Central Garden & Pet Co (CENT) Stake Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Central Garden & Pet Co (NASDAQ:CENT) by 7.8% during the first quarter, HoldingsChannel.com reports. The firm owned 893,708 shares of the company’s stock after selling 75,983 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Central Garden & Pet were worth $38,429,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CENT. GW&K Investment Management LLC lifted its stake in shares of Central Garden & Pet by 7,060.6% in the 1st quarter. GW&K Investment Management LLC now owns 448,254 shares of the company’s stock valued at $19,275,000 after purchasing an additional 441,994 shares during the period. Millennium Management LLC lifted its stake in shares of Central Garden & Pet by 780.2% in the 4th quarter. Millennium Management LLC now owns 207,168 shares of the company’s stock valued at $8,063,000 after purchasing an additional 183,631 shares during the period. BlackRock Inc. lifted its stake in shares of Central Garden & Pet by 2.7% in the 1st quarter. BlackRock Inc. now owns 1,490,348 shares of the company’s stock valued at $64,084,000 after purchasing an additional 39,159 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Central Garden & Pet by 3.9% in the 1st quarter. Wells Fargo & Company MN now owns 844,769 shares of the company’s stock valued at $36,326,000 after purchasing an additional 31,595 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Central Garden & Pet by 124.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 51,358 shares of the company’s stock valued at $1,999,000 after purchasing an additional 28,430 shares during the period. 21.93% of the stock is currently owned by institutional investors.

Central Garden & Pet opened at $43.55 on Tuesday, MarketBeat.com reports. Central Garden & Pet Co has a fifty-two week low of $30.42 and a fifty-two week high of $44.54. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.12 and a current ratio of 3.87. The company has a market cap of $2.26 billion, a P/E ratio of 29.03 and a beta of 0.09.

Central Garden & Pet (NASDAQ:CENT) last posted its quarterly earnings results on Monday, May 7th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Central Garden & Pet had a return on equity of 13.92% and a net margin of 5.09%. The business had revenue of $613.10 million for the quarter, compared to the consensus estimate of $591.76 million. During the same period in the prior year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. equities research analysts forecast that Central Garden & Pet Co will post 1.93 earnings per share for the current year.

A number of research analysts have recently issued reports on the company. ValuEngine raised Central Garden & Pet from a “hold” rating to a “buy” rating in a research note on Monday, June 11th. BidaskClub raised Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Zacks Investment Research raised Central Garden & Pet from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, May 9th. SunTrust Banks boosted their price objective on Central Garden & Pet to $50.00 and gave the company a “buy” rating in a research note on Monday, April 9th. Finally, KeyCorp reissued a “buy” rating and issued a $46.00 price objective on shares of Central Garden & Pet in a research note on Monday, March 26th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $46.50.

In other Central Garden & Pet news, insider Michael A. Reed sold 16,365 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $36.50, for a total transaction of $597,322.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Ranelli sold 9,900 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $40.77, for a total value of $403,623.00. Following the sale, the director now directly owns 7,258 shares of the company’s stock, valued at $295,908.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,479 shares of company stock worth $1,850,839. 12.60% of the stock is owned by company insiders.

Central Garden & Pet Profile

Central Garden & Pet Company, together with its subsidiaries, produces and distributes 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 supplies products for dogs and cats comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.

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

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