Sei Investments Co. Acquires 16,785 Shares of Central Garden & Pet (NASDAQ:CENTA)

Sei Investments Co. increased its holdings in Central Garden & Pet (NASDAQ:CENTA) by 208.3% in the second quarter, HoldingsChannel reports. The firm owned 24,842 shares of the company’s stock after purchasing an additional 16,785 shares during the period. Sei Investments Co.’s holdings in Central Garden & Pet were worth $1,180,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Amundi Pioneer Asset Management Inc. bought a new stake in Central Garden & Pet in the first quarter worth $56,000. Captrust Financial Advisors boosted its holdings in Central Garden & Pet by 1,422.9% during the first quarter. Captrust Financial Advisors now owns 3,396 shares of the company’s stock valued at $176,000 after acquiring an additional 3,173 shares during the period. CIBC Asset Management Inc bought a new stake in Central Garden & Pet during the first quarter valued at about $219,000. Amalgamated Bank bought a new stake in Central Garden & Pet during the first quarter valued at about $223,000. Finally, Profund Advisors LLC bought a new stake in Central Garden & Pet during the first quarter valued at about $235,000. Hedge funds and other institutional investors own 66.42% of the company’s stock.

NASDAQ CENTA opened at $41.39 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.07 and a current ratio of 3.29. The firm has a 50-day simple moving average of $42.73 and a 200 day simple moving average of $47.55. Central Garden & Pet has a twelve month low of $33.13 and a twelve month high of $55.82. The stock has a market cap of $2.31 billion, a PE ratio of 13.62 and a beta of 0.64.

Central Garden & Pet (NASDAQ:CENTA) last released its earnings results on Wednesday, August 4th. The company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.38. Central Garden & Pet had a net margin of 5.19% and a return on equity of 15.62%. Research analysts forecast that Central Garden & Pet will post 2.75 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Central Garden & Pet from a “sell” rating to a “hold” rating and set a $48.00 price target for the company in a report on Friday, August 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $58.67.

Central Garden & Pet Profile

Central Garden & Pet Co is an innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets in the United States. Founded initially as a distribution company, it grew its business through a succession of over 50 acquisitions and created a broad portfolio which allows for economies of scale and market advantages.

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Institutional Ownership by Quarter for Central Garden & Pet (NASDAQ:CENTA)

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