Central Garden & Pet Co Class A (CENTA) Stake Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Central Garden & Pet Co Class A (NASDAQ:CENTA) by 1.7% during the 2nd quarter, Holdings Channel reports. The fund owned 431,567 shares of the company’s stock after selling 7,542 shares during the quarter. Bank of New York Mellon Corp’s holdings in Central Garden & Pet Co Class A were worth $17,465,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its stake in Central Garden & Pet Co Class A by 17.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 62,872 shares of the company’s stock worth $2,544,000 after purchasing an additional 9,245 shares during the period. Sei Investments Co. boosted its stake in Central Garden & Pet Co Class A by 5.8% during the 2nd quarter. Sei Investments Co. now owns 203,052 shares of the company’s stock worth $8,217,000 after purchasing an additional 11,159 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Central Garden & Pet Co Class A during the 2nd quarter worth $301,000. State of Wisconsin Investment Board lifted its stake in shares of Central Garden & Pet Co Class A by 25.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 574,405 shares of the company’s stock worth $23,246,000 after acquiring an additional 117,778 shares during the period. Finally, Alps Advisors Inc. acquired a new stake in shares of Central Garden & Pet Co Class A in the 2nd quarter worth $514,000. Hedge funds and other institutional investors own 63.51% of the company’s stock.

CENTA stock opened at $36.66 on Tuesday. Central Garden & Pet Co Class A has a one year low of $32.57 and a one year high of $41.97. The firm has a market capitalization of $1.93 billion, a PE ratio of 24.44, a PEG ratio of 1.62 and a beta of 0.09. The company has a quick ratio of 2.57, a current ratio of 4.42 and a debt-to-equity ratio of 0.93.

Central Garden & Pet Co Class A (NASDAQ:CENTA) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.79. The business had revenue of $657.94 million during the quarter. Central Garden & Pet Co Class A had a net margin of 5.32% and a return on equity of 14.69%. research analysts expect that Central Garden & Pet Co Class A will post 1.88 EPS for the current year.

Several analysts have recently commented on CENTA shares. BMO Capital Markets started coverage on shares of Central Garden & Pet Co Class A in a research note on Monday, August 13th. They issued an “outperform” rating for the company. Bank of America started coverage on shares of Central Garden & Pet Co Class A in a research note on Monday, September 10th. They issued a “buy” rating and a $44.00 target price for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $45.00.

Central Garden & Pet Co Class A Profile

Central Garden & Pet Company, together with its subsidiaries, produces and distributes 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 supplies products for dogs and cats comprising edible bones, edible and non-edible chews, rawhide, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets.

Further Reading: Fundamental Analysis and Choosing Stocks

Want to see what other hedge funds are holding CENTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Central Garden & Pet Co Class A (NASDAQ:CENTA).

Institutional Ownership by Quarter for Central Garden & Pet Co Class A (NASDAQ:CENTA)

Receive News & Ratings for Central Garden & Pet Co Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Garden & Pet Co Class A and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply