Texas Permanent School Fund Corp lifted its position in shares of Central Garden & Pet (NASDAQ:CENTA – Free Report) by 32.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,918 shares of the company’s stock after purchasing an additional 9,052 shares during the quarter. Texas Permanent School Fund Corp owned 0.07% of Central Garden & Pet worth $1,442,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in shares of Central Garden & Pet during the 2nd quarter valued at about $42,000. Rebalance LLC acquired a new position in Central Garden & Pet in the fourth quarter valued at approximately $107,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Central Garden & Pet in the fourth quarter valued at approximately $118,000. UBS Group AG lifted its holdings in shares of Central Garden & Pet by 262.1% during the third quarter. UBS Group AG now owns 4,323 shares of the company’s stock worth $147,000 after purchasing an additional 3,129 shares during the period. Finally, Captrust Financial Advisors raised its position in Central Garden & Pet by 19.0% in the first quarter. Captrust Financial Advisors now owns 4,545 shares of the company’s stock worth $185,000 after acquiring an additional 725 shares in the last quarter. Hedge funds and other institutional investors own 69.33% of the company’s stock.
Insider Buying and Selling at Central Garden & Pet
In other news, insider John D. Walker III sold 1,399 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $34.75, for a total transaction of $48,615.25. Following the completion of the sale, the insider now owns 81,394 shares in the company, valued at approximately $2,828,441.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 20.28% of the company’s stock.
Wall Street Analyst Weigh In
Central Garden & Pet Stock Up 0.5 %
Shares of Central Garden & Pet stock opened at $38.22 on Tuesday. The stock’s fifty day moving average is $36.27 and its 200-day moving average is $37.37. The firm has a market capitalization of $2.07 billion, a PE ratio of 18.29 and a beta of 0.70. The company has a quick ratio of 1.44, a current ratio of 3.47 and a debt-to-equity ratio of 0.88. Central Garden & Pet has a 12-month low of $33.69 and a 12-month high of $43.17.
Central Garden & Pet (NASDAQ:CENTA – Get Free Report) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported $0.90 earnings per share for the quarter, meeting the consensus estimate of $0.90. Central Garden & Pet had a return on equity of 8.41% and a net margin of 3.47%. The firm had revenue of $909.00 million for the quarter, compared to analyst estimates of $897.54 million. Equities analysts anticipate that Central Garden & Pet will post 2.35 earnings per share for the current year.
About Central Garden & Pet
Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments, Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, and pet containment; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; animal and household health and insect control products; live fish and products for fish, reptiles, and other aquarium-based pets, such as aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food, and supplements; and products for equine and livestock, as well as outdoor cushions.
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