Dynamic Technology Lab Private Ltd decreased its position in Central Garden & Pet (NASDAQ:CENTA – Free Report) by 45.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,062 shares of the company’s stock after selling 5,857 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Central Garden & Pet were worth $311,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. LSV Asset Management bought a new position in Central Garden & Pet in the 4th quarter worth $5,409,000. Charles Schwab Investment Management Inc. raised its stake in shares of Central Garden & Pet by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 522,525 shares of the company’s stock worth $23,012,000 after buying an additional 3,149 shares during the period. Natixis Advisors L.P. purchased a new position in shares of Central Garden & Pet during the 4th quarter valued at about $494,000. Dimensional Fund Advisors LP grew its stake in shares of Central Garden & Pet by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,740,909 shares of the company’s stock valued at $120,711,000 after acquiring an additional 23,601 shares during the period. Finally, Swiss National Bank increased its holdings in Central Garden & Pet by 1.3% in the 3rd quarter. Swiss National Bank now owns 90,800 shares of the company’s stock worth $3,640,000 after acquiring an additional 1,200 shares in the last quarter. 50.82% of the stock is owned by hedge funds and other institutional investors.
Central Garden & Pet Stock Performance
Shares of Central Garden & Pet stock opened at $39.09 on Monday. The company has a quick ratio of 1.68, a current ratio of 3.33 and a debt-to-equity ratio of 0.79. The stock’s fifty day moving average is $36.66 and its two-hundred day moving average is $33.06. Central Garden & Pet has a 52 week low of $27.02 and a 52 week high of $41.03. The company has a market capitalization of $2.63 billion, a PE ratio of 17.56 and a beta of 0.70.
Analyst Ratings Changes
Several equities analysts have recently commented on CENTA shares. StockNews.com upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Truist Financial upped their price target on Central Garden & Pet from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. JPMorgan Chase & Co. lifted their price objective on shares of Central Garden & Pet from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, Monness Crespi & Hardt boosted their target price on shares of Central Garden & Pet from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Central Garden & Pet currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.75.
Check Out Our Latest Stock Analysis on Central Garden & Pet
Insider Activity at Central Garden & Pet
In other news, CAO Howard Machek sold 10,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $40.05, for a total transaction of $400,500.00. Following the transaction, the chief accounting officer now owns 51,474 shares of the company’s stock, valued at approximately $2,061,533.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Howard Machek sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $40.05, for a total value of $400,500.00. Following the completion of the sale, the chief accounting officer now owns 51,474 shares of the company’s stock, valued at approximately $2,061,533.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John D. Walker III sold 4,218 shares of Central Garden & Pet stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $40.31, for a total transaction of $170,027.58. Following the transaction, the insider now directly owns 85,063 shares in the company, valued at $3,428,889.53. The disclosure for this sale can be found here. 20.28% of the stock is owned by company insiders.
About Central Garden & Pet
(Free Report)
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.
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