1 week Ago By Defense World Staff
Prudential Financial Inc. cut its position in Central Garden & Pet (NASDAQ:CENT – Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 9,699 shares of the company’s stock after selling 350 shares during the quarter. Prudential Financial Inc.’s holdings in Central Garden & Pet were worth $376,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Central Garden & Pet by 11.
6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 112,305 shares of the company’s stock valued at $4,096,000 after purchasing an additional 11,671 shares during the period.
BNP Paribas Financial Markets boosted its stake in shares of Central Garden & Pet by 5.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,060 shares of the company’s stock worth $330,000 after acquiring an additional 464 shares during the period.
XTX Topco Ltd bought a new position in shares of Central Garden & Pet during the 3rd quarter worth approximately $258,000. Barclays PLC increased its holdings in shares of Central Garden & Pet by 51.4% during the 3rd quarter.
Barclays PLC now owns 34,944 shares of the company’s stock worth $1,275,000 after acquiring an additional 11,865 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Central Garden & Pet by 29.
0% in the 3rd quarter. Franklin Resources Inc. now owns 4,521 shares of the company’s stock valued at $157,000 after acquiring an additional 1,016 shares during the period.
Institutional investors and hedge funds own 16.13% of the company’s stock. Insider ActivityIn related news, insider John D.
Walker III sold 10,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $32.86, for a total transaction of $328,600.
00. Following the completion of the sale, the insider now owns 67,111 shares of the company’s stock, valued at $2,205,267.46.
This represents a 12.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
8.19% of the stock is owned by company insiders. Central Garden & Pet Stock PerformanceNASDAQ:CENT opened at $35.
94 on Thursday. The stock has a 50 day simple moving average of $36.48 and a 200 day simple moving average of $36.
89. The stock has a market cap of $2.35 billion, a P/E ratio of 19.
75 and a beta of 0.80. Central Garden & Pet has a 1-year low of $32.
17 and a 1-year high of $47.48. The company has a current ratio of 3.
47, a quick ratio of 1.97 and a debt-to-equity ratio of 0.78.
Central Garden & Pet (NASDAQ:CENT – Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.
03) by $0.24. Central Garden & Pet had a return on equity of 10.
08% and a net margin of 3.77%. Research analysts anticipate that Central Garden & Pet will post 2.
38 earnings per share for the current year. Analyst Upgrades and DowngradesSeparately, Argus cut shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock.
According to data from MarketBeat.com, Central Garden & Pet has an average rating of “Buy” and a consensus target price of $45.00.
Read Our Latest Stock Analysis on Central Garden & PetCentral Garden & Pet Profile (Free Report)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.
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