Intech Investment Management LLC cut its position in Central Garden & Pet Company (NASDAQ:CENTA – Free Report) by 52.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,075 shares of the company’s stock after selling 23,898 shares during the period. Intech Investment Management LLC’s holdings in Central Garden & Pet were worth $644,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Central Garden & Pet by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,804,612 shares of the company’s stock worth $169,437,000 after purchasing an additional 20,819 shares during the period. Victory Capital Management Inc. boosted its position in Central Garden & Pet by 5.5% during the third quarter. Victory Capital Management Inc. now owns 2,217,545 shares of the company’s stock worth $65,484,000 after purchasing an additional 115,706 shares during the period. State Street Corp boosted its position in Central Garden & Pet by 3.5% during the second quarter. State Street Corp now owns 2,174,296 shares of the company’s stock worth $68,034,000 after purchasing an additional 73,755 shares during the period. LSV Asset Management boosted its position in Central Garden & Pet by 53.4% during the fourth quarter. LSV Asset Management now owns 2,123,479 shares of the company’s stock worth $61,984,000 after purchasing an additional 738,860 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Central Garden & Pet by 2.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,924,354 shares of the company’s stock worth $55,729,000 after purchasing an additional 54,930 shares during the period. 50.82% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Central Garden & Pet from $33.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, April 17th. Wall Street Zen raised shares of Central Garden & Pet from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Central Garden & Pet has a consensus rating of “Moderate Buy” and an average price target of $44.00.
Central Garden & Pet Stock Up 3.5%
CENTA opened at $36.49 on Wednesday. Central Garden & Pet Company has a fifty-two week low of $25.97 and a fifty-two week high of $37.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.16 and a current ratio of 3.45. The company has a market capitalization of $2.28 billion, a P/E ratio of 13.27 and a beta of 0.59. The stock has a fifty day moving average of $33.92 and a 200-day moving average of $32.16.
Central Garden & Pet (NASDAQ:CENTA – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.21. Central Garden & Pet had a return on equity of 11.55% and a net margin of 5.42%.The company had revenue of $906.15 million during the quarter, compared to the consensus estimate of $846.58 million. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. On average, equities analysts expect that Central Garden & Pet Company will post 2.83 EPS for the current year.
Central Garden & Pet Profile
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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