Systematic Financial Management LP lifted its position in Central Garden & Pet Company (NASDAQ:CENTA – Free Report) by 320.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,125 shares of the company’s stock after buying an additional 16,095 shares during the quarter. Systematic Financial Management LP’s holdings in Central Garden & Pet were worth $617,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of CENTA. Royal Bank of Canada lifted its holdings in shares of Central Garden & Pet by 15.9% in the first quarter. Royal Bank of Canada now owns 18,471 shares of the company’s stock worth $605,000 after buying an additional 2,532 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Central Garden & Pet by 56.8% in the first quarter. AQR Capital Management LLC now owns 48,438 shares of the company’s stock worth $1,585,000 after buying an additional 17,556 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Central Garden & Pet by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,421 shares of the company’s stock worth $996,000 after buying an additional 743 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Central Garden & Pet by 179.2% in the first quarter. Millennium Management LLC now owns 180,907 shares of the company’s stock worth $5,921,000 after buying an additional 116,101 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Central Garden & Pet by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 263,518 shares of the company’s stock worth $8,625,000 after buying an additional 12,749 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 CENTA opened at $34.57 on Monday. The firm’s 50 day simple moving average is $33.31 and its 200 day simple moving average is $31.62. The company has a market capitalization of $2.16 billion, a P/E ratio of 12.57 and a beta of 0.59. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.45 and a quick ratio of 2.16. Central Garden & Pet Company has a 1-year low of $25.97 and a 1-year high of $37.71.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on CENTA shares. JPMorgan Chase & Co. lowered their price target on shares of Central Garden & Pet from $33.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, April 17th. Weiss Ratings upgraded Central Garden & Pet from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 3rd. Finally, Wall Street Zen upgraded Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Central Garden & Pet has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.
View Our Latest Report on Central Garden & Pet
About Central Garden & Pet
Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.
The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.
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