Envestnet Portfolio Solutions Inc. Has $393,000 Position in Central Garden & Pet Company $CENTA

Envestnet Portfolio Solutions Inc. boosted its holdings in Central Garden & Pet Company (NASDAQ:CENTA) by 83.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,545 shares of the company’s stock after purchasing an additional 5,716 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Central Garden & Pet were worth $393,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Central Garden & Pet by 4.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,652 shares of the company’s stock valued at $447,000 after purchasing an additional 604 shares during the period. Charles Schwab Investment Management Inc. grew its position in Central Garden & Pet by 5.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 879,769 shares of the company’s stock valued at $28,795,000 after purchasing an additional 47,257 shares during the period. Walleye Capital LLC acquired a new stake in Central Garden & Pet in the 1st quarter valued at $1,386,000. Teacher Retirement System of Texas acquired a new stake in Central Garden & Pet in the 1st quarter valued at $255,000. Finally, Bailard Inc. acquired a new stake in Central Garden & Pet in the 1st quarter valued at $314,000. Institutional investors and hedge funds own 50.82% of the company’s stock.

Insider Transactions at Central Garden & Pet

In related news, insider John D. Walker III sold 3,500 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $32.59, for a total value of $114,065.00. Following the sale, the insider directly owned 67,328 shares in the company, valued at approximately $2,194,219.52. The trade was a 4.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Ranelli sold 3,076 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $32.58, for a total value of $100,216.08. Following the completion of the sale, the director owned 1,427 shares in the company, valued at $46,491.66. This represents a 68.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 20.28% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CENTA shares. Canaccord Genuity Group lifted their price target on shares of Central Garden & Pet from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Wall Street Zen upgraded Central Garden & Pet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Central Garden & Pet in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Central Garden & Pet from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.67.

Central Garden & Pet Trading Up 1.3%

NASDAQ CENTA opened at $28.33 on Thursday. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 12.88 and a beta of 0.63. Central Garden & Pet Company has a one year low of $25.97 and a one year high of $37.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.56 and a quick ratio of 2.28. The business’s fifty day moving average is $30.80 and its 200-day moving average is $31.74.

Central Garden & Pet (NASDAQ:CENTA) last released its earnings results on Wednesday, August 6th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.22. The company had revenue of $960.91 million for the quarter, compared to analysts’ expectations of $993.66 million. Central Garden & Pet had a return on equity of 10.77% and a net margin of 4.44%. Equities research analysts predict that Central Garden & Pet Company will post 2.38 EPS for the current year.

About Central Garden & Pet

Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on 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, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish, and small animals, as well as outdoor cushions.