Cwm LLC Has $61,000 Position in Central Garden & Pet (NASDAQ:CENTA)

Cwm LLC boosted its holdings in Central Garden & Pet (NASDAQ:CENTA) by 72.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,957 shares of the company’s stock after acquiring an additional 823 shares during the quarter. Cwm LLC’s holdings in Central Garden & Pet were worth $61,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CENTA. Quarry LP lifted its holdings in Central Garden & Pet by 503.2% in the second quarter. Quarry LP now owns 754 shares of the company’s stock valued at $25,000 after buying an additional 629 shares during the period. Federated Hermes Inc. acquired a new position in Central Garden & Pet in the second quarter valued at approximately $26,000. Quest Partners LLC bought a new stake in Central Garden & Pet in the second quarter valued at approximately $37,000. Public Employees Retirement Association of Colorado increased its stake in Central Garden & Pet by 37.4% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,650 shares of the company’s stock valued at $61,000 after purchasing an additional 449 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Central Garden & Pet in the second quarter valued at approximately $61,000. 50.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Central Garden & Pet

In related news, Director Brooks Pennington III sold 1,486 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $32.80, for a total transaction of $48,740.80. Following the completion of the transaction, the director now owns 40,743 shares in the company, valued at approximately $1,336,370.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Brooks Pennington III sold 1,486 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $32.80, for a total transaction of $48,740.80. Following the completion of the transaction, the director now owns 40,743 shares in the company, valued at approximately $1,336,370.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Ranelli sold 2,500 shares of the 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 $28,178.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,986 shares of company stock valued at $2,146,841 over the last quarter. Corporate insiders own 20.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CENTA. StockNews.com downgraded shares of Central Garden & Pet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lowered their target price on shares of 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. Finally, Canaccord Genuity Group raised shares of Central Garden & Pet to a “strong-buy” rating in a research note on Monday, July 1st. Two equities research 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $41.33.

Central Garden & Pet Stock Down 0.2 %

Shares of CENTA stock opened at $28.98 on Monday. The firm has a fifty day moving average of $31.72 and a 200-day moving average of $33.88. The company has a quick ratio of 2.16, a current ratio of 3.66 and a debt-to-equity ratio of 0.75. Central Garden & Pet has a 12-month low of $27.70 and a 12-month high of $41.03. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 13.00 and a beta of 0.72.

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

About Central Garden & Pet

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.