Parametric Portfolio Associates LLC Decreases Stake in Central Garden & Pet Company (CENT)

Parametric Portfolio Associates LLC decreased its position in Central Garden & Pet Company (NASDAQ:CENT) by 41.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,569 shares of the company’s stock after selling 23,329 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.06% of Central Garden & Pet worth $1,067,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CENT. BNP Paribas Arbitrage SA grew its position in shares of Central Garden & Pet by 20.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,136 shares of the company’s stock valued at $100,000 after purchasing an additional 537 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Central Garden & Pet by 8.9% in the second quarter. Sei Investments Co. now owns 4,633 shares of the company’s stock valued at $148,000 after buying an additional 380 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Central Garden & Pet by 65.7% in the first quarter. PNC Financial Services Group Inc. now owns 4,140 shares of the company’s stock valued at $153,000 after buying an additional 1,641 shares during the period. Thrivent Financial For Lutherans bought a new stake in shares of Central Garden & Pet in the first quarter valued at approximately $212,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Central Garden & Pet in the first quarter valued at approximately $222,000. 20.62% of the stock is currently owned by institutional investors.

Shares of Central Garden & Pet Company (NASDAQ:CENT) opened at $36.85 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.38 and a quick ratio of 1.63. The stock has a market capitalization of $1,820.00, a P/E ratio of 23.15, a P/E/G ratio of 2.15 and a beta of 0.03. Central Garden & Pet Company has a 12 month low of $28.37 and a 12 month high of $40.48.

In other Central Garden & Pet news, General Counsel George A. Yuhas sold 4,364 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $33.37, for a total transaction of $145,626.68. Following the completion of the sale, the general counsel now directly owns 50,259 shares in the company, valued at $1,677,142.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Ranelli sold 2,700 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $34.09, for a total value of $92,043.00. Following the sale, the director now owns 110,339 shares of the company’s stock, valued at $3,761,456.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,895 shares of company stock valued at $504,159. 11.60% of the stock is currently owned by corporate insiders.

Several brokerages recently issued reports on CENT. KeyCorp reiterated a “hold” rating on shares of Central Garden & Pet in a research note on Wednesday, September 6th. BidaskClub upgraded Central Garden & Pet from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded Central Garden & Pet from a “sell” rating to a “hold” rating in a research note on Wednesday. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Central Garden & Pet in a research note on Thursday, August 3rd. Finally, Sidoti cut Central Garden & Pet from a “buy” rating to a “neutral” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.00.

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Central Garden & Pet Profile

Central Garden & Pet Company is a marketer and producer of branded products and distributor of third party products in the pet and lawn and garden supplies industries in the United States. The Company operates in two segments: Pet segment and the Garden segment. It is a marketer and producer of pet supplies in the United States.

Institutional Ownership by Quarter for Central Garden & Pet (NASDAQ:CENT)

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