Public Sector Pension Investment Board Has $3.92 Million Stake in Central Garden & Pet (NASDAQ:CENTA)

Public Sector Pension Investment Board lifted its stake in shares of Central Garden & Pet (NASDAQ:CENTA) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,118 shares of the company’s stock after buying an additional 790 shares during the quarter. Public Sector Pension Investment Board owned about 0.15% of Central Garden & Pet worth $3,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CENTA. Amundi Pioneer Asset Management Inc. acquired a new stake in Central Garden & Pet in the 1st quarter valued at $56,000. New York State Common Retirement Fund grew its position in Central Garden & Pet by 16.7% in the 1st quarter. New York State Common Retirement Fund now owns 69,900 shares of the company’s stock valued at $3,627,000 after purchasing an additional 10,000 shares during the period. Prudential Financial Inc. grew its position in Central Garden & Pet by 0.5% in the 1st quarter. Prudential Financial Inc. now owns 45,603 shares of the company’s stock valued at $2,366,000 after purchasing an additional 241 shares during the period. Ergoteles LLC acquired a new stake in Central Garden & Pet in the 1st quarter valued at $1,027,000. Finally, Champlain Investment Partners LLC acquired a new stake in Central Garden & Pet in the 1st quarter valued at $23,614,000. 66.42% of the stock is owned by institutional investors and hedge funds.

NASDAQ CENTA opened at $44.19 on Thursday. Central Garden & Pet has a one year low of $34.21 and a one year high of $55.82. The business’s fifty day moving average is $42.36 and its 200-day moving average is $47.08. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 13.72 and a beta of 0.61. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.29 and a quick ratio of 2.07.

Central Garden & Pet (NASDAQ:CENTA) last announced its quarterly earnings data on Wednesday, August 4th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.38. Central Garden & Pet had a return on equity of 15.62% and a net margin of 5.19%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $954.27 million. Research analysts expect that Central Garden & Pet will post 2.72 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded Central Garden & Pet from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Tuesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $58.83.

About Central Garden & Pet

Central Garden & Pet Co is an innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets in the United States. Founded initially as a distribution company, it grew its business through a succession of over 50 acquisitions and created a broad portfolio which allows for economies of scale and market advantages.

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

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