State Street Corp Acquires 68,689 Shares of Central Garden & Pet (NASDAQ:CENTA)

State Street Corp grew its holdings in shares of Central Garden & Pet (NASDAQ:CENTA - Free Report) by 3.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,175,277 shares of the company's stock after acquiring an additional 68,689 shares during the period. State Street Corp owned about 3.23% of Central Garden & Pet worth $68,304,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC increased its position in Central Garden & Pet by 33.8% during the 3rd quarter. FMR LLC now owns 76,388 shares of the company's stock valued at $2,399,000 after purchasing an additional 19,306 shares during the period. Dimensional Fund Advisors LP grew its holdings in Central Garden & Pet by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,653,753 shares of the company's stock worth $120,682,000 after acquiring an additional 29,780 shares during the period. Hsbc Holdings PLC raised its position in shares of Central Garden & Pet by 215.8% in the 2nd quarter. Hsbc Holdings PLC now owns 24,539 shares of the company's stock worth $803,000 after acquiring an additional 16,768 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Central Garden & Pet by 1.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,100,751 shares of the company's stock valued at $65,964,000 after purchasing an additional 38,077 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Central Garden & Pet by 43.0% in the 2nd quarter. American Century Companies Inc. now owns 941,509 shares of the company's stock valued at $31,098,000 after purchasing an additional 283,045 shares during the period. Institutional investors and hedge funds own 50.82% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on CENTA shares. JPMorgan Chase & Co. reduced their price objective on shares of Central Garden & Pet from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Friday, October 11th. StockNews.com cut shares of Central Garden & Pet from a "buy" rating to a "hold" rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $41.33.

Central Garden & Pet Stock Performance

CENTA traded down $1.67 during midday trading on Wednesday, reaching $35.06. The company had a trading volume of 509,948 shares, compared to its average volume of 282,599. Central Garden & Pet has a 12-month low of $27.70 and a 12-month high of $41.03. The business has a 50-day moving average price of $32.00 and a two-hundred day moving average price of $32.75. The stock has a market cap of $2.30 billion, a PE ratio of 21.67 and a beta of 0.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.19 and a current ratio of 3.66.

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 containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.