Dimensional Fund Advisors LP Grows Position in Central Garden & Pet (NASDAQ:CENTA)

Posted by Defense World Staff on Sep 8th, 2023

Dimensional Fund Advisors LP raised its position in shares of Central Garden & Pet (NASDAQ:CENTA – Free Report) by 3.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,687,598 shares of the company’s stock after purchasing an additional 88,951 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Central Garden & Pet were worth $105,003,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in shares of Central Garden & Pet by 2.2% in the 4th quarter. Arizona State Retirement System now owns 11,696 shares of the company’s stock worth $419,000 after purchasing an additional 247 shares during the period. Susquehanna International Group LLP boosted its holdings in shares of Central Garden & Pet by 2.4% in the 4th quarter. Susquehanna International Group LLP now owns 12,275 shares of the company’s stock worth $439,000 after purchasing an additional 289 shares during the period. Pathstone Family Office LLC boosted its holdings in shares of Central Garden & Pet by 3.2% in the 4th quarter. Pathstone Family Office LLC now owns 10,830 shares of the company’s stock worth $388,000 after purchasing an additional 331 shares during the period. Legal & General Group Plc boosted its holdings in shares of Central Garden & Pet by 0.3% in the 2nd quarter. Legal & General Group Plc now owns 119,814 shares of the company’s stock worth $4,794,000 after purchasing an additional 363 shares during the period. Finally, Royal Bank of Canada boosted its holdings 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 worth $506,000 after purchasing an additional 365 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Central Garden & Pet Trading Up 1.3 %

Shares of NASDAQ CENTA opened at $39.45 on Friday. The company has a quick ratio of 1.77, a current ratio of 3.51 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $39.43 and a two-hundred day simple moving average of $37.69. The firm has a market cap of $2.12 billion, a PE ratio of 17.46 and a beta of 0.71. Central Garden & Pet has a twelve month low of $33.69 and a twelve month high of $45.93.

Central Garden & Pet (NASDAQ:CENTA – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.45 by $0.30. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Central Garden & Pet had a return on equity of 9.59% and a net margin of 3.70%. Analysts expect that Central Garden & Pet will post 2.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. KeyCorp boosted their price objective on Central Garden & Pet from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. StockNews.com upgraded Central Garden & Pet from a “buy” rating to a “strong-buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Central Garden & Pet has an average rating of “Buy” and a consensus target price of $44.33.

View Our Latest Report on Central Garden & Pet

Insider Transactions at Central Garden & Pet

In other news, Director John Ranelli sold 2,440 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $40.87, for a total value of $99,722.80. Following the completion of the transaction, the director now directly owns 2,946 shares of the company’s stock, valued at approximately $120,403.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Howard Machek sold 3,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $42.65, for a total transaction of $127,950.00. Following the transaction, the chief accounting officer now directly owns 47,461 shares in the company, valued at approximately $2,024,211.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John Ranelli sold 2,440 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $40.87, for a total value of $99,722.80. Following the sale, the director now owns 2,946 shares in the company, valued at approximately $120,403.02. The disclosure for this sale can be found here. In the last three months, insiders sold 49,371 shares of company stock valued at $2,151,777. Corporate insiders own 20.28% of the company’s stock.

Central Garden & Pet Profile

(Free Report)

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.