garden & Pet has a one year low of $38.37 and a one year high of $57.32. The company's 50 day moving average price is $43.35 and its 200 day moving average price is $44.21. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.45 and a current ratio of 3.16. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 13.95 and a beta of 0.57.Wall Street Analysts Forecast Growth
Separately, CJS Securities initiated coverage on shares of Central Garden & Pet in a report on Thursday, August 25th. They issued a "market outperform" rating and a $50.00 price target on the stock.
About Central Garden & Pet
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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.
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Want to see what other hedge funds are holding CENT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Central Garden & Pet (NASDAQ:CENT – Get Rating).
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