JPMorgan Chase & Co. increased its stake in Central Garden & Pet (NASDAQ:CENTA – Get Rating) by 35.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 811,884 shares of the company’s stock after purchasing an additional 214,648 shares during the quarter. JPMorgan Chase & Co.’s holdings in Central Garden & Pet were worth $29,065,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in shares of Central Garden & Pet by 2.2% in the fourth quarter. Arizona State Retirement System now owns 11,696 shares of the company’s stock worth $419,000 after acquiring an additional 247 shares during the last quarter. Legal & General Group Plc raised its holdings in Central Garden & Pet by 0.3% during the 2nd quarter. Legal & General Group Plc now owns 119,814 shares of the company’s stock valued at $4,794,000 after acquiring an additional 363 shares during the period. Royal Bank of Canada boosted its stake in shares of Central Garden & Pet by 2.5% in the 3rd quarter. Royal Bank of Canada now owns 14,798 shares of the company’s stock valued at $506,000 after purchasing an additional 365 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Central Garden & Pet by 2.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 19,202 shares of the company’s stock valued at $768,000 after buying an additional 379 shares during the period. Finally, Amalgamated Bank grew its position in Central Garden & Pet by 3.7% in the 3rd quarter. Amalgamated Bank now owns 19,070 shares of the company’s stock worth $651,000 after purchasing an additional 680 shares during the period. Institutional investors and hedge funds own 69.21% of the company’s stock.
Wall Street Analyst Weigh In
CENTA has been the subject of a number of recent analyst reports. StockNews.com started coverage on Central Garden & Pet in a research report on Thursday, May 18th. They issued a “hold” rating for the company. JPMorgan Chase & Co. reduced their price objective on Central Garden & Pet from $41.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, April 19th. Truist Financial dropped their target price on Central Garden & Pet from $60.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, April 19th. KeyCorp cut their target price on Central Garden & Pet from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 19th. Finally, TheStreet raised Central Garden & Pet from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.75.
Insiders Place Their Bets
Central Garden & Pet Price Performance
Central Garden & Pet stock opened at $35.56 on Monday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 17.01 and a beta of 0.69. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.47 and a quick ratio of 1.44. Central Garden & Pet has a 1 year low of $33.69 and a 1 year high of $43.17. The firm has a 50-day moving average of $36.13 and a two-hundred day moving average of $37.34.
Central Garden & Pet Company Profile
Central Garden & Pet Co engages in the production and distribution of branded and private label products for the lawn, and garden and pet supplies markets. It operates through the following segments: Pets and Garden. The Pet segment includes dog and cat supplies such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, pet containment, 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.
See Also
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